Francine Geike
Divorced low income assume loan of home selling investment property
8 November 2024 | 3 replies
This is a perfect time to get your qualified intermediary involved if you don't already have one.
David Ricketts
**First Deal: Exploring Mortgage Assumption and Negotiation on a Competitive Property
8 November 2024 | 14 replies
If in Texas, a lease purchase option longer than 180 days without consent from the lender to receive payment from the tenant/buyer is not possible.Also, you can assume the obligations of a VA loan -- it is a non-qualified assumption - meaning the lender is not qualifying or approving of the assumption.
Paul Sanders
HOA CC&R's written in 1998 now being used to prevent STR's, what to do?
11 November 2024 | 7 replies
For curiosity I asked Co-Pilot about it and got this response:The language in your CC&Rs stating that “no business or bed and breakfast is allowed” can indeed impact the interpretation of short-term rentals, but it may not be as straightforward as it seems.Definition of Business: Courts have often ruled that short-term rentals (like those listed on platforms such as Airbnb) do not necessarily qualify as a “business” in the traditional sense.
Sara Robin
How can I get a mortgage loan without a current income?
6 November 2024 | 9 replies
Thanks so much for your help in advance I would see if you could do a rent to own or seller finance. you are going to have trouble getting financing without income for a primary residence as the lender has to follow federal guidelines and your ability to repay - which if you do not have income that makes it challenging to qualify.
Matt R.
Bitcoin is 10k again what are you going to do now?
5 December 2024 | 554 replies
I have no education qualifying me to even pretend like I understand the true value of each coin.
Ted Freemyer
Has anyone use Launch Financial Group for DSCR on STR?
8 November 2024 | 19 replies
My customer went to them 1 month ago with property criteria and was told they could do the loan no problem; only to be told days before closing the property does not qualify.
Beverly Lafia
Nightmare Tenants that is always pushing the boundries
8 November 2024 | 17 replies
Abatement would qualify.
Christian Gibbs
Can’t find renters for our 3 bedroom in a rural community: Should I put it on airbnb?
7 November 2024 | 30 replies
I use Facebook groups a lot but vet the contacts that I find there with caution..we do have a property manager at moment .She has had no luck yet finding viable qualified tenants unfortunately .
H. Jack Miller
Are you experiencing highers Evictions and Lower Rents?
5 November 2024 | 17 replies
I own and manage mostly class B and B+ single family homes and condos, but I have heard that evictions have ticked up in class C, that’s one of the problems with chasing cash flow is getting into class C and dealing with a tenants that are not as well qualified and higher risk of default to begin with.
Jill Keller
Mortgage for LLC
6 November 2024 | 5 replies
Instead of using your personal income, employment history and DTI to qualify, a lender would look at the income or potential income of the property to make sure it cash flows after taxes and insurance are accounted for.