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5 February 2021 | 11 replies
These reporting requirements apply only if you are making any payments required by the agreement.If your account is current and you make an agreement to make a partial payment, skip a payment, or other accommodation, then the creditor is to report to credit reporting companies that you are current on your loan or account...”https://www.consumerfinance.gov/about-us/blog/protecting-your-credit-during-coronavirus-pandemic/ (last updated in July)But here is a consumer lawyer’s take on the issue, and it appears to agree with the above quote from the CFPB blog:https://www.americanbar.org/groups/business_law/publications/blt/2020/10/credit-reporting/There are other nuances to read about - and not everyone who writes about their own experience on social media may understand their own nuances.
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3 January 2021 | 2 replies
A quick google will give you a link...basically they settled with the FTC and now the ambulance chasers are hoping to cash in on the consumer side.
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4 January 2021 | 5 replies
We had successfully short term rented the unoccupied space in our large home, and recently opted to STR our large home in its entirety due to our success in partial home STR (we have had a great track record since starting STR back in 2013 or so).
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24 January 2021 | 49 replies
I’ve done both strategies but lately opting for the refi just because rates are so low.
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4 January 2021 | 1 reply
Linzey,In most cases the 203K loan can be very time consuming and hectic especially now that COIVD-19 has been hitting the industry.
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13 January 2021 | 5 replies
Invest in yourself and consume as much knowledge as you can.
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5 January 2021 | 1 reply
I woke this morning consumed by purpose.
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5 January 2021 | 1 reply
Same happens when you close an investment deal with us.Operator Starts to Add Value to the ProjectsThe next step in a value-add multifamily real estate syndication is the part where the value is actually added.Often the business plans call for increasing rents by lets say $100 or $200.To do this, the operators will increase the rental value of the property by spending $10,000 or $15,000 per unit in renovations and then raise rents for these nicer units.These renovations may sound time consuming but they end up increasing the property value significantly.
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6 January 2021 | 4 replies
You should be concerned with fees, but don't let the fee issue consume the discussion.
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20 February 2021 | 8 replies
Check with your county government and see if they opted out of letting the state control and maybe disperse funds.