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13 July 2024 | 22 replies
During the high pressure sales presentation they pressure people into finding ways to pay for their $35-40k program.
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15 July 2024 | 13 replies
I just had one of these loans get approved, with 5% down payment and closing tomorrow.
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15 July 2024 | 4 replies
At that time, the remaining depreciation will be freed up and can be applied against my passive income that I make from the sale (but still not against any active income I make as a real estate agent).
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14 July 2024 | 0 replies
Purchase price: $158,000 Cash invested: $35,000 Sale price: $250,000 This was our first house Hack that we added value to.
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15 July 2024 | 3 replies
What is the NOI on the facility and how many rooms are you renting I think you could do it as a dscr loan and refi it with a hedge fund and get 65% cash out and close with 14days
16 July 2024 | 2 replies
Quote from @Account Closed: While discussing the course and your real estate needs, Jason states numerous times that your ‘blueprint’ will be ‘built out' specifically for you, providing very few details of what you’re actually receiving, leading prospective students to believe that the product is going to be tailored to their niche, market and investing goals.
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15 July 2024 | 15 replies
Given Austin's competitive market, ensure your savings align with down payment requirements and closing costs for multifamily properties.
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15 July 2024 | 2 replies
I just closed one for a customer.
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14 July 2024 | 6 replies
They can provide guidance on potential legal options and rights concerning the city’s demands and the lender.Negotiate with the City:Seek Extensions or Variances: Your friend can request an extension on the deadline to comply or apply for variances that might allow the property to meet less stringent requirements.Explore Grants or Subsidies: Check if there are any local, state, or federal grants or subsidies available for renovating older properties, especially those providing low-income housing.Engage with the Lender:Discuss Financial Hardship: Present the case to the lender, explaining the situation and the financial hardship imposed by the new building codes.Propose a Loan Modification: Suggest modifying the loan terms, such as extending the loan period, reducing interest rates, or even deferring payments temporarily.Negotiate a Short Sale: If the property must be demolished and rebuilt, your friend can discuss the possibility of a short sale where the lender agrees to accept less than the owed amount to avoid foreclosure.Explore Refinance or New Loans:Seek New Financing Options: Look for other financial institutions or private lenders willing to provide financing for renovation or rebuilding.
15 July 2024 | 3 replies
The builder is unwilling to take the responsibilities of the damage as the warranty period has expired and mentioned that they obtained all approvals including 3rd party inspection before closing.