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23 February 2018 | 2 replies
So the scenario presented, was a hard money loan primary that will fund at 65% ltv.
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23 February 2018 | 2 replies
Now, this is a part-time job, so I have to chance of getting a traditional loan, but I have a few people in my department that are willing to invest with me on deals if I show them that it is a good one.Here is my question, is there a way that I can take their hard cash and giving them a sort of IOU with a predetermined share of the profits of the sale or cash flow from the purchased property?
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23 February 2018 | 2 replies
Would that be considered an 8 unit and would I be eligible for a commercial loan rather than a traditional mortgage loan?
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8 September 2020 | 36 replies
Both of which almost tripled 6-8 years then dropped to about 90% of purchase price.1 in 2009, 1 in 2010, 4 in 2011, 1 in 2012, 1 in 2013, 2 in 2015 and my primary in 2014.
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24 February 2018 | 8 replies
I turned my first primary residence into a rental and the lender for my next home used 75% of the rental income towards my DTI from day 1.
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24 February 2018 | 3 replies
That said, I think you wouldn’t have an issue as long as that property is listed as your primary residence: all the bills in your name and change your mailing address.
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24 February 2018 | 4 replies
Are there cases where traditional loans are originated with an LLC?
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13 March 2018 | 4 replies
@Ibrahim Alanqar Typically you won't be able to get a traditional loan from a bank.
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7 March 2018 | 3 replies
That would be great but this is not a primary residence so I think that banks are going to be pretty tough on me.