10 July 2024 | 1 reply
Vacants – You can use SmartyStreets.com to find out which address the post office is not currently delivering to.
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10 July 2024 | 5 replies
Currently using as a STR.
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10 July 2024 | 6 replies
The way we look at it however is this sort of situation would be OK - but its a one time referral fee - any sort of arrangement with a long-term referral fee / borrower protection is reserved for true professional mortgage brokers - who like @Chris Seveney mentioned, would be doing more legwork on the deal vs. a simple and clean referral handoffvia CFPB on referral fees for business-purpose hard money loans:§ 1024.5 Coverage of RESPA.THIS VERSION IS THE CURRENT REGULATIONView all versions of this regulationSearch this regulationRegulation X(a) Applicability.
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10 July 2024 | 6 replies
Failed listings could mean canceled listings, expired listings, or where there have been no updates to a listing for X period of time and they just move them to failed.Equity could be calculated based on FMV - original mortgage OR FMV - estimated current mortgage amount.
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10 July 2024 | 2 replies
I am already over-leveraged into the project with LOC's and such, therefore I am looking for ideas for other sources of cash to supplement my current rehab loan to be able to get me across the finish line.
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10 July 2024 | 2 replies
You do not own the home so you cannot use its equity instead you are borrowing money based off of the current owners sale price.Using the same banks/lenders Heloc in some cases can be fine since its attached to another home.
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11 July 2024 | 6 replies
But right now, i currently own a SF in KY and am house hacking a duplex in round rock Texas.
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9 July 2024 | 4 replies
The property is rented out to section 8 tenants for a total of $4700 currently.
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10 July 2024 | 10 replies
Realtor.com puts the property estimate at 287k, Zillow at 255k for the current values.
9 July 2024 | 22 replies
That's not at all what I am currently buying.