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5 June 2024 | 8 replies
The one I used was the University of Michigan Credit Union.The loan to value is lower on investment property but if you have a strong equity position it makes sense.Then, the blended rate between your HELOC and primary loan is still better than the rate on a cash out refinance.Plus, the HELOC is flexible and can be used over and over if you pay it down and you have no payments until you use it.Dry powder waiting for the right opportunity.To Your Success!
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5 June 2024 | 5 replies
Or they just go in with a piece of mail to that address in their name, and pay the bill, in some case for example.
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5 June 2024 | 6 replies
Your financing should be based on your goals as well as your cashflow (after paying the mortgages, repairs, vacancies, etc.)
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5 June 2024 | 1 reply
I've had issues with there chosen title insurance and being told it is illegal for them to deni title insurance due to domestic violence (legal advise) can I just go in and pay cash for full offer amount????
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5 June 2024 | 8 replies
are utilities available, etc....You may be WAY past these steps, in which the funding question you are asking is spot on, but I caution you to make sure you are doing your due diligence to make sure the price you pay (up front cost, financing, excavating, renovation etc. all are worth the outcome.Let me know if you have any questions, I would love to help
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5 June 2024 | 21 replies
@Mohammad Al-Abbasi Batch does have an upgrade you can pay for 59$ per month to pull list data.
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5 June 2024 | 6 replies
Due to the initial condition of the home, I had to get a construction insurance policy, pay a larger amount up front in an escrow account, and insurance is pulling monthly from that escrow account.
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4 June 2024 | 4 replies
We can pay the contract early and get access to title earlier if we want- Property is in a very desirable area of town and I'm not worried about it getting rented. - My wife and I have very good jobs and I have no doubt we will always pay our dues to the seller, even if the property doesn't rent for 3 years- The seller (an LLC) has done multiple Contract for Deeds and has their process down.
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5 June 2024 | 3 replies
I define ready by having ability to lose 100% of the investment you are making and still be able to pay your bills