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9 September 2018 | 6 replies
Does the FCRA have any input on to whom I rent... meaning, does it create any limitations on my criteria: no felonies in past 10 years, not on probation or parole, no evictions in past 10 years, good references from prior landlords, not owe money to any prior landlord or utility company, have reasonable credit, income is 3x rent, etc.
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6 October 2022 | 40 replies
Perhaps if there’s a limit on each item, have several people order.
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5 September 2018 | 2 replies
I have been thinking about strategies of growing my real estate unit portfolio in size, but any way I looked, I was running into limitations (high LTV for conventional loans, expensive real estate with low cap, 1031) but nothing felt quite right until I came across the BRRRR strategy.
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8 October 2018 | 44 replies
Areas I personally would avoid (I know everyone is different ) but just north to northwest of downtown Jax for sure is off limits to me.
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13 September 2018 | 9 replies
Nowhere near ($1200 a year/$100 a month) which is what the rent increases are doing.Property taxes in California are protected under Prop 13 which limits the amount to 1% a year.
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5 September 2018 | 4 replies
Ive noticed multiple cars being parked, exceeding the limit, and two other occupants there on a daily basis.
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5 September 2018 | 7 replies
I personally have tried getting seller leads using funnels with limited success.buyer leads seem to be alot easier to come up with items of values
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12 September 2018 | 14 replies
Always use a warranty deed to avoid any issues with the tittle insurance when transferring tittle.Also, Ive recently learned Fannie Mae allows transfer of tittle to an LLC without accelerating the note...Fannie updated their servicing guide to state:Unless the previous borrower requests a release of liability, the servicer must process the following exempt transactions without reviewing or approving the terms of the transfer:· A transfer of the property to a limited liability company (LLC), provided that § the mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, and the LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).
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7 September 2018 | 14 replies
.), it is easier for that LLC to purchase property as it would be for an individual.2) If you are purchasing a property cash, you can do it through an LLC because there are no income requirements other than the monies to pay it off.3) If you are starting out for the first time and the LLC is new, you would need to find a lender (I used BB&T for this) who will allow you to purchase the property under your name and do a limited warranty deed to the LLC at closing without triggering the "Due on sale" clause.
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13 September 2018 | 5 replies
If you can help me out I’d be happy to mail you a gift card or help you some other way if I can, in appreciation of your time.Over the past 8 or 9 years I’ve acquired a handful of rentals in Seattle suburbs and south of Seattle but I’m currently setting up my first rental inside Seattle limits, the remodel will be done in a week or two.