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27 April 2024 | 5 replies
It was a little frustrating because I'd been in communication with these lenders from very early on, sharing all details with them from the start and repeatedly remarking on the Trust ownership, and stayed in contact with them throughout the discovery process as I firmed up everything on my end, and now I have the plans, the contractors, the OOP funds, and basically everything else ready to get started within 1-4 months, but I'm back at square one re: loan.
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28 April 2024 | 13 replies
If so, you'd be looking at using a different loan type for that.Assuming you're the end buyer, then the fees depend on how you and your wholesaler worked it out.
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25 April 2024 | 9 replies
Years ago we did not provide laundry units to tenants, and found that when tenants had to move their own units in and out, they damaged floors, walls, cabinets, hooked the units up wrong, didn't properly install wiring or dryer venting, etc.
27 April 2024 | 2 replies
Loans from a bank are about 8.2% for single family homes.
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27 April 2024 | 3 replies
As we all know, Fannie Mae has come out with their 5% down, owner occupied loan for multifamily (2-4) properties.
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25 April 2024 | 15 replies
How important is it to install new siding on a BRRRR strategy home?
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26 April 2024 | 52 replies
I recently installed a high efficiency hot water heater and furnace in a single family home in Western PA, I called the building inspector to ask what permits I needed, and he could care less about permitting for it.
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26 April 2024 | 3 replies
It's crucial to note that this does not mean the buyer assumes the loan; the original loan terms and obligations remain with the seller, which includes the debt remaining in their name.The bank's involvement is minimal in the sense that the loan is not officially transferred.
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26 April 2024 | 4 replies
The loan is issued to an individual or a disregarded single-member LLC, as opposed to loans issued to partnerships or corporations. 3.
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27 April 2024 | 19 replies
Door lock was finicky, nowhere to plug tv in hired an electrician to install a new outlet.