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23 June 2024 | 3 replies
Borrowing other people's money sounds great but the market prices are high and hard to make profit if you borrow the down payment and borrow for the remainder of the mortgage loan.
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22 June 2024 | 18 replies
When did your purchase and what was the original loan amount?
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22 June 2024 | 1 reply
The investor that holds the loan is Fannie Mae any ideas to get the solar panel ( good leap ) to accept a settlement?
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22 June 2024 | 4 replies
Conventional loans can do a 2-4 unit with 5% down.
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20 June 2024 | 3 replies
A lot of Dave’s stuff is about investing in Real Estate and using the VA loan and military benefits and such on your way to growing your portfolio towards financial independence.
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22 June 2024 | 9 replies
Nebraska has no licensing restrictions on business-purpose real estate loans, like flips.
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22 June 2024 | 5 replies
Considering my inexperience in the market driving a lack of capital prepared, I've been looking at the requirements of an FHA loan.
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22 June 2024 | 17 replies
This ordinance is significant for its comprehensive approach to addressing source-of-income discrimination, particularly in the context of housing and rental opportunities.Key aspects of this ordinance include:The creation of a $1 million Landlord Risk Mitigation Program to financially assist landlords who accept tenants with vouchers, such as Section 8.Establishment of a landlord liaison position within the City’s Housing Department to facilitate communication and support.Landlords are allowed to deny rental applications based on individualized assessments, such as criminal convictions, credit scores, and eviction history, but the ordinance also sets clear guidelines for what can and cannot be considered.It includes a delayed effective date, allowing time for landlords and tenants to adjust to the new regulations.The ordinance also specifies that certain properties, particularly older houses that cannot easily comply with current codes, are exempt from some of the source-of-income requirements.The guidelines provided by Kansas City's Ordinance 231019, detailing what can and cannot be considered in rental applications, include several notable points aimed at balancing the rights and concerns of both tenants and landlords:Individualized Assessment Allowed:Landlords can deny rental applications based on specific, individualized factors, including criminal convictions, credit score, eviction history, alleged damages, and rent-to-income ratio.
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23 June 2024 | 7 replies
Simply, a percentage of the profits; so only AFTER the investors get their investment back + a “preferred” return of usually 6-8% annually.Here is how our equity (as opposed to our debt/loan/notes) syndications are set upwe as syndicators get a either a 3% broker fee or 3% acquisition fee at purchasewe get a management fee competitive with outside managementwe get 10% of gross rents as ASSET management feeonce investment is liquidated we receive 15% of proceeds ABOVE or AFTER investors receive their capital returned plus 10% annual calculated income including any distributions of earnings.
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20 June 2024 | 0 replies
We are putting everything we have into trying to get the best financing terms possible.Okay, we already talked about Loan-to-value (LTV), which is a way for lenders to figure out how risky a loan is.