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Results (10,000+)
Joseph Agins Prepayment penalties on DSCR loans for paying extra?
20 August 2024 | 12 replies
So, would the PPP trigger for simply paying a little extra on monthly payments? 
Dan Sheeks Subject to question
21 August 2024 | 3 replies
The exception is a reverse mortgage which have breach terms that include death of last debtor on title or a surviving spouse.From a practical standpoint, mortgage lenders and their loan servicers are not looking for a reason to accelerate (call loan all due) but may be triggered by poor admin practices of sub-2 buyer.
Jamaal Smith Evicting My First Tenant
21 August 2024 | 10 replies
It's possible the first letter or summons will slap your tenant quickly into compliance, or you may go all the way to court/judgement/sheriff removal. 
Tom Jimenez Wholesaling?
21 August 2024 | 6 replies
Hello, I am new to Real Estate investing world, and have been educating myself since summer of last year, and been to only one local REI meeting and currently enrolled in a very good online course mostly on how to wholesale properties, but still have not pulled the trigger yet.
Ryan Galloway Real estate attorney
21 August 2024 | 7 replies
Oftentimes there is a due on sale clause in residential mortgages that triggers if you transfer it to another entity.
Clayton Silva Local vs National
20 August 2024 | 2 replies
There are definitely pros and cons to each so I figured I would just lay out a few benefits and personal thoughts: Small banks/brokerages:Pros:- Some regional knowledge of the market- Possibility of more creative lending guidelines with bank specific programs- Sometimes they have competitive rates for their areaCons: - weak balance sheet (more strict on some guidelines, no wiggle room, inability to be flexible or grant exceptions because they cannot afford to hold less than perfect loans)- Can't scale with clients to different markets- Usually limits exposure to individual investors (they don't want one investor to be too big of a portion of their balance sheet)- Lack of experience with multiple solutions (tend to have 2 or 3 loan products they sell and are too niche to provide tailored solutions)Large banks/brokerages:Pros:- Large compliance departments that understand individual market guidelines (typically each state has specific lending guidelines that augment the national baseline)- Ability to scale into multiple markets with same lender (licensed in many states)- Impossible for individual investors to "outgrow" a large bank's balance sheet (not concerned with one investor's concentration)- More lending solutions available for different scenarios- Often comparable or better rates given the game is volume basedCons:- Can be more difficult to get fast responses if the bank/brokerage does not have good follow up systems in place (or if the underwriting/processing staff gets overwhelmed)- Bad large banks can feel less like a relationship and more like a cog in a factory (less personal)Overall, I have worked from both and worked with both as a loan officer, branch manager, and as an investor/client myself. 
Shannon Reynolds Fraud or no?
25 August 2024 | 57 replies
Sorry for triggering you.
Masyn Grant Barney Aug 17th Commission Changes - How Do They Impact You?
19 August 2024 | 0 replies
We all have to do it to be in compliance. 2.
Michael Turner STR Material participation requirements for married filling jointly
20 August 2024 | 14 replies
Some years ago, the IRS compliance chief speaking at a CPA conference told us explicitly: we will impose preparer penalties if you guys take an incorrect position based on OUR incorrect publications, because you should know better. 
Natasha Rooney Learning about investing! Canadian trying to invest in US real estate
20 August 2024 | 4 replies
The U.S. typically withholds 15% of the sale price if the property is sold by a foreign investor, which can be reclaimed later based on the actual tax liability.Cross-Border Transactions: There are specific reporting requirements and compliance rules for moving money between Canada and the U.S., so make sure you're familiar with those to avoid any issues.It sounds like you're on the right path, and with the proper guidance, you'll be well-prepared to make your first purchase.