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6 October 2016 | 6 replies
Everything will make sense and fall in place for you to move forward with a decision at the point.
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30 August 2016 | 6 replies
Thanks Neal.As far as going in 50/50 with a partner, I suppose if it were a matter of just the amount of cash I wanted to put up then that would make sense but it's more a matter my ROI and then the amount of cash I'm investing.
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2 September 2016 | 5 replies
All common areas that your tenant will be reasonably expected to use must be done.
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2 September 2016 | 5 replies
You can't do a subject to on a short sale ( that doesn't make sense. ) You can do a subject to on an underwater property, this may make sense in limited situations.
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17 September 2016 | 12 replies
They have done it, they are continuing to do it, and from their perspective, it makes perfect sense.
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4 December 2016 | 47 replies
Having a separate checking account for each house just doesn't make sense at this level, so am I just stuck manually figuring out what house each charge goes to or is there a better way?
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28 May 2018 | 1 reply
I have been told that the common areas such as the hallways, stair cases, any outdoor lighting have to be put on a separate meter when renting out a multifamily home.
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30 August 2016 | 6 replies
Examples of income of this type include income from hourly workers with fluctuating hours, or income that includes commissions, bonuses, or overtime.History of Receipt: Two or more years of receipt of a particular type of variable income is recommended; however, variable income that has been received for 12 to 24 months may be considered as acceptable income, as long as the borrower’s loan application demonstrates that there are positive factors that reasonably offset the shorter income history.Examples of positive compensating factors that we like to see (1-3 will generally do it)...Employed in same line of work.Makes sense from a common sense perspective, like someone is returning to the workforce after being a stay at home parent for a while.Recently finished some training or education program that lines up with the new line of work.Low DTI.Great credit.Income trending upwards.
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13 September 2016 | 9 replies
I have seen folks try for years to find these mythical private lenders and never do a deal because they can't raise a dime.what the OP is looking for is an asset based lender.. and those are not very common anymore.. especially if you have to find one on the internet means you don't have a track record and have little to no chance of finding anyone who is going to 100% your deal.. unless its just such a low LTV that they are making the loan with a better than 50% chance of owning it when the borrower can't pull it off because the borrower is not experienced and can't execute.
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31 August 2016 | 15 replies
@Darrell Shepherd I've commonly heard of 90 days before you could sell it again and profit "x" amount from it, but 60 would be even better.