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27 February 2020 | 5 replies
After 9 months I Refi the property with Eclipse bank ( smaller bank)(closing cost 3k) ran into a 1 problem the house had gas heaters that count as space heaters in the home appraisel so the underwriter would not approve unless we had HVAC, so I went through with installing the Hvac bc I plan on moving and section 8 this house (6k) the house appraised at 139k, I have no $ in this deal and 30K in equity, 2/18/2020 complete1. make sure you find a loan officer that is knowledgeable, upfront, and credible (they stick to what they say) I didn't like either bank I did business with ( I will try a different bank next time)2. make sure you know the credit score it takes to get a refi usually the better the score the less it will cost you3. make sure the bank that you choose gives you the ARV of the home not what you bought the home for and how much you put into the home4.
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28 February 2020 | 7 replies
You should verify that you are eligible to transfer the funds from your existing retirement account (e.g. if the funds are in your current employer 401k, you will likely not be able to transfer until you quit your job).Considerations in Choosing a Solo 401k Provider:1.
27 February 2020 | 0 replies
Last year I utilized Patch of Land to refinance a loan and ended up with a loan by Cohen Financial a Division of Sun Trust. The rates were relatively high but I was in a pinch to do a refi so I went with it.
Everyth...
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28 February 2020 | 1 reply
Either way we choose a structure that would give a balloon payment 3 years down the line figuring that I could get the asset performing to that level by then to make the numbers make sense.
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10 September 2022 | 27 replies
I don't recommend any coaches and that's because I work with many of them so I can't choose favorites.
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28 February 2020 | 3 replies
(I didn't get into how to purchase it, but you can look over this guide here and "choose your own adventure")2.
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2 March 2020 | 14 replies
Most people, unless it's a unique situation, will want multiple offers on their homes and choose the best one.
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28 February 2020 | 10 replies
I work with a lot of house hack clients and it depends a lot what neighborhood you choose.
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27 February 2020 | 0 replies
I truly wanted to help him and with my experience and knowledge I was able to lay out his options and let him decide which route to choose.
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27 February 2020 | 0 replies
I truly wanted to help him and with my experience and knowledge I was able to lay out his options and let him decide which route to choose.