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9 September 2024 | 46 replies
I think it's odd that non-VA 100% financing is so underutilized.
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4 September 2024 | 39 replies
(Other financing arrangements might be possible.)You can only obtain one home equity loan per year, even if you have fully paid off the prior home equity loan.Regulation of LendersTexas restricts who may lawfully issue a home equity loan.An unlicensed person is not permitted to make a home equity loan unless that individual is either related with the borrower to the second degree, or is the seller and is providing financing for the property.A home equity loan must be secured only by the home itself, and the lender may not attach the loan to any additional assets as collateral.
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6 September 2024 | 14 replies
And speaking about retail, you also have other real world issues that can impact things: co-tenancy requirements, use restrictions, etc, that may not be an issue with the current tenant lineup, but can certainly impact your ability to fill vacancies or maintain occupancy as tenants roll.And to address what seem to be your follow-on questions for people: there is no exhaustive list.
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3 September 2024 | 1 reply
Especially if it an odd sized door that Home Depot or Lowe's doesn't carry in stock and requires a special order.
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2 September 2024 | 2 replies
Get it done , if for some odd reason that fuse were to blow , odds are you may have to wait for a replacement fuse .
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2 September 2024 | 2 replies
Seems odd that they would.
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4 September 2024 | 10 replies
However, downsides include regulatory restrictions on bank lending, many institutions that restrict concentration and geographies, and other headaches and issues that arise when dealing with a slower-moving bank.DSCR loans are the option that has completely changed the BRRRR lending landscape in the last few years.
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6 September 2024 | 79 replies
Odd, as our facebook page has a few dozen.Third, if you don't want to do a membership based version of creative funding, you have plenty of alternatives.
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3 September 2024 | 1 reply
The suburbs of Syracuse also present many opportunities, with most municipalities having lesser restrictions for rental properties.
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5 September 2024 | 4 replies
Borrowers are not allowed to complete any of the work themselves as sweat equity.Loan to Value Calculations:The original principal amount of the mortgage may not exceed Fannie Mae’s maximum allowable mortgage amount for a conventional first mortgage.Purchase: For a purchase money transaction, the LTV is determined by dividing the loan amount by the lesser of the “as completed” appraised value of the property or the sum of the purchase price of the property and the total rehabilitation costs.Refinance Transactions: For a refinance transaction, the LTV is determined by dividing the original loan amount by the “as completed” appraised value of the property.Eligible Renovation:There are no required improvements or restrictions on the types of repairs allowed.