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30 March 2018 | 25 replies
Sounds more like charity on th epart of a landlord willing to take the risk.Obviously for any landlord with pre-set screening standards new immigrants would never qualify.
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26 March 2018 | 6 replies
I am personally treading water in this area as I have a property I want to use for a non-permitted use.You also mentioned using your retirement funds - if these are in a qualified plan this opens up a whole new can of worms.
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27 March 2018 | 4 replies
They let you count the income from the other 3 units as qualifying income.
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26 March 2018 | 2 replies
The kicker is, I really don't have the ability to put skin in the game.
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12 May 2018 | 78 replies
This rental has been on the market for 15 days and after 48 leads no one has qualified.
29 March 2018 | 8 replies
A buyer normally is willing to pay a higher interest rate since they may be looking for owner financing due to difficulty qualifying with a institutional lender.I have obtained a much higher interest rate than what I would receive in any bank.I have also used the same process with a buyer by giving him multiple notes with each secured by its own mortgage.
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28 March 2018 | 14 replies
I am excited to make that a reality and hope that some of you on this board can assist along the way (and vice versa).
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10 April 2018 | 2 replies
Let me ask this;For instance I own a home worth $300,000, and over a couple of years I pay down on loan and own $150,000 in equity, or 50%($150,000) let’s say I want to cash-out-refinance, and get like 80% of that $150,000 cash sum loan, now, let’s say if I use that towards another mortgage, will I really qualify for 3 loans at this point?
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26 March 2018 | 0 replies
We called duct pipe company checked and stated no leaking of duct pipe but saw the leaking on roof.So we filed company against roof company to roof board.
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29 March 2018 | 2 replies
For this scenario, let's say the home we currently live in is worth $240k, the current warehouse rental is worth $350k, and the upcoming warehouse will be worth $300k.The new home price would be somewhere around $400k so I would like to have around $100k to use towards a deposit, and then once we get in, then we sell our current home and take that $240k and put it towards the new home (probably as a refinance to get the best rate/payment).I currently don't have a loan on the current warehouse mainly because I wasn't sure of any loan programs that I would qualify for at the time I bought it.