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Results (10,000+)
Christopher Perez 50% of Loan Requests get Turned Down Due to Improper Packaging
15 February 2018 | 0 replies
This should come as no surprise.
Dan Tsunekawa Over Leveraged? Or smart with Cash?
27 August 2017 | 23 replies
Maybe you can get 20 years out of a stove/oven but I would not want to rely on it.Then add in big expenses like roof, foundation, plumbing (whole house re-plumb), electrical (whole house re-wire), hardscape (driveway), windows, etc. on top of the smaller expenses like landscaping, fencing, painting, water heater, flooring (carpet is cheap but does not last - other options cost more but likely result in lower cap expense: We have no carpets in high traffic areas), etc.I will be surprised if anywhere in this country could have a true expected cap expense of $125/month. 
Brenda Whittaker Acquisition, storm damaged coastal house
19 June 2017 | 10 replies
The rules for the gift will depend on the loan you are getting.The other option would be to partner with someone that will split profits in exchange for the down payment contribution.If you are really talking about true cosmetic issues (paint and minor updating), then you might be able to get a conventional loan.However, if this is a flood damaged home, that will most likely not happen.Flood damaged properties have several things to consider:If the house was flooded (versus wind damage to roof or exterior siding), there is a high risk of mold damage, electrical damage, HVAC damage, HVAC duct work mold issues, and hidden surprises depending on the level of flooding.On a related note, if it's in a FEMA flood zone, it will require flood insurance.
Lance Luvaul Credit went from Nil to Excellent... can this be real?
31 July 2017 | 20 replies
And don't be surprised if a lender uses another proprietary credit worthiness score instead of or in addition to FICO.
Tom De Moya Came across a wild deal. Am I nuts?
1 April 2018 | 11 replies
@Tom De MoyaFor C class properties if you're calculating anything less than 10% each for Vacancy and R&M for the first year or more you're likely in for an unpleasant surprise.
Scott Hawley My flip was saved by a 5 year old!
14 June 2017 | 9 replies
We list and it sells the first weekend for full price.The surprise came 3 weeks later on the evening before it was going to record.
Scott Bolinger How do I figure out special tax assessments on a property?
25 May 2018 | 3 replies
@Scott Bolinger Apart from the great points offered by @Dave Van Horn and @Aaron Klatt, I would also like to add that certain types of "special assessments" are one off and come as a surprise.
Robb Colley Piquing curiosity between Long Term Investing vs. Short Term Inve
23 August 2022 | 0 replies
It should be no surprise that the timeline for your financial goals is the most significant deciding factor when choosing long-term or short-term.
Joe Splitrock Where do you park your money?
23 May 2018 | 77 replies
@Chase Gochnauer you are the first person to mention mortgage pay down (surprisingly).
Benny Gelbendorf Testing the market before diving in
14 July 2018 | 17 replies
Engelo knows the surrounding areas in Lucas County and by now I wouldn't be surprised he's into Cleveland and Columbus.