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27 November 2024 | 5 replies
I'm 30 with a family of four, just bought my first primary home this year.
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28 November 2024 | 4 replies
Someone asked that they other day and that is kind of an eye opener/head scratcher.
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20 November 2024 | 15 replies
NMLS Consumer Access is a fully searchable website that allows the public to view information concerning state-licensed companies, branches, and individuals licensed and registered through NMLS.
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19 November 2024 | 0 replies
I wasn't able to make it to BPCon in Mexico, but don't want to wait another year to connect with you fabulous people. Share your next-best value-add REI cons upcoming in then next 6 months (please!). ------ GO!!!
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26 November 2024 | 9 replies
The biggest issue I see is control of the thermostat.
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21 November 2024 | 11 replies
I decided not to proceed because of the $15k cost.
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19 November 2024 | 12 replies
You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.
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17 December 2024 | 0 replies
When investing in real estate, having multiple exit strategies is key.For a single investment property, make sure the numbers work for both scenarios: 1️) If you decide to sell the home, the deal should produce a solid return. 2️) If you need to rent it out, the rental income should cover expenses and provide a profit.Flexibility is what saves you when things don’t turn out as planned.
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20 November 2024 | 6 replies
It depends on the lender but at a min they must follow TX SML or lending laws in the state in order to compliantly lend in TX, on whether choose to apply this guideline to all types of occupancies or transaction types (non owner investment, second homes/primary residences, etc)80-85LTV on rental properties is only on the purchase for fannie/freddie loans but on rate term refinances its max 80% and cash out max 75% for 1 unit and up to 70% for 2-4 unit cash out conventional.On HELOC's and rentals are up to 70-75% depending on the HELOC investor or product.Its good to distinguish between what the lenders are willing to do and for which product and also these loan products must abide my state law as well as an additiona layer of "overlays," on top as well (whichever is worst / most conservative).
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17 November 2024 | 5 replies
:Always do anything within the walls of escrow, i.e. pay people, pay title, pay escrow, pay invoices from termite, give a credit to a buyer or seller along with anything else.