9 July 2020 | 4 replies
ok, if it's original installation, you may have a shot at it, as most of the lenders I've talked to seem to consider the unit sort of 'tainted', if you will, if it's ever been moved, and will only so a chattel loan and a land loan separately, but not a conventional 30 year amortized. the tag on the home is standard from the factory... if there isn't a certification that the seller has, it may not be an issue for a conventional loan, but if you go for any FHA program, like 203k or standard FHA loan, just assume you'll be paying somewhere in the $500-$800 range for an additional inspection from your lender to determine if the foundation meets FHA standards to be considered a permanent installation.
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27 April 2020 | 9 replies
There has obviously been a lot of discussion about this already, but I wanted to put together a single list of available relief programs and other resources landlords and investors can take advantage of right now.I hope this helps somebody during these challenging times.
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15 April 2020 | 4 replies
I used Huntington Bank; they offer an awesome “LMIT” Program.
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18 April 2020 | 9 replies
@Pete Mathias I would check with your local housing authority that manages the Section 8 program.
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26 September 2020 | 9 replies
Hey all,I heard rumors of unintended consequences from taking advantage of forbearance programs.
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13 April 2020 | 1 reply
I signed up for a 5% Down Payment Assistance Program and MCC Mortgage Credit Certificate Program with TSAHC here in Texas.
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15 April 2020 | 3 replies
They just signed a contract this year for an East Side Redevelopment program that looks pretty promising.
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26 April 2020 | 10 replies
@Evan Polaski - I was told by this one lender in Birmingham that I did not qualify for ANY of their programs, at all - and the house in question was going to be my primary residence.
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22 May 2020 | 4 replies
Most of my landlord clients have tenants on programs like Sec. 8 and City FHEPS so they haven't had any issues.Curious to see what other responses you receive...All the best,Abel
20 April 2020 | 8 replies
as a new agent you need to decide where you will hang your license,(broker), you dont work on your own, part of the idea is than an experienced agent will over see you and help you work,there are many companies out there, interview with a few, let them talk, most would rather hear themselves anyway, steer clear of more independents that boast letting you keep more, not for newbees, i started out with national chains till going to remax after many years, the chains will will have additional training for you, I also mentored two other agents after hitting elite status on nationals, be ready to give some of commission for mentoring, dont volunteer it up front, you will have many fees to pay starting out, sometimes you can also be an assistant to a major agent too, you will list thru a multiple listing service that other agents used to find houses, public too, they cost also for membership, on your own you cant list on craigs and do open houses, there are some who only list and some who only sell, and some inbetween, if you are lucky enough to get both sides, suggest you get someone else to take buyers side for transaction if you have iron clad relationship, or stay neutral, some list only to take buyers elsewhere, one house one sale, one house many buyers, what ever you do stay intouch with listings, plus with national agency lots of experience, lots of ads, national website, referrals,traing avail if you got in this to work from home and make a large commission right away you got sold, fees will eat you up, sales take time, money and experience, some get in it to buy their own, that is an option too, do lots of phone time, stay friendly with all in office, avoid politics of all kinds, do rentals to pay the fees, they can turn into buyers, expect to make first listing within 3-6 months, sale 6 months, till up to speed, my standard was 2 of each a month, some more some less depend on season, can tell you stories.... doing floor time once had buyer walk in, said wanted to spend no more than 2, turns out was million, no one wanted to do floor time, also my first listing was a real frank loyd wright home, other agents would me give their rental lookers, be willing for all, I worked in area of NJ where a famous golf course is, was one of few that belonged to all 3 mls, so had advantage, a $1500 corp rental relocation will some day buy, get to know the relo person, we used to give nice gifts to clients, make it something they will see everyday not flowers or candy