24 February 2019 | 4 replies
I have a conventional mortgage under my name that I got before moving the house to the LLC.Now I want to move house back to me briefly to refinance the mortgage, because conventional lenders do not lend to LLCs.
23 February 2019 | 0 replies
You can refinance down below the conventional 20% equity lenders are limited to- Patch of Land (https://patchofland.com/), for both accredited and non-accredited investors, focused on up-and-coming neighborhoods, typical loan APR of 9-10% and LTV of 70%- Fundrise (https://fundrise.com/), for both accredited and non-accredited investors, advertised as better returns than a REIT, indicates the exact properties in the investment fund, $500 minimum- CrowdStreet (https://www.crowdstreet.com/), only for accredited investors, single property CRE equity crowdfunding
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10 April 2019 | 9 replies
Hey Randall, Are you looking commercial or conventional financing?
6 March 2019 | 4 replies
For instance, if the farm has "hot assets" (e.g. unrealized receivables, substantially appreciated inventory, etc) your FIL would have to realize ordinary gain from the sale and can't defer that through installment.A Sec 754 election needs to be discussed as well if you're buying out your FIL's interest but your BIL is staying on.A good CPA is going to cost you, but will save you far more than his/her fee by doing things correctly and efficiently."
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6 March 2019 | 8 replies
Do you know if it was Fha, VA or conventional?
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18 February 2020 | 7 replies
You could also consider finding a single family with a walkout basement, adding a kitchen to the basement, and either using the basement as a conventional or short term rental.
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10 March 2019 | 59 replies
this subject has been talked about a bunch on BP.. why do people sell cash flow assets.the argument that they must be selling the dogs and keeping the good ones is not reality.I have been funding turn key companies for going on 20 years now.. they sell almost all their properties.they are in the business of buy rehab and sell.. they are not in the landlord business per se.. now some will have some properties but its not their goal to own hundreds of homes.. its hard to finance all of those first off.just like me who builds new homes why don't I keep them all.. well because I want to sell them that's my inventory to sell just like anyone else and I make more on one sale of a new home than I would with 20 years of cash flow at 200 a month.. so its what I choose to do..
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5 March 2019 | 42 replies
Now that I think about it, you should make sure that the non-owner occupied percentage of the complex allows for conventional lending.
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6 March 2019 | 10 replies
We'd take out a conventional loan of some type.
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5 March 2019 | 7 replies
Mine as well use up all your conventional possibilities before going straight to commercial, as the terms are setup to favor the banks as usual, and not the business.