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29 October 2014 | 2 replies
to calculate the gross rent multiplier, should I use the purchase price as the numerator or total acquisition cost: meaning purchase price+closing costs+renovation costs+cost to list?
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13 November 2014 | 11 replies
If so did they give any explanation?
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7 April 2019 | 10 replies
I try not to get to cynical but stories for the eviction explanations go in one ear and out the other.
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20 November 2014 | 8 replies
There are numerous more specialized suppliers, too.
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16 November 2014 | 2 replies
like @Bill G. mentioned its 2 years however certain time frames can make this cut as well such as:- actually working for 2 plus years (multiple jobs are okay if in the same industry or job role/etc)- university or college degree time in the same field as the job you are currently working at works to satisfy the 2 year time frame as well- going from 1099 (contractor) status to W2 in the same industry with 2 years of acitivity satisfies- being in sales in one industry and then getting another job in sales in another industry may satisfy because its 'sales," however not all of your income may be used because it doesnt meet "likely to continue and stable," guidelineHope that helps, let me know if you have any questions on lending guidelines or how to structure your file if you find yourself in a "grey area," which usually requires specific advice on how to write your letters of explanation (LOE) since it can easily be declined as it can be accepted in this arena.
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17 November 2014 | 8 replies
Please see my profile for an explanation.
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19 November 2014 | 7 replies
@Erick Martinez - Go the monthly AZREIA meeting, they are also numerous subgroups that meet on a monthly basis.
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24 July 2022 | 11 replies
Thanks for the explanation guys.
18 November 2014 | 1 reply
Yes, those may be factually correct statements, but I have gotten to know numerous realtors and/or agents who are very good real estate investors.
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22 November 2014 | 4 replies
Any explanation/reasoning is appreciated.Thank you.Philipp