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5 October 2015 | 15 replies
It would also amend the Truth in Lending Act with respect to minimum standards for residential mortgage loans, to prohibit, in determining whether a residential mortgage loan is a qualified mortgage, from applying to loans originated by such a person certain guidelines and regulations relating to ratios of total monthly debt to monthly income.
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4 October 2015 | 1 reply
You never know who may be looking for the exact skill-set you possess!
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6 October 2015 | 12 replies
One question I have is if we took that zero down financing option, the cash flow after paying the debt service is slightly negative.
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8 October 2015 | 17 replies
I am officially paying off the last of my collections this thursday, and then Ill be collections free, and I can be debt free in less than 6 months after.I really want to continue expanding my businesses, as well as expand into RE, with a more heavy emphasis on RE than my businesses until the previous and current acquisitions stabilize and the dust settles.I wont say how much I make, just that I have the cash flow to very easily put down 10 and 20% down payments on houses every two weeks with ease.I really want to expand into RE in the baltimore area, fort meade area, Joint base Andrews area, college areas across the US, in Tennessee, and in Texas.
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6 October 2015 | 16 replies
Two young professionals, with decent income, minor debt, and decent credit should have no problem qualifying for a 1-4 multiunit.
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5 October 2015 | 0 replies
Hi, I have a small (800 sq ft) SF 1-story foreclosure I just took possession of in Columbus OH (south side) and need a trusted rehabber that understands the local rental market.
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22 April 2017 | 27 replies
Looking at your competition, what is their physical vacancy, their turnover (related, but not the same), evictions/bad debt, loss to rent (how many units are not renting at market), and concessions ("1-month free on annual lease).
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7 October 2015 | 1 reply
Lastly, 1. depending on where the property is located, you might be able to raise rents and still be inside the rent cap. 2. if the property currently has debt, most Agency debt have restrictions that survive the LURA and may further impact you ability to take the property out of the affordable housing stock. 3.Are you under and HAP agreement?
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7 October 2015 | 6 replies
You personal debt to income is very high.
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7 October 2015 | 4 replies
Take possession of one unit and rent the rest.