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3 April 2024 | 14 replies
Here is my understanding... the underwriter was a hard money lender who required the house to be put into an LLC initially so that he could use the estimated "rental" income as the way to get approved for the loan.
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2 April 2024 | 2 replies
Our experiences taught us about equity, the intricate dynamics of neighborhood politics, and the resilience required to offer comfort and shelter in the face of adversity.The property became a haven for individuals and families striving for a better future—students pursuing higher education, young professionals embarking on their careers, and families caring for loved ones.
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1 April 2024 | 7 replies
Yes, I'm a noob, but I've only ever heard of PMI coming off once you satisfy equity requirements.
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1 April 2024 | 48 replies
Texas doesn't have a state general contractors license; plumbers, electricians and HVAC are required to have staye licenses.
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4 April 2024 | 32 replies
Please note that I will require you to refinance the property in your name - I will not be on the mortgage following the sale.
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2 April 2024 | 9 replies
Similar to signing a listing agreement before listing a house for sale with an agent, a buyer representation agreement is now required when working with a buyer's agent.2.
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2 April 2024 | 5 replies
If it's a primary residence (house-hack) you can go as low as 3.5-5% down but these loans typically require the residence to be in a decent condition.
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2 April 2024 | 45 replies
Buying a $100k-120k house that requires renovation for someone that has no experience renovating or operating in that out of state market is a great way to set a pile of money on fire.
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1 April 2024 | 7 replies
Some parks require older ones to be moved when they sell.6 - Is it a family or senior park?
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1 April 2024 | 10 replies
There are lending programs where you can purchase 2-4 units with as little as 5% down payment, however, this program will require a minimum FICO score.