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6 February 2016 | 7 replies
If yes, what if I buy the LLC that owns the property, there will not be any change in title or deed ownership, would this impact my property taxes or not ?
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5 February 2016 | 5 replies
Currently living in apartmentWorking full time as a management consultant and also in grad schoolLiving below our means and currently building savings for emergency fundsBlessed with a promotion that will allow us to build savings at a faster rateEstimate to have $30k in savings in 12 months time (depending on how well I control my Chipotle cravings :) )Plan for first property acquisitionfirst property will be primary residenceFind distressed / REO property (4/2/2)use FHA 203k loan to roll in rehab cost and put 5% down (heard doing 5% instead of 3% means no PMI, need to verify that)Plan for investment property acquisitionsAssume rehab yields 25% ARVUse HELOC and savings to purchase first and subsequent investment properties as soon as possible.Overall I'm looking to force equity in a primary residence and use HELOC and savings to start acquiring properties.
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7 February 2016 | 6 replies
Therefore, it should be no surprise that both the sellers and lenders involved with manufactured homes have been forced to join this new movement, but apparently many who have not been paying attention to the “Change” that Obama promised us are surprised.
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20 February 2016 | 7 replies
If you can avoid using more than 30% of your credit limit on any individual card, then you won't see as big of an impact to your credit score.
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10 February 2016 | 7 replies
#2 would force me to pay it off ASAP, especially given the variable rate after the introductory period.Hope this makes sense!
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10 February 2016 | 3 replies
You can have solid walls for foundations but they have to be designed for flood impact per FEMA.
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10 February 2016 | 1 reply
They force you to sharpen your pencil, and analyze each deal based on financially sound fundamentals.
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10 February 2016 | 9 replies
When measuring a 'Bank Stress Test' An analysis conducted under unfavorable economic scenarios which is designed to determine whether a bank has enough capital to withstand the impact of adverse developments.all non-performing loans impact the auditors rating of that institution.Another way to say it, EVERY REO is subject to a Short Sale.
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11 February 2016 | 1 reply
Cities a little farther away should be OK, like a Saugus or Wakefield I would think there would be no impact there.Just my two cents