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4 March 2019 | 0 replies
This also apparently is a 'commercial loan' , with 20% down, 25 year loan, and ARM with refinancing every 5 years.I've been given data on income/expenses over the last 3 years for this particular unit, along with data from our lender.
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6 March 2019 | 5 replies
There are many investors who will use the land trust strategy, purchasing a property in their personal name prior to transferring the property into a land trust (does not trigger the due on sale clause) prior to assigning it to an LLC for liability protection.
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5 March 2019 | 6 replies
Focus on the expenses and the cash flow based on actual data (or as close as you can get) and let all the other benefits of REI be icing on the cake.Wholesaling is a world unto itself, but for buy and holds, I always recommend that investors (esp new ones) focus on B/B+ areas where folks like nurses and teachers and skilled laborers work, places regular folks want to raise families etc.
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5 March 2019 | 3 replies
I feel like this is one of those “what you feel is right, is right” moments, and I have been increasingly feeling like it’s time to say see ya, but the data doesn’t besides this one month.
8 March 2019 | 15 replies
Then they might break down more, Industrial for example - R&D, Data Centers, Distribution Centers, Manufacturing (all types), Cold Storage, Storage, Hazmat Storage, etc.
7 March 2019 | 3 replies
Hello,I'm wondering if people 1) use Automated Valuation Models (AVM) in the small-medium size mulitfamily space to spot under-valued properties by comparing the AVM price (the predicted appraisal value) to the list price (or the price you think you could reasonably buy the property at) and buying at a large difference (e.g. the Zillow Zestimate or Enodo: https://www.enodoinc.com/e-valuation.html) and 2) use any software to make a data-backed prediction of the ROI of various repairs for a BRRR approach (e.g.
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5 March 2019 | 0 replies
Hey yallanybody know much about the process or methods behind school boards combing through LLC transfers to notify the county auditor to manually increase taxes?
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5 March 2019 | 1 reply
Hey yallanybody know much about the process or methods behind school boards combing through LLC transfers to notify the county auditor to manually increase taxes?
6 March 2019 | 2 replies
Most are set up to help you virtually and will use secure document transfer and electronic communication via email, Skyle, etc to communicate with you.
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5 March 2019 | 11 replies
Sherelle – thanks ..there are several versions of the 3 % conventional program…there is one that requires income being below county income limits ( see link below ) and there are also programs that do not have the income limitationThe income limit look up is here - https://homeready-eligibility.fanniemae.com/homeready/Pre-approval is open ended with no expiration date ..we can update data in your file as needed ….credit report does need to be rerun every 4 months …Data needs for pre approval is faitly easy and straightforward ..see checklist 2 most recent bank account statements 2017 2018 W2s 2 most recent paystubs 2016 2017 tax returns ( 2018 when available )Copies of driver licenses Completed loan application and signed initial loan forms I have emailed you the same information too .