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31 May 2024 | 1 reply
Also as an LO you typically fall under the licensing of the lender itself
1 June 2024 | 7 replies
Just thinking what other investment options are in other States besides FL.
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1 June 2024 | 4 replies
If the lease says rent is due on the 1st, I would give her the option of following the lease or moving out.In the future, every offer to purchase a property with existing tenants should include a request for an estoppel.
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31 May 2024 | 7 replies
Anything less than 1500/month that is a solid property and decent location will typically move in under 30 days.
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31 May 2024 | 6 replies
Even looking at the balanced rate (which I feel like is hard because the terms are different) along with the potential to have the monthly payment/fees covered, it feels like a cash out is a better option if we did want to keep this.Part of the current struggle is that the market was hit harder from the rate increase so sales are almost at a standstill and even with trying to sell the house, the rental market is doing substantially better because most military cannot afford to purchase in this area as the payments are over 6k/mo for buying vs 3-4k/mo for renting.Any advice is most appreciated!
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1 June 2024 | 12 replies
I agree that if you can find a handyman, that's your best option, though.
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29 May 2024 | 7 replies
Origination fee, processing/UW fee, and maybe the appraisal are typical.
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31 May 2024 | 11 replies
Also, 30-day notices are typically legally required to cover the regular term of the corresponding contract.
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29 May 2024 | 6 replies
The only other option if buying turnkey is to do a small portfolio loan.
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31 May 2024 | 12 replies
Current remaining mortgage is 528k @4.375 VA.Some of the options include:Re-rent at a $600+ negative cash flow.