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20 February 2024 | 14 replies
The draw back to these loans is that they are more paperwork heavy than the other "portfolio" types of loans....but if you have ever received a loan on your primary home, it's likely that you will go through the same type of paperwork here with conventional lending.
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21 February 2024 | 6 replies
They typically work their local market and have more detailed estimates.
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21 February 2024 | 9 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
20 February 2024 | 2 replies
He finds the attorneys or appointed agent of record as well as their contact information the moment the information gets published from the municipalities so you're the first call/email the agent receives.
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21 February 2024 | 3 replies
Properties with significant equity and have a mortgage on it the mortgage company typically pays it so they do not get wiped out.
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22 February 2024 | 13 replies
Here in WA, the grant (from the bond program) on conventional loans is 3% of the first loan amount...bringing the total required down payment to just over 2.15% typically...which is lower than FHA 3.5%.
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21 February 2024 | 94 replies
That's a very typical scenario in NYC, for instance.
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22 February 2024 | 11 replies
Local laundry mats typically have wash and fold services and there's a few companies that operate in larger cities that have laundry pick up and drop off services.
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21 February 2024 | 1 reply
We sold our condo via seller assist October 2023 with a five year balloon payout and received 20% deposit at closing.
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21 February 2024 | 7 replies
This will allow you give a reference point on how much potential rent you can receive.