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21 March 2018 | 4 replies
PMs have different contracts, and some may be more restrictive than others in what control you have.
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21 March 2018 | 5 replies
Leverage is a force multiplier: It can move a project along quickly and increase returns if things are going well, but if a project’s loans are under stress – typically when its return on assets isn’t enough to cover interest payments – investors tend to lose quickly and a lot.As a general rule, leverage should not exceed 75% of the total property value, including mezzanine and preferred equity, because both of these types of debt sit ahead of common equity in payment order.
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21 March 2018 | 9 replies
As I understand the rule of transferring into a trust, you cannot have the mortgage called if you put property into a TESTAMENTARY trust.
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30 March 2018 | 10 replies
There are rules about how bank accounts can be set up and so forth, but that comes down to state/local law level.
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3 April 2018 | 5 replies
I'm not a realtor so I don't know your rules, but I wouldn't use the normal realtor contract, causes it says prop can't be assignment without written consent from seller, unless you have written consent.
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16 March 2019 | 10 replies
Home Possible does have certain qualifying income restrictions depending on where the property is located but some areas on the north side have no income limit.
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10 April 2018 | 6 replies
or do you just rule out wholesale, mls, auctions, flips, hard money, and anything needing repairs and buy near retail for a hold?
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25 March 2018 | 6 replies
Someone earlier put up a link to the FHA rules so maybe they will stop by and post again.
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21 March 2018 | 5 replies
The code, regulations and rulings do not have any specific holding period.
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10 January 2019 | 2 replies
I'm not sure what else I can say here without breaking the BiggerPockets rules for forum posting.