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16 May 2024 | 4 replies
As my avg rental period is <8 days, and I have <14 days personal use at the property and believe I can meet the material participation test, this should be a non-passive activity.Specific Questions on Material Participation:1) Do hours logged for material participation in 2022 include time prior to placing the property in service (i.e. first half of 2022)?
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16 May 2024 | 9 replies
Lenders won't require U.S. credit history however may require a foreign national credit report, and 2 trade lines opened and active for the past 2 years.
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16 May 2024 | 2 replies
You need to stop or it will just get worse and then you will be back here with serious problems.You need to politely, yet firmly, tell her that she has gotten too demanding and that from now on she needs to handle everything herself...except major problems like non-working appliances.
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17 May 2024 | 5 replies
Have you had a larger wholesaler send out the property for you or connected with lenders to see if they know of any buyers?
15 May 2024 | 8 replies
But, for non-QM or DSCR products every different products make up there own rules and there 100's of them in the market place.
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17 May 2024 | 1 reply
Even if you are leveraging assets, if you are not occupying a property, all lenders are going to be looking for a big chunk.
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17 May 2024 | 6 replies
I’m looking forward to connecting with agents, lenders, wholesalers, and other investors in Alabama
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17 May 2024 | 34 replies
Trying to establish my team so any recommendations for realtors, contractors, lenders, etc will be appreciated!
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17 May 2024 | 13 replies
Provide a signed copy of the NoteThe investor should be identified as follows:For all investments: Client First Name Last Name>, legal owner via non-trust custodial IRA with AETBe sure to indicate % of ownership on title for multiple investorsSigning of documents:On a go-forward basis we will no longer sign documents.Due to the titling change, the account holder will be the only one that can sign the documents (with the new vesting)Excluded States:Because of a variety of issues we have encountered with the following locations we will no longer accept IRA investing real estate transactions in the following areas: The State of Maryland, The State of South Carolina, The State of New York, Cook County, Chicago, Illinois, The State of Georgia, The State of Florida.
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15 May 2024 | 13 replies
We've even tried to get the lender to report our on time payments to the credit bureaus but they won't.