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12 March 2018 | 5 replies
The commercial lenders that offer such loans typically want to see 30-40% down, 10-15% in reserves and they want to lend about $50K minimum for it to be worth their while.
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14 March 2018 | 5 replies
No, but it's generally considered a Corporate Advance and tacked onto the arrearages which is typically included in the final judgement amount at Foreclosure.
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11 March 2018 | 2 replies
Typically the types that plug into a standard 110v wall outlet are slow, and you trust that the outlet is solid.
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18 March 2018 | 3 replies
My experience has been, these "First Time" or "Income Restricted" Loan offerings by various State and Local Agencies are all done through a Typical Lending Company (Mortgage Banker / Mortgage Lender) that has qualified with the Agency(s) offering the program.For Example, if you met the criteria for a "Texas Vet Loan", and were qualified for the program, all the processing and workup of the Loan package will be completed by Blank (Generic) Mortgage Company.
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11 March 2018 | 1 reply
So I'd network with other investors, typically wholesalers and RE Agents, ask who they know.
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14 March 2018 | 7 replies
You will take your purchase price and add various acquisition-related costs, typically found on your closing statement.
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13 March 2018 | 5 replies
I typically wholesale in LA and OC, but I will wholesale anywhere in the county if a deal presents itself.My current business plan is centered around wholesaling to create revenue to invest in rental properties (BRRRR strategy) in positive cash flow and/or growth markets.
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12 March 2018 | 1 reply
Lenders typically use a handful of local attorneys/lawfirms for the bulks of the foreclosure work and many times the Trustee named in the original deed of trust does not handle that type of work.
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19 March 2018 | 6 replies
@Keivan Darius NARPM is primarily for single family but the line is typically drawn when a property requires on site staff.
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16 March 2018 | 1 reply
The rationale is that your rent will be higher per room than what would be typical for the market rent for that house.