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15 December 2016 | 6 replies
You can exchange into a more desirable property and you can enhance the terms of ownership.
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15 December 2016 | 2 replies
The current process is a bit of a pain with little reward until the end, I kind of think that it would be nice to recognize leaping some of the many hurdles we are currently required to set out.This is a really rough draft, but as a bunch of people who have previously gotten mortgages I wanted the community's feedback on this set of proposed Achievements to Unlock while in the process of buying a property.Imagine animated giant green check-boxes or thumbs up appearing as you complete each one:Preapproval Process StartedAsset Package SubmittedIncome Package SubmittedCredit Package SubmittedInvestment Property Package SubmittedE-consent to e-Disclosures SubmittedLO PreapprovalUnderwriter PreapprovalContract RatifiedE-Disclosures SignedAsset/Income/Credit Package UpdatedEarnest Money Deposit DocumentedAppraisal OrderedHomeowner's Insurance SubmittedLoan Conditionally ApprovedApproval Conditions SubmittedSatisfactory Appraisal Rec'dFinal Loan Estimate SignedClosing Disclosure SignedCleared to CloseDocs in TitleCash-to-Close Sent to TitleFunding Conditions SubmittedLoan FundedAmerican Dream UnlockedI know that they aren't in the order that might be preferred by the consumer ("why can't I just do those first 10 all in a single setting?")
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28 December 2016 | 1 reply
I've known a few people who paid a small flat rate and gave bonuses based on getting units filled (which is the most time consuming part IMO, showing and screening tenants) and they also gave similar bonuses when a tenant stayed and renewed a lease.
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1 January 2017 | 4 replies
I have the cash to buy the property all out, but I really want leverage because I don't want to consume all my cash on this deal and it juices the COCR.Original Ask: $49kInitial Offer: $40kTheir counter-offer: $44kMy counter-offer that was accepted $42k.This is from an estate sale listed on MLS for a 3/1 SFH 865 sq. ft,1950Rent after installing washer and dryer and re-painting interior will be about $950/mthAnyone got any good mortgage broker recs?
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3 January 2017 | 8 replies
Here's the information: http://www.cslb.ca.gov/Consumers/Know_Risks_Of_Owner_-_Builder/What_An_Owner_-_Bulder_Is.aspx
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3 January 2017 | 11 replies
And it was clear then their proforma numbers left out the 20K a year loss due to paying all the utilities. on an 8 unit building in Alaska...I'm finding the task of finding and dealing with MF investments to be unreasonably time consuming not to mention frustrating and extremely risky.
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21 January 2017 | 97 replies
As a consumer....I typically look on VRBO when Im looking to rent things like lake houses.
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12 October 2016 | 15 replies
The problem often lies in uneducated consumers taking the Zestimate as gospel, which was never Zillow's intent.The Zestimate a very useful data point if you take the time to understand what it represents.
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20 October 2016 | 24 replies
Balance sheet looks better andcredit is enhanced.4.