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8 July 2024 | 15 replies
VA loans are the easiest loans to use with installment contracts since they were assumable, which means that with the interest rate being assumable, the lender lacks the basis of the interest rate risk under the due on sale clause.It's easy to check with the lender, just ask if the loan is still assumable.
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8 July 2024 | 0 replies
He had just installed a new WH, New HVAC and new appliances.
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8 July 2024 | 6 replies
Either that wall is taking on a load and the studs are bowed or they installed them to long and bowed them in place.
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7 July 2024 | 3 replies
That's going to cost a lot more than $20,000 to install everything from scratch.
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7 July 2024 | 12 replies
Then come to find out after installing it, that the problem was just the float switch.
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8 July 2024 | 4 replies
This scenario seems to give the buyer what they want, and unless the land contract forbids subleasing, it works well with the existing land contract in place.If and when you exercise the option, the buyer (who will actually be the owner at that time) still prefers an installment sale for tax purposes, that can be done.
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7 July 2024 | 42 replies
The squatter never installed nor picked up the material so I was under the impression that nothing was being done after I wired him money because nothing has been installed.
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7 July 2024 | 1 reply
The challenge that many borrowers run into when looking for larger equity lines with limits of $250k+ is that they typically require full income verification (not always bank statement and DSCR exist) with lower DTI ratios (43-50%) however although the repayment scheduled is based off a simple interest only payment, (usually a 30 year amortization schedule with the initial draw period of 5-10 years) the qualifying rate is based off of the converted twenty year amortization schedule (240 equal installments) of the payback period.
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6 July 2024 | 11 replies
To my understanding too, you can rent your property out while you wait for the inspection and results, and if you miss some items on the inspection they're pretty easy to work with to get it remediated (In my inspection I was missing a smoke detector in the basement and they let me send photos when it was installed).
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2 July 2024 | 8 replies
Death certificate was already sent some time back to the solar lease company.