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10 July 2024 | 11 replies
My current CPA is not well versed in the realm of short term rentals, finding one that is has been on my pipeline but with all the work involved with the property setup I haven’t gotten around to it.
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10 July 2024 | 6 replies
The way we look at it however is this sort of situation would be OK - but its a one time referral fee - any sort of arrangement with a long-term referral fee / borrower protection is reserved for true professional mortgage brokers - who like @Chris Seveney mentioned, would be doing more legwork on the deal vs. a simple and clean referral handoffvia CFPB on referral fees for business-purpose hard money loans:§ 1024.5 Coverage of RESPA.THIS VERSION IS THE CURRENT REGULATIONView all versions of this regulationSearch this regulationRegulation X(a) Applicability.
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10 July 2024 | 2 replies
I am already over-leveraged into the project with LOC's and such, therefore I am looking for ideas for other sources of cash to supplement my current rehab loan to be able to get me across the finish line.
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10 July 2024 | 2 replies
You do not own the home so you cannot use its equity instead you are borrowing money based off of the current owners sale price.Using the same banks/lenders Heloc in some cases can be fine since its attached to another home.
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11 July 2024 | 6 replies
But right now, i currently own a SF in KY and am house hacking a duplex in round rock Texas.
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9 July 2024 | 4 replies
The property is rented out to section 8 tenants for a total of $4700 currently.
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9 July 2024 | 6 replies
Sometimes the commission checks can be low (i have a client purchasing a 50k property tomorrow at 2%) but helping someone buy their first investment property has been fun.
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10 July 2024 | 10 replies
Realtor.com puts the property estimate at 287k, Zillow at 255k for the current values.
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9 July 2024 | 2 replies
Shouldn’t they be evaluating my current risk?
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5 July 2024 | 9 replies
The ARV on this property is just under $100k and I am struggling to find lenders who are willing to lend on such a low dollar value.