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16 June 2022 | 2 replies
If the former, you still might be able to do the same thing but will need to obtain consent from the seller.
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22 June 2022 | 3 replies
Hello Everyone,
It has been a long time since I logged in here. I currently invested on a vacant land that allows a mobile home (double wide). I wanted to get the address of the mobile home owners in the area to l...
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26 July 2022 | 13 replies
These notices are required by the Fair Credit Reporting Act, and the applicant can obtain a free copy of their reports from the reporting agencies.
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25 July 2022 | 3 replies
So how bout small Multi family ( duplex’s or triplexs) does anyone factor in the rental value of unit to determine a price to purchase or sell.. for example let’s say you inherit tenants with an out dated at apartment 30% below market rent value.. are you considering that factor into the value of the property when negotiating a price point with the seller…we know realtors would tell you can raise the rent in the future… but for me am thinking the actuals now are below value and I will obtain a loss in the beginning of the purchase…anyone has experience similar situation.. honored to hear your input
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29 June 2021 | 3 replies
We bought them all for cash; we currently 80% occupied and generating plenty of cash with no debt and very low operating costs.We'd like to obtain a LOC for our business, a portfolio loan, etc in order to keep bringing new properties into the portfolio.What we are running into is that most of the portfolio is potentially under 75k per unit, but what caught me by surprise is the number of lenders who liked us either for a business LOC or portfolio loan but had residency requirements (of course we have local managers of all of these).
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23 March 2022 | 1 reply
I've reached out to my personal contacts as it pertains to obtaining LPs and have soft commitments for various projects.
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30 June 2021 | 5 replies
I'll be taking my Georgia Real Estate Agent Courses in a few months, September through October 2021, then obtaining my license.
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24 August 2021 | 7 replies
For 3 and 4 unit properties, FHA has a self-sufficiency rule that the property must pass in order to obtain financing.
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22 March 2022 | 3 replies
So far, I've obtained my buy and hold rental property, a duplex I'm house-hacking.
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19 April 2022 | 2 replies
The lender could not enforce a due on sale clause because a transfer to a spouse is one of the federal exemptions to enforcement of such clauses.Regarding a potential divorce, you could enter into a post-nuptial agreement as to this specific property.As to your last question, you could either modify the HELOC, refinance it and obtain a larger loan, or get a third mortgage.