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1 June 2024 | 3 replies
He is also self-employed but has been too "aggressive" with expenses and shown little profit (I know, I know, but can't undo that now.)Three mortgage brokers have told him there is NO WAY he'll be able to get a mortgage.
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3 June 2024 | 9 replies
I ask because you will find that a lot of lenders require prior rehab expereince for a fix and flip loan.
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5 June 2024 | 25 replies
Not your debts or your income or your DTI or your reserves or the extra guidelines and underwriting and overlays that that a residential mortgage company can have Do you require a personal guarantee?
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3 June 2024 | 14 replies
If the house is in a horse neighborhood, and has enough land with it for lunging and stabling It seems like it's the owners call if he wants to rent someone with a horse or not.People with a horse are going to pick a place like that if they can afford it, versus a single family home with a yard and a fence especially one of those chain link fences with the little barbs at the top which will tear the hide open on the horse meaning veterinarian expenses.
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2 June 2024 | 1 reply
VA loan will require me to occupy one unit.
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3 June 2024 | 7 replies
First of all, Require Renter's insurance with personal liabilty to all your tenants.
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2 June 2024 | 10 replies
Gap funding from a private lender could be an option and will be expensive.
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3 June 2024 | 12 replies
Once you rent out the property, you’ll start seeing cash flow from the rent payments, minus your expenses.
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2 June 2024 | 5 replies
I use the Authentic Plank product from Southwind which is an 8mm thick plank and does not require an underlayment.
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2 June 2024 | 2 replies
Seems that someone who is VPBD would not be at this level of detail - but I don’t know how they work.In my research I found:(1) MW506AE is the application for exemption the comptrollers need regarding a 1031x, and needs to be sent in 21 days prior to closing.(2) MW506NRS is the withholding exemption.I think my CPA will handle #2 but #1 is essentially the main form in the whole timeline.I understand what these forms are and would like to get a title company that is also versed in them and not guess what needs to be done.My QI already said they will not fill it out and I guess doesn’t have all the information required for it.