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25 February 2024 | 3 replies
Now questions it would answer a year ago are suddenly “racist” and “invasion of privacy”.Looking to have AI technology to answer the following questions with non-woke answers:What’s the median home price of [city, state]?
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28 February 2024 | 9 replies
Not only haven’t there been any bad, non-performing properties, there just haven’t been any multi family properties in my markets in months.
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28 February 2024 | 7 replies
Many carriers are non renewing.
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28 February 2024 | 3 replies
@Jack LittleThere are standard templates from Fannie Mae but I would have an attorney draft these documentsThey can be held (the lender) through a deferred retirement account but make sure you are using a third party servicer to collect payments
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28 February 2024 | 6 replies
I would look into a DSCR loan option it will require 15-25% down depending on the lender but it's based off the asset and if it debt services rather than based off the individual.
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28 February 2024 | 9 replies
This is an example of a non-appreciating "asset". https://www.zillow.com/homedetails/785-Dallas-St-Memphis-TN-...Sold in '01 for ~$10kSold in '02 for ~$55k (That's awesome appreciation or an unsuspecting buyer geting ripped)Sold in '04 for ~$61k (I would suspect foreclosure sale here as it quickly sold again for substantially less)Sold in '04 for ~$21k (This is probably it's actual value and someone in '02 got ripped off)Sold in '23 for ~$26k for an appreciation of ~24% over ~twenty years that's roughly 1.2%/yearThis is a random house on Zillow: https://www.zillow.com/homedetails/766-Neptune-St-Memphis-TN...Sold for ~$98k last May and sold again last week for ~$40k.
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28 February 2024 | 8 replies
They have no choice, I sell to non-qualified buyers (They have a down payment but can't get a bank loan).Single member LLCs default to pass through taxation
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27 February 2024 | 2053 replies
I was wondering if a non recourse loan would be the way to go.
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29 February 2024 | 14 replies
You've been paying a lot for a long time and I thank you for your service there @Theresa Hansen 👍
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26 February 2024 | 4 replies
From some additional research, it seems that Texas is a non-disclosure state, which could be the reason why there isn't that much information out there.