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Results (10,000+)
Maurice W. Evans Would you buy a tri-plex from a slumlord
6 April 2019 | 59 replies
Check out James 1:8.
Cameron Riley LANDLORDS!!! - How to Handle The security deposit?
11 April 2019 | 67 replies
@James WiseJames, I hope you see this.
Daniel Walkowiak can you short sale a home if the owner passed without probate?
4 April 2019 | 7 replies
The Department of Defense prohibits it (SCRA for service members).You would typically see "Borrower must be in imminent danger of default or no less than 90 days past due" in a short sale package in 2014, maybe even up to 2016 but i'm confident no lender/servicer still in business would be stupid enough to try to get away with that today.A servicer CAN say, "Wait, you are current, you have income, you have assets, no, we aren't going to approve your request to consider a short sale" but their denial would be based on a lack of any imminent danger of default after a full short sale package was submitted and reviewed, not on, "borrower is not delinquent" and they would never say (now) "Borrower must be behind in payments for consideration". for military though, even if they are current, have income, have assets and are not in danger, the mere presentation of PCS orders (relocation) requires the servicer to consider (approve) a short sale request).
James Edwards Financing Home without Foundation
4 April 2019 | 2 replies
Originally posted by @James Edwards:I often see disclaimers of a home not lendable, due to a lack of a foundation for a house.
Erin M. Best Use of Office Hours?! Need Advice!
7 April 2019 | 15 replies
@James Wise I work in healthcare and am new to real estate.
Scott Eakes Turning a primary residence into a rental
5 April 2019 | 7 replies
@Scott Eakes--Fundamentally what you're describing is what @James Orr promotes with the Nomad investing strategy.
Justin Kestler Buy 2nd Multi-Family Vs. Renovate Current For Higher Rent
5 April 2019 | 10 replies
Originally posted by @James Wise:Originally posted by @Justin Kestler:Hello!
Cody Z. Financing strategies while waiting for BRRRR cash out?
9 April 2019 | 10 replies
HI Cody, A good strategies to implement:- business lines of credit because utilization up to your credit limits on these assuming they dont also report to personal trans/equi/exp bureaus will not affect your personal fico scores- obtain personal lines of credit and credit cards with no cash advance fee's too despite them possibly affecting your ficos because these can be the last line of defense if you really need quick capital- on each BRRR you do, try to get lines of credit on the newly created equity post rehab so you in your wake of BRRR deals you have more and more equity access to your properties fund subsequent deals in the future- a more advanced strategy is to utilize commercial blank lines of credit as they are larger and more efficient and can tie up multiple trust deed attachements and properties into one CLOC to use as opposed to have many small LOC's on each property- keep your DTI debt to income ratios low, keep your DSCR or global DSCR high (total cashflow over your total personal and business liabilites at 1.25X+) so that you're always bankable- work on personal ficos and personal credit as well just so you have flexibility to obtain capital/financing on either business or personal sidesHope that helps but that will set you free above if maintain within a comprehensive investing strategyBest,
Bryan Jacob Heilman Any Real Estate Investors in the San Joaquin County, lets network
30 April 2019 | 14 replies
@Jason James Thanks for reaching out!
James Chamberlain BRRRR Analysis Question
4 April 2019 | 2 replies
@James Chamberlain to answer your specific question, yes.