For the purpose of this section, the prime rate shall be the average of the prime rates reported by the three largest banks in New York City as of the close of business three business days immediately preceding the date on which the loan or credit sale is made.Alabama legal rate is 6% and most people think that the 2% additional allowed is above that for a total of 8%, but the actual wording seems to say 6% or 2% above the prime rate as defined by the 3 largest NY banks in the three days prior to the singing of the loan.However, it is unclear as to who this applies to when you view section 8-8-5(a) Any person or persons, corporations, trust, general partnership or partnerships, limited partnership or partnerships, or association may agree to pay such rate or rates of interest for the loan or forbearance of money and for any credit sales as such person, corporation, trust, general partnership, limited partnership, or association may determine, notwithstanding any law of this state otherwise prescribing or limiting such rate or rates of interest; provided, that the original principal balance of the loan or forbearance of money or credit sales is not less than $2,000; provided further, that all laws relating to unconscionability in consumer transactions including but not limited to the provisions of Chapter 19 of Title 5, known as the Mini-Code, shall apply to transactions covered by this section.

I want to get the largest loan possible so I can purchase a house hack property with “locked in” units(basically ADUs), renovate the space and also build another ADU or locked in unit so that I can cash flow.

Generally that largest closing costs are lenders fees and prepaying taxes and insurance, or in some cases reimbursing the Seller for taxes they already paid.

As Russell said, the distinctions vary and can be quite restrictive, which most ADUs only being allowed to owner occupants, meaning you can live in the ADU and rent on the house or vice versa, but technically it’s not allowed once you’ve moved out, though I’m not sure how this is actually enforced.There’s also quite a bit of confusion in DC on the distinction between ADUs and creating a separate legal rental through a 2 unit or more flat conversion, even at DCRA, which looks similar to creating an ADU but is a distinct process that yields multiple separately metered and legal rental units, with no owner occupancy requirements. 

@Sergio A.What would you say is the largest gap in your infrastructure?

Third party management requires the property manager to hold a real estate license for that state.As the largest owner of single-family investment properties in the Midwest, MACK Companies is well-versed in property management.

Does it matter if I find a lawyer in a different county or different region of my large state of residence (California).#3  What special things can a living trust do for me in terms of tax savings, liability risk, etc..

Had one do that with docs in Escrow :-( Flagstar was the largest bank warehousing those --They quit providing warehouse lines for Non QM lenders - Home Express -TheLender- New Rez- Royal - DeeepHaven - Carrington - Angel Oak etc - That all was securitized and investors have totally redefined risk.

* What do you do to ensure that the tenant is responsible for security deposit disputes since that is the largest reason for owner lawsuits* How familiar are you with the newly changed laws that can affect you the owner if they are not used correctly?.

The military would need more personnel and Fort Bragg is known as the Mecca in the military as well as being the largest military base for personnel.