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24 August 2016 | 6 replies
And you need at least 20% equity as conventional loans are usually 80% LTV.The benefits are getting a lower interest rate, at least with the rates we have right not, and getting rid of Private Mortgage Insurance, PMI, which is about $220 a month for me.
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24 August 2016 | 3 replies
Can anyone recommend an investor friendly Title Company in the area?
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28 August 2016 | 6 replies
Insurance will also be higher (I own a 5 unit).The deal itself isn't the best, IMO.
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25 August 2016 | 2 replies
I am selling a property in Baltimore this week and I would like to use a title company/lawyer or loan originator familiar with contract for deeds in Maryland.
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19 February 2021 | 13 replies
If you have a well-maintained unit in a decent area, your tenants will want to stay, even if the increase is substantial and it is within market rent.BTW, prior to purchasing, ask the owner for copies of the most recent utility bills, tenant estoppel certificates (signed paper from tenant stating financial terms of the lease) and CLUE report ( A report that lists if any insurance claims have been filed against the property in the last 7 years) to ensure property is insurable.
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26 August 2016 | 7 replies
Someone who does insurance for rental properties, who understands our true best interest.
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8 September 2016 | 4 replies
Phillip Thatcher, PresidentLandlords Association of Eastern Jackson County (LAEJC)PS: Don't forget to encourage people to contact their bankers, insurance agents, accountants, real estate agents, contractors and other landlords.
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24 August 2016 | 5 replies
If owner, then here is your decision tree:Buy with sub2, and then hold and rent, sell as a lease option, or sell on terms to someone else (you could also list it if you wanted to, but I doubt you'd have success when the owner didn't unless the agent is at fault).If collect one time assignment fee, then here is your decision tree:Put property under contract to buy (with this, you can put the property under contract as sub2 and assign sub2 deal to someone, or assignable contract for deed, or assignable lease option).If you have the option to go either way, and you're local to the area, then there are more advantages to buying with sub2 (or being on the deed via a mortgage wrap, because then you have equitable title and you're not assigning - no one can ever start an unlicensed broker investigation on you if you're on title).So which exit strategy sounds best to you?
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27 August 2016 | 12 replies
Then if she qualifies for the amount you'd be willing to sell for I'm sure a local title company can help you with a contract.
24 August 2016 | 1 reply
Hi everyone, There's a lady that wants to sell me her house and after doing some research, I found out she's facing foreclosure. I noticed the deed was assigned from Fannie Mae to JP Morgan back in 2014. Foreclosure w...