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25 July 2024 | 4 replies
It was intended as a fix and flip, and our original exit strategy was reached. we bought with hard money then did a refi to convential because repairs became drawn out and rented for some cf to by is time. we ended up selling for 405,000 and our loan balance was 235,000.
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24 July 2024 | 2 replies
You can also usually get a conventional loan with more favorable terms if you are living in the unit for at least a year.
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24 July 2024 | 2 replies
Quote from @Mark Prather: I continue to get emails from Steve Mayer of Finance holding Company, but he keeps wanting me to pay a deposit + his 2% origination fee upfront...seems like a scam and wanted to see if anyone has done business with them in the pastI don't know Steve Mayer of Finance holding Company.I do know that no lender should be asking you for an origination fee until they ... actually originate a loan!
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23 July 2024 | 7 replies
In Indiana, you do not need to provide any reason to non-renew a lease.
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24 July 2024 | 5 replies
Also, request the tenant info provided in the application process so you can see the type of tenant who was approved.
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21 July 2024 | 4 replies
Hi everyone, I am a newly licensed Mortgage Loan Officer in Texas.
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23 July 2024 | 4 replies
I would be doing this will a local partner, we would buy the distressed property in cash and get a hard loan for the renovations.
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22 July 2024 | 8 replies
Shop around: Contact multiple insurance providers that specialize in landlord insurance or commercial property insurance.
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21 July 2024 | 11 replies
Refinancing - There's isn't enough information for me to provide specifics...so, I'll address it both ways.
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20 July 2024 | 11 replies
Can I occupy the property if, say 20 years down the line I manage to pay off the loan (regarding debt service loan)?