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12 March 2024 | 40 replies
That is average for my location.
13 March 2024 | 70 replies
Gives the seller a secured position and honestly, is a great selling point.
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12 March 2024 | 17 replies
"For purposes of enforcing the due-on-sale (or due-on-transfer) provision, if any, in the security instrument, theservicer must consider all of the following situations to be a transfer of ownership:- the purchase of a property “subject to” the mortgage loan,- the assumption of the mortgage loan debt by the property purchaser,- any exchange of possession of property under a land sales contract or any other land trust device, and- in cases in which an inter vivos revocable trust is the borrower, any transfer of a beneficial interest in thetrust."
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11 March 2024 | 3 replies
I'm still learning about what's realistic and possible, so I don't have this number yet- minimize taxes- protect liability exposure- if SDIRA is the right answer, the fees for custodians looked high - but moving the money will means saving my capital against market loss in my current Roth at the next downturn, so maybe the fees pay for the added security and additional benefits of REI.It's helpful to write this out.
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11 March 2024 | 3 replies
The correct answer is have 6 months of rent plus a regular security deposit held in escrow with the title company.
11 March 2024 | 1 reply
Hi Jon,If the HELOC is already secured and the cash is liquid, you don't need to do do processing and origination activities as you would with a typical flip loan.
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11 March 2024 | 4 replies
Hi everyone,Navigating through BP, I was able to locate lease agreements between Landlord and Tenant but nothing in regards to Property Manager and Owner of the property.
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11 March 2024 | 152 replies
By doing so, we have made several of our investor friends financially secure & some also opted to retire early.
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12 March 2024 | 250 replies
You're SOL; the lender is secured.