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19 December 2017 | 16 replies
Are they just selling the house or is it a package deal that is already setup with PM (if so I would want to find out what the clauses are like in the purchase relating to the PM company like if you are bound to use them, for how long, etc. and I would want to talk to them about their company, their terms, and their past/present clients)?
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21 August 2018 | 9 replies
Closed on the property with a land contract. 2) Put 15% down and amortized the loan over 7 years so a lot of equity could be built by the time the balloon would be due in 3 years.3) Contacted my normal mortgage broker through Guaranteed Rate, said should be smooth sailing.4) Made improvements on the property and the appraisal came in higher than my purchase price.5) I now currently have over 50% equity in the property.6) I have excellent credit and plenty of room with my debt to income ratio.but...My broker has exhausted every option to get this mortgage refinanced over the past 3 months of shopping my package around.
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20 December 2017 | 11 replies
The deal gets signed, the seller then places an offer on what they hope will be their new home and gets it under contract.Underwriting gets the buyer's loan package and only then starts to pull all the required paperwork, only to find (as happened to me) that the buyer works under the table and hasn't filed tax returns in YEARS.
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22 December 2017 | 7 replies
.- 3-4 months out: start going to future-comp open houses and get the disclosure packages from listing agents.
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5 February 2018 | 4 replies
4) If ReFi…would I do it one at a time or is it possible to package them up?
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9 February 2018 | 5 replies
I am looking to purchase a package of properties in Ohio.
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17 August 2018 | 7 replies
One method I like (at least in theory) that Michael Blank pitches is to create a sample deal package that is representative of a deal you would be doing.
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13 February 2018 | 2 replies
At this level of software, I dont think there is one that is what I want without getting a premium package like buildium.
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24 February 2018 | 37 replies
the key is to buy with enough upside, and be disciplined to pay back the HELOC, what I do is " package up" my free and clear rentals and pull lines of credit, then pay cash for the next deal, rehab, rent, and do a cash out to repay the HELOC.
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8 February 2018 | 2 replies
Hi BP, We just sent over an LOI on a 27 residential package deal in Ohio.