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3 October 2021 | 5 replies
@Sherry Varg $50k minimum is pretty standard, but you'll sometimes see $25k or $100k.
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23 September 2021 | 5 replies
What does actually matter is that Realtors, including in all probability the listing agent of your dream house, think that FHA loans have these crazy absurd property standards making it impossible to close, or close on time, in 100% of cases.
25 September 2021 | 16 replies
Therefore, if your pressure drop increases (because internal static pressure is higher) flow rate will also go up (all else being equal) from your other, open registers.
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24 September 2021 | 4 replies
If so, you can probably drop the 20 day contingency but if not you definitely need it...Are you using a standard contract or your own?
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23 September 2021 | 0 replies
I am having trouble because it seems unlikely I can find something meeting the standard BP numbers of 1% rent and 10-12% cap (Turner's recommended cap, I believe).
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24 September 2021 | 8 replies
Is 30% down a standard down payment for commercial properties.Listing Price: $395,000Type: 6-Unit Multi-familyLocation: TennesseeGross Monthly Rents: $600/unitAnnual NOI: $21,600Down Payment: $118,500Rehab: $50,000Closing Costs: $10,000Total Cash Investment: $178,500
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10 February 2022 | 38 replies
Currently the Fed has a policy of buying unlimited mortgage backed securities, meaning there is no risk for a lender to originate loans that conform to Fannie Mae or Freddie Mac underwriting standards.
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3 October 2021 | 9 replies
@Adam Thomas Welu the quality of turn-key companies can vary a lot, Here are some key things to look for.In general, the ones to avoid are the ones that: Don't allow financing or a finance contingency (it can be a good indication they are selling above market value) Don't allow for your own independent property inspection Are not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors) Require you to pay for any renovation upfront Sell only in cheap. low end neighborhoods Don't accurately represent the neighborhood/property classification Don't have consistent rehab standards for all properties Don't provide a scope of work for the property Can't provide references of repeat investors
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25 October 2021 | 5 replies
We own our primary residence, have always taken the standard tax deduction, have 4 children, one graduating high school this year, have never owned a business, don’t know what could possibly be written off or what needs to be saved throughout the process, and would prefer to have a cpa and attorney assist with the set up of an LLC to ensure we’re getting the most tax benefits and asset liability protection as well.
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29 September 2021 | 30 replies
The International Monetary Fund (IMF) has published the results of research conducted into how lenders are likely to be doing their business in the future, and what new information and personal data these companies plan to start asking from borrowers in order to determine their credit score.The biggest takeaway is the seemingly inevitable shift from merely accessing credit information to also incorporating people’s online behavior into the process of deciding whether to lend them money necessary, for example, to buy a house.Compared to the way the system now works in most countries – these changes, which are expected to be coming soon, look fairly invasive privacy-wise, and with no “vision” of proper safeguards.