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9 July 2024 | 1 reply
This can be advantageous because it often allows for more flexible terms, such as lower down payments and sometimes even lower interest rates.
9 July 2024 | 2 replies
I'm considering short- or long-term rental but current demand is low due to the offseason.
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9 July 2024 | 5 replies
But does San Antonio have real long-term growth potential?
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9 July 2024 | 6 replies
Your thoughts and suggestions are greatly appreciated.Leticia My view is AB1482 requires you to negotiate with tenant any significant change of lease terms (loss of garage definitely a change of lease terms, loss of yard and construction zone may be change of lease terms) and your tenant can likely block your efforts.
9 July 2024 | 5 replies
We have some short term rentals and management that we are scaling in the area.
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6 July 2024 | 2 replies
This would be our first rental and I think it could be a good opportunity long-term, but it feels like there’s some red flags here.
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7 July 2024 | 27 replies
@Ryan Keenan You can only buy one property using your VA loan benefit.
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10 July 2024 | 6 replies
The way we look at it however is this sort of situation would be OK - but its a one time referral fee - any sort of arrangement with a long-term referral fee / borrower protection is reserved for true professional mortgage brokers - who like @Chris Seveney mentioned, would be doing more legwork on the deal vs. a simple and clean referral handoffvia CFPB on referral fees for business-purpose hard money loans:§ 1024.5 Coverage of RESPA.THIS VERSION IS THE CURRENT REGULATIONView all versions of this regulationSearch this regulationRegulation X(a) Applicability.
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9 July 2024 | 12 replies
Hi Robin,I do a fair bit of business as a lender in South Carolina; a lot of short-term rental investors tend to focus on the Charleston & Myrtle Beach areas, but if you are looking for properties that are still reasonably priced and don't mind some renovations, Columbia can be a great choice
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7 July 2024 | 1 reply
In other words, sufficient capital for the cash purchase of a property (plus rehab) and eventually refinancing the completed project to a long term loan.