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Results (3,280+)
Ross A. I need a conventional loan using my IRA funds
10 September 2021 | 5 replies
@Ross A.When your IRA borrows, special considerations apply.The debt instrument must be non-recourse, meaning no personal guarantee from you.  
William Blair Personal experience with PPR Note Fund
6 September 2019 | 47 replies
@Steven HuYep, that's correct.They're really just different asset classes.Our liquidity fund is backed primarily by 1st mortgages (which are backed by hard real estate), whereas a bond fund is backed by debt instruments.
John O'Sullivan If a property has used all depreciation, What is the next move?
9 August 2017 | 9 replies
Sell and 1031 and go into a passive instrument like a TIC.  
Kendall Bond Quiet Title Action Attorneys Needed
3 February 2016 | 27 replies
The quiet title action is used as a legal instrument once the tax title deed is issued to then clear any title defects that may still appear in the "chain of title" that are attached to and encumbering the property from the former owner or other creditors.If the point is to get around the due process rights of an individual during the redemption period, I would be extremely cautious and consult an attorney in the proper jurisdiction as to whether what one is attempting to do is even legal.
Issay Gonzalez when to open an LLC ?
11 January 2021 | 3 replies
RodriguesThere is some language from Fannie Mae in the following passage of D1-4.1-02a limited liability company (LLC), provided thatthe mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, andthe LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).The servicer must notify the borrower that a property transferred to an LLC must be transferred back to a natural person prior to any subsequent refinance application in order to meet Fannie Mae’s Selling Guide underwriting requirements.https://servicing-guide.fannie...It doesn't seem like you can close in an LLC, but you can possibly transfer it over immediately after the close.
MIke Hewitt Investor Wrap loan from Investor Loan Source for Texas property
18 April 2018 | 7 replies
Legal wrap that is a good one.. take out the alienation clause and there you go.. one simple sentence removed from the debt instrument and you have a whole knew lending programfor long term buy and hold 6 and 8 is not bad really.. if you can't get conventional.. its on the lower end of what i know or see.. as long as the 6 is it.. and they don't add on another 3 to 5k in junk fees.what many don't get when they shop loans is they focus on points when in fact many lenders make more money on the junk fees as the points.. small balance loans will have 8 to 10% when you add in points and junk fee's thats what i see on all the huds i look at during the week.. might be 1.5 or 2 points but then 3 to 4k non recurring lender set up and junk fees
Michael Ouvrard From 0-4 Houses in 3 Months!
4 December 2016 | 65 replies
She has been instrumental in furthering my education in REI by giving me the real-life, hands-on experience that accompanies this field that the books just can't teach you.
Robert Cummins does a retirement loan count in my debt to income ratio
5 June 2016 | 4 replies
—as security for a loan, the borrower has a contingent liability.The lender is not required to include this contingent liability as part of the borrower’s recurring monthly debt obligations provided the lender obtains a copy of the applicable loan instrument that shows the borrower’s financial asset as collateral for the loan.
Luis Saez Dollar collapse
16 March 2014 | 21 replies
I am aware that other countries are beginning to walk away from using the Dollar as their financial instrument of choice to close deals of whatever nature.
Corey Gentry Need Advice !!!
17 February 2011 | 51 replies
So, in essence its much "cleaner to operate out of a corporation, which if set up properly, intrinsically has all these instruments already incorporated.