20 March 2018 | 4 replies
The 1031 process starts with the sale of your old property and a qualified intermediary must be in place prior to the sale to document and hold funds.
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21 March 2018 | 2 replies
Every time money exchanges hands, typically two people are happy about it and have accomplished a goal.Your second ressource is energy; this includes your creativity and your negotiation skills and what some people call financial engineering - aka putting deals together.
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23 March 2018 | 7 replies
If I have properties, but they are not in an LLC, does that still qualify as a company or self-employment?
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21 March 2018 | 9 replies
We have also seen them set up 401k's for client's who did not have and did not plan on having qualifying ("earned") income.
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16 March 2019 | 10 replies
Some properties on the NW side that I was interested in qualified for this.I understand that 2-flats and maye 3-flats don’t cash flow often, and I think that’s OK for me right now.
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23 March 2018 | 9 replies
If you qualify, there are better options than FHA with its high costs of financing the FHA MIP on the loan amount and the monthly MI.Look at 1% to 3% down programs with closing costs paid for buyer
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5 April 2018 | 14 replies
Kerri - thanks for the post ...consider 2 steps :1) refinancing the FHA loan to a conventional loan to eliminate the FHA mortgage insurance ..the note rate might be slightly higher than your present 3.875% rate but the removal of the FHA MIP will likely leave you with a significantly lower payment that you have now .2) use a HELOC ( home equity line of credit ) to payoff whatever other debts need to be consolidated .....the required payment on these are " interest only " payments so try to make a larger than required payment so the line balance can decrease ......rates are in the 5-7% range ....interest paid no longer can be written off .......most lenders will go to a 90% cltv ( combined loan to value ) level on these ( as long as you qualify)
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23 March 2018 | 6 replies
"Deciding" to artificially lower these amounts in order to qualify for a mortgage is otherwise known as mortgage fraud.
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22 March 2018 | 19 replies
Presented me with 3 finalists, all qualified.
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12 April 2018 | 23 replies
Chris, to qualify for VA you have to be able to intend to live in the property for at least one year.