Steve K.
Anyone Else Fed Up With Loan Servicing Companies?
8 January 2025 | 33 replies
It would not surprise me if they were acquiring the paper and servicing rights to take an inside line on refi's for these customers if rates decline.Actually CFPB regs may NOT apply if the subject loans are investment or commercial property loans and not SFR owner occupied or consumer loans.
Makan A Tabrizi
Gas cooktop (4 burners) v regular gas range/oven v washing machine
22 December 2024 | 9 replies
I would never put in a gas range, oven, dryer or any other consumer product for tenants, because a lot of them are idiots and will kill themselves or someone else.
Luke H.
Would You Do This Deal? Lending Opportunity
29 December 2024 | 12 replies
@Luke H.If the buyer is living in the property now it’s a consumer loan compared to a loan to an investor and will kick in a lot more regulationsYou can’t do a balloon less than 5 years, need to have it serviced by a licensed servicer, will have to go by interest rate usury laws, collect escrow…..I would not loan on this property to an owner occupant
Eric N.
How do you do Seller Financing/Sub2 and comply with Dodd Frank/Safe Act ?
23 December 2024 | 46 replies
All the various consumer laws exist specifically to stop bad actors from doing stuff like this.
Eric Coats
Running STR #s for Newbie
10 January 2025 | 19 replies
(2) Variable cost: platform fees from Airbnb and VRBO, lodging/hotel/transit or whatever pass-through tax your local AHJ requires, cleaning fee, cost of replacement for consumables, repair and maintenance, etc.
Damian Walker
Social Media & Motivated Sellers
21 December 2024 | 8 replies
You see, people love watching videos about topics of interest and they spend hours of their day consuming this content.
Brady Morgan
Securities Based Lending for Low Interest Rate
17 January 2025 | 19 replies
The "deposit" works as a way to make the payments on whatever you've drawn and self consumes itself. 5.75-6.25% fixed interest, amortized over 25 years for a 5 year term.
Bryce Jamison
Do you buy older homes for long term rentals?
20 January 2025 | 31 replies
In the manufactured home industry, I've heard more complaints about new homes being bought and installed straight from the factory than consumers buying older homes direct from homeowners.
Pankaj Malik
Tenant threatening to sue and wants to extort money
19 January 2025 | 27 replies
As a business, a judge will expect YOU to know all the laws and legal procedures.Make a minor mistake and the judge is unlikely to give you a break and may rule in the tenant's favor.The judge will see the tenant as a consumer and may give them a lot of leeway in court, even give them borderline legal advice.You are in over your head, not having the knowledge to properly handle this.
Victor N.
Tenant Refusing To Turn on Heat In Winter In Order To Save
18 January 2025 | 36 replies
It is only one paragraph, but in consumes the ENTIRE page because I use a HUGE font.