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3 September 2019 | 7 replies
Qualified as a triplex when I bought it.
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8 May 2019 | 9 replies
Should we ask potential buyes if they are pre qualified with a bank and show us that they are?
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21 November 2015 | 1 reply
I certainly did not, and neither did the mortgage lender who pre-qualified me.After closing on the HELOC this week, I was reading through the docs last night and stumbled upon the Occupancy clause :"Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control"So I'm not sure what to do.
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13 December 2015 | 4 replies
Of course, I know up front from “pre-qualifying” him over the phone earlier what the solution is, but rather than me telling him the solution, I allow HIM to choose it himself.
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20 November 2015 | 1 reply
Does anyone on here have any experience in starting a hard money fund and originating loans for homebuyers that cannot qualify for conventional/conforming or GSE (i.e.
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28 November 2015 | 43 replies
@Shamim T.First step is to talk to a lender to see for how much you qualify with an FHA loan, then look for properties.It's hard to find a good deal in this market but not impossible.
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17 May 2016 | 13 replies
One of the best ways to continue to leverage liquidity is to source a Qualified Intermediary for a 1031 exchange.
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27 March 2016 | 53 replies
In order to maintain their status as qualified instructors, they must make $1M a year doing what they teach.Those "secrets" are only secret because they are known, but not widely known.
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23 November 2015 | 8 replies
If you can get in 2 properties that break even at the end of your 5 year mortgage term your pay down and appreciation will be fantastic, versus a couple extra bucks you saved from paying the CMHC with 20 down.Do some homework first, if you can't qualify for a second property with your leftover down payment consider reducing the CMHC and interest with the full 20% down.
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1 December 2015 | 10 replies
You will soon have plenty of qualified buyers (and some who are not qualified).