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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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9 July 2024 | 9 replies
So now this month only we paid more than $200 in ACH fee only, which was $0 for last 2 years I have been using TenantCloud.
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9 July 2024 | 197 replies
:)At our last REIA meeting, a female HML introduced herself (all new attendees get that opportunity).
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9 July 2024 | 2 replies
However I don’t see anything wrong with tenant #2 playing their music during the day as long as it’s not at night.
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9 July 2024 | 5 replies
But does San Antonio have real long-term growth potential?
9 July 2024 | 7 replies
Looking at residential properties to either buy and flip or use them as long-term rentals.
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10 July 2024 | 24 replies
You will certainly pay a premium for turnkey, but if your long-term goals are appreciation and stable yet modest growth, it is certainly advisable.
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7 July 2024 | 7 replies
I would focus on established markets that are still showing growth and have more than just one draw.Taking my main market of Tampa Metro as an example - There is more than just beaches, you also have MLB/NHL/NFL + Spring break and MLB Spring training, aquariums, golf, casino, new downtown development, and a lot of business travel.You want to avoid markets with just one draw, as if something happens to that draw, you will be hurting for who knows how long.
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9 July 2024 | 4 replies
I prefer not to evict so long as the portion is sent every month, even if it's not on time.
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10 July 2024 | 21 replies
I have a STR in on Long Beach in York, ME and I’m renovating a recent acquisition in Rye, NH that will be ready this spring.