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12 June 2024 | 4 replies
What does it look like with a 45k salary for single mom with zero investment experience that just received an inheritance of "x", or the 80k salary for a single income household with 3 kids, a < 2k/mo mortgage?
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11 June 2024 | 6 replies
Here are some tips for networking and making the most of your account. 1) I'd fill out your profile fully before you do anything else!
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11 June 2024 | 14 replies
@Jacob Sherman I’m typically raising $100K - $400K for the purchase and repairs of a SFH or smaller MFP flip (short-term).A syndication seems like overkill, and some investors don’t want to deal with a K-1 because it’s not worth the extra accounting expenses for a short-term deal.
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11 June 2024 | 5 replies
Lots of different routes you can go in the cfp career but it’s a phenomenal one for flexibility, income, and helping people.
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11 June 2024 | 1 reply
I'm Carter, a senior in college who will be graduating this December and subsequently working full time in Public Accounting.
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11 June 2024 | 0 replies
For instance, while applying Texas-based legislation, the state's strong preference for ADR processes like mediation and arbitration is an important factor to take into account.
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11 June 2024 | 18 replies
I sent them a payment to my escrow account for the surplus they had accidentally sent me earlier in the year.
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11 June 2024 | 16 replies
as Update to this post from 6 years ago, there are heloc's on owner occupied 2-4 unit properties up to 89.90% CLTV or combined loan to values (meaning multiple loans but all together not exceeding 90% of the value).Terms typically areinterest only first 10 years and drawable from the lineyears 11-30 its Principal and interest payment Prime index/rate + margin (this portion is fixed but prime is not)underwriting is done assume prime + margin + 2% stress test for underwriting meaning if your prime + margin was 10% then your underwriting rate used to determine your maximum line you can qualify for would be 12% rate as an example based on principal and interest payment over 30 years or 360 monthsIncome is the main determinant of your qualification and fico min 680+ is just the min score to get through the "front door,"Maximum DTI or debt to income allowed is 45% DTIMaximum lines on this product go from 500-750k so you can get a decent line size that can actually buy other BRRR's or fix flips and deals.
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11 June 2024 | 1 reply
I never applied for a Unit that big and was wondering if I should try to get a loan (even though I don't get much income right now). and if how what is the process, is there a way to get the loan without putting money down, etc. the only reason I am asking this is I have no experience in this and it practically me jumping from one house to a 14-unit and am trying to figure out if this is a right move.
11 June 2024 | 2 replies
The rental income of $4,400 looks very high for the overall value ($250k) of the property.