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10 January 2017 | 9 replies
I would look at it this way:On one hand, I can try to find a local bank that will like me enough (yes, it's a person-to-person relationship in these small banks) to give me the loan to refinance but they will do LTV or LTC whichever is LOWER and will usually use the current NOI as the bases of valuation.
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27 March 2017 | 2 replies
I'm wondering if any of you have incorporated climate change considerations (drought, sea levels, wildfires, ...) into your investment location decisions.
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7 October 2016 | 12 replies
I could not agree to this and the seller could not agree to a lower price to compensate for the above and so the deal fell through.As you see above although the deal fell through, I believe I learned something about the types of loan out there, closing period and alternate lenders.
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3 October 2016 | 2 replies
Since it is our practice to analyse a property using the posted rate - and then obtain a variable rate mortgage 2%+ lower, but set out payments as though we were paying a 5-yr fixed at the posted rate ... it will be not change for us ;-)
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8 October 2016 | 13 replies
Owning a lot of SFHs for cash means low levels of risk, but also lower levels of return, since cash locked into a home is only performing at the rate of return for that home, rather than leveraged for maximum return.
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9 October 2016 | 16 replies
The only thing I don't like about HD/Lowes installation is everything is a few levels of communication.
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4 October 2016 | 1 reply
If the owner bought the place at a much lower price point, he may well be making a fine cash flow.
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3 October 2016 | 6 replies
Being a recent graduate out of college, I don't have a ton of funds, so I've been looking into using a lower money-down loan such as an FHA.
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2 October 2018 | 24 replies
@Mark Watkins well the 20k was a dead give away to me.. any lender that is doing deals will usually have a 75 to 100k minimum... check out the scottsmans guide there will be a list of REPUTABLE lenders there and you will see very few make loans for less than 100k... now in the mid west I know you need them lower than that.. but as a lender and I have been one... its just a loser to try to make little loans .. you can't charge enough to make the risk even close to worth it..so when I see these guys say they make loans at 20k to 20 million RED FLAG...
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16 October 2016 | 12 replies
A misdemeanor is a small offense and in ND they take serious drug offenses up to the felony level REEEAL quick.