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20 November 2018 | 5 replies
Further to this, let’s say I only need to occupy the unit for X amount of months, do I need to go through the hassle of changing the address on all of my IDs etc?
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14 November 2018 | 10 replies
It depends how fast you plan on scaling.
15 November 2018 | 36 replies
Could you explain a bit of some of the factors that would change this from a loss to the home run?
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13 November 2018 | 0 replies
We asked some of our key speakers to give us some brief insight on what you can expect to discover at the conference in our Speaker Insight eBook, including:What have you changed about your property management best practices?"
13 November 2018 | 7 replies
What initial numbers would have to change for this to be a wow deal?
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29 January 2019 | 3 replies
We were flipping 30-40 a year for the past 3 years in LA with about 5-10 in the SFV, but as we all know the market has changed since Q2.
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27 December 2018 | 8 replies
Not the ideal way to do business with a private lender, but we had a blanket agreement in writing that he was lending us money at set rate period for the time we held the property.Some option for funding when buying at a foreclosure auction:1) Your own cash is fast.2) Set up a line of credit with a bank using other collateral, maybe you own a couple of rental houses with equity that you could use as collateral.
13 November 2018 | 1 reply
It was acquired by CoStar last week, so I imagine that the interface and some features will be changing soon.By the way, if you are looking for accounting software, I recommend checking into Quickbooks Online.
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21 November 2018 | 7 replies
Since we have quiet a few attorneys on this thread,re due on sale clause , what are the attorneys opinions re the change in the "due on sale " clause based on the changes in fannie mae guidelines from Nov 2017, and proceeding with the samehttps://www.fanniemae.com/content/guide/svc110817....Section D1-4.1, Information Relating to Transfers of Ownership Applicable to All Mortgage LoansD1-4.1-01, Determining Whether a Transfer of Ownership Is Permitted (11/12/2014)[...]D1-4.1-02, Allowable Exemptions Due to the Type of TransferA transfer of the property [...] to [...] a limited liability company (LLC), provided that: the mortgage loan was purchased or scuritized by Fannie Mae on or after June 1, 2016, and the LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).ThanksP.S thanks to Chris Mason who posted this on this threadhttps://www.biggerpockets.com/forums/49/topics/610...
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13 November 2018 | 3 replies
The rate will be lower and the terms will never change.