Hugo Arce Hodgson
VA Lending Practices
6 November 2015 | 4 replies
"The veteran must have a history of continuous resident in the community and there must be no indication that the veteran has established, intends to establish, or may be required to establish, a principal residence elsewhere" VA Pamphlet 26-7, Revised Chapter 3 Section 5.h In order to clarify this with the lender, I established that I attended the University of Florida from 2007-2010, '10-'12 I went to training and deployed but maintained residence in Gainesville.
Sean Richway
No Min Credit Score Residential Short Term Mortgage Advice
7 November 2015 | 6 replies
@Jerry Bruckenheimer Should have been more specific around the secured CC's.....these would be the deposit CC's where you front a deposit in order to obtain the credit card to help establish a positive reporting line.
Drew Castleberry
Need help understanding a self-directed IRA
8 January 2016 | 15 replies
Generally speaking, the impact of this tax on your returns is minimal, and you are going to receive a higher cash-on-cash return using leverage, but you certainly want to be aware of the burden of this taxation going in.If you establish a self directed IRA with a custodian (Trust Company), you will need to submit requests for all expense payments - including the mortgage - and pay processing and/or asset based fees depending on the institution.If you establish a checkbook IRA LLC, then you control the checkbook and do not require 3rd party processing.
Sean Cole
New Member from Cincinnati - experienced investor and wholesaler
28 January 2016 | 6 replies
Hi Sean, I saw your recent posting here on BP and am reaching out to you to establish contact.
Eric P.
Cash Refi Strategy Questions
2 May 2019 | 4 replies
While I plan to go back to work in the future, I have no interest in doing so now as I will be too busy rehabing my purchases (I'm very handy, will do the work myself mostly) this summer and establishing a team to assist in managing these properties when I eventually move out of state.
Sophia Berry
Who is liable if lot is not Buildable?
25 May 2019 | 26 replies
“Land” Engineer = Macro; large land masses & Developing (Soil and site feasibility can be done by civil engineer, however that’s AFTER determining if you can actually build on lot.)Architect (with Civil Engineer) = Micro; development on a particular lot (possibly part of Builder’s responsibilities)@Sophia Berry said the lots are already established.
Peter Daley
Newbie from Calgary, Alberta, Canada
29 May 2019 | 10 replies
I'm currently looking for a Fix & Flip / Rental Property Investors in Calgary to establish partnership in a deal that i have created.
Marsha Rost
BRRRing and transferring title to LLC
8 May 2019 | 2 replies
Especially once you have the property in your name, then you xfr it into the LLC and then the LLC gets the cash out refi... of course you'll pay a second set of fees for closing and transferring the title again, but it's worth it to establish a relationships with a commercial lender for your future deals.
Maureen Nixon
Auction reserve amount
8 May 2019 | 2 replies
That amount gets netted against the debt as a baseline for establishing the deficiency amount so, the baseline net is $150M now in this example.
Diego Hernandez
Why don’t wholesalers invest in their own inventory?
11 May 2019 | 45 replies
Never "trust" anyone in business until you are well researched or have an established relationship, that's common sense and run your own calculations... what you are willing to purchase is totally on you, along with what you charge as an assignment fee... though I think between 5-7% is pretty standard.