Logan Larochelle
Property insurance damage need advice
16 August 2016 | 1 reply
So I have a Pine tree that fell and broke my fence, but the main problem is that it has not completely fallen and the fence is holding the tree up at the moment and it is leaning over my neighbors house.So my problem is I called my insurance company they said they will send a adjuster to asses the damage but they stated I need to call a tree company and have the tree removed and that I have to pay for the tree to be removed and they will re imbursed me.
Riley Hinshaw
wholesaling FSBO
18 August 2016 | 8 replies
You still have to drop your fee in there so it needs to come down to $510k at most if the house is completely rehabbed, updated, "move-in ready".If it's not, which it's probably not...$650k x 70% = $455k$455k - $10k for minimal work = $445k$445k - $7k your desired fee = $438k$438 is the MOST you should pay, and that is assuming very light rehab.
Account Closed
Owner Finance Deal on 6 unit Multi family complex good or bad?
16 August 2016 | 0 replies
We plan on having 4 units cash flowing and once paid off in 5 yrs we will use property equity to complete the remaining unit.
Justin Pierce
Contract for Deed Subject to Existing Financing
20 October 2016 | 12 replies
You have three options:He just quit claims the property to you and you continue making payments on the underlying.
Jayson H.
Lender admits appraisal is for "liquidation" value!
17 August 2016 | 12 replies
I completely agree.
Tom Pignatello
First Loan from a Portfolio Lender to Finance First Flip
16 August 2016 | 5 replies
There would be additional review at this point: ordering the appraisal, downpayment requirements, and the paperwork for the rehab draws and terms.The local banks I've worked with required 25% down on the purchase price, the rehab was done in drwas after the inspections, but all one closing and then the loan converted to a permanent loan once the draws were complete.20 year term resetting every 5 years, for me.
Account Closed
Question on Quit Claim Deeds
16 August 2016 | 0 replies
Does anyone have advice on how to conduct quit claim deeds during a wholesale deal?
Colton Joseph
What is the best way to file taxes to obtain a Mortgage? PLS HELP
17 August 2016 | 6 replies
Selling a property one time wouldn't be considered any type of consistent or stable income.Do you have rental income from your properties claimed on schedule E?
Yaroslav Golubev
Lenders in Broward
16 August 2016 | 0 replies
Quiet claim title transfer would trigger an acceleration clause.I plan on contacting the following lenders for conventional financing.
Tom Lafferty
Just bought a 78 unit disaster...
24 November 2016 | 52 replies
I completely agree with you though, management for anything up to about 60 units, or really even 80, is very difficult.