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5 March 2024 | 7 replies
For daily use checking up on partial payers: Sum up the payements received AND give detailed payements for the last 3 mo, set the date range.
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4 March 2024 | 11 replies
Welcome to BP John, did you know when you are a Pro member your profile badge in forums makes you stand out as someone who is serious about investing and you’re 3x more likely to receive a colleague request than free members?
6 March 2024 | 19 replies
In addition, QLS already took action following the AGO’s initial court action to ensure homeowners can now gain access to its office in Seattle.
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4 March 2024 | 4 replies
These two factors were strong indications that we would gain additional equity, and maybe even increase our net worth.While it might be tempting to think that there is no way a house with an extra mother-in-law suite will be less valuable than a house with parking, it is worth making sure that you will have adequate equity when the project is done, and that you are not overbuilding the house.
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7 March 2024 | 82 replies
Falls into the "wadyagonnadoaboutit" category, but the fact that they are making money on the float off our properties and guests, in addition to high fees, is frustrating to say the least.
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4 March 2024 | 5 replies
WIth buying a property as a primary residence, you'd receive far better terms with an FHA loan.With an FHA loan, expect an interest rate in the high 6's low 7s.
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5 March 2024 | 34 replies
If you partner on the deal, the IRA is only responsible for the percentage of the property that it owns.To your final point, the IRA is responsible to pay all fees and expenses.The IRA also received all profits and interest and payments.
5 March 2024 | 11 replies
The basic "hits" can be seen here: https://singlefamily.fanniemae...When the "adverse market fee" was in effect, it was in addition to those things at the link above.
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5 March 2024 | 4 replies
A LOT of distrress is leading to mergers and firings, in just the last few weeks, this happened: (Big credit to @NewsLambert)Lower to acquire Universal Lending retail and wholesale operations (11/1/23)Trustar Mortgage acquired by Archer Mortgage, LLC (11/1/23)People’s Bank of Commerce to exit residential mortgage lending (10/27/23)BMO Bank cutting 228 jobs in Northern California (10/25/23)Homestar Financial to wind down operations (10/25/23)City National Bank layoffs in Los Angeles total 71 (10/23/23)Hometown Lenders layoffs (10/12/23)First Savings Bank to lay off 135 mortgage workers (10/4/23)Wesley Mortgage absorbs competitor Colten Mortgage (10/4/23)Cenlar to lay off 85 in Ewing, NJ (10/2/23)Rithm Capital to acquire Computershare Mortgage Services Inc. (10/2/23)Wells Fargo cut 525 jobs in South Carolina (9/28/23)Better Mortgage lays off additional employees (9/22/23)The Graystone Company has acquired Direct Mortgage (9/13/23)Flyhomes to purchase certain assets of Home Sale Assured (9/13/23)Divvy Homes to cut 95 jobs in San Francisco (9/11/23)Farmers-Merchants Bank to sell three branches to focus on core mortgage business (9/11/23)It goes on…..The mortgage industry is in a starkly deep recession.And RIP refinances, unless you are holding an even higher interest rate loan (like a construction/bridge loan or hard money, or perhaps you just fixed your credit.
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5 March 2024 | 11 replies
What tax benefits might you receive that could potentially offset some of your tax burden with such high income?