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25 April 2024 | 4 replies
Most work this way Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
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25 April 2024 | 13 replies
The requirements are different for an individual and companies, of course, but there should be a way.
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25 April 2024 | 4 replies
My son is suffering from a medical condition that requires large bills.
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25 April 2024 | 7 replies
PA requires that you maintain a permanent home and be present there for at least 184 or more days per year to be considered a resident.
25 April 2024 | 0 replies
The IRS cross-references your 1098s with claimed deductions, raising concerns if discrepancies arise.Private Lenders and Forms 1098: Private lenders are required to send Forms 1098, but only if they meet specific criteria:The private lender operates as a “trade or business,” distinguishing professional lenders from casual lenders like friends or family members.The loan is issued to an individual or a disregarded single-member LLC.The loan is a mortgage secured by real property.The annual interest paid on the mortgage was $600 or more for the previous year.The conditions leave some room for interpretation, particularly regarding the “trade or business” clause.
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25 April 2024 | 5 replies
The requirements to become an Agent (although not difficult) does take some time and then there is a multitude of fees to pay once you join an RE office.
24 April 2024 | 5 replies
The Minnesota agent should be able to write the policy BUT they might have guidelines on their rental dwelling policies that require the owner to be local and therefore looking after the property.
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24 April 2024 | 5 replies
Do not pay him he is a fraud type of guy. he won't teach you the right way of doing it. he will just sell you something you can find online.
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24 April 2024 | 2 replies
I do not have a specific pest clause in my lease but I struggle to see how someone bringing bedbugs into my property after 6 months without them, admitting that they likely brought them in and having a professional opinion stating as much would then require me as the landlord to be on the hook financially for removal?
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24 April 2024 | 0 replies
You can use online platforms, social media, and word-of-mouth to attract renters.Manage the Property: As a landlord, you'll be responsible for managing the rental property.