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20 February 2017 | 3 replies
You want to make sure the people that you rent to will take care of your property and will be able and willing to pay their rent each and every month on time.You can set your own standards with the back ground check company regarding each area such as requiring income of 3x monthly rent, requiring a certain credit score, etc.
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31 October 2018 | 6 replies
You can lend to an LLC and not worry about Dodd Frank as business to business lending is exempt from Dodd Frank compliance however be careful because the borrower already informed you that they are planning to live in the house (walk like a duck is a duck caution).By the way realtor forms have Seller Financing standard addendum to the contract which is pretty clear on the compliance terms.
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17 February 2017 | 5 replies
Can you reach out to the caretaker's company and ask what the standard practice is for their other clients?
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8 March 2017 | 6 replies
Moving on...There are a few strategies at play here:Using a standard, forward 1031 exchange.Buying properties that need work (BRRR with or without the refi, utilized to achieve a higher return).Partnering with someone who can get a loan when you can't (to bring deals into grasp that were previously out of grasp).The question is, can we combine the 3?
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16 February 2017 | 2 replies
Is this standard?
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21 February 2017 | 4 replies
For earnest money, whats your standard percent of the sales price
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20 February 2017 | 3 replies
I don't want to wait a year to acquire my next property through standard financing, but don't feel comfortable structuring a complex financing deal yet.Any advice?
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23 February 2017 | 10 replies
It is standard practice to have a microwave on the same circuit as a gas range, especially when the microwave is mounted above the range.
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19 February 2017 | 0 replies
We want to invest in a duplex in the future to house hack but we want to try and get first time home buyer benefits when from what I understand means lower interest and much lower money down than standard .Thanks everyone !
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21 February 2017 | 4 replies
@Matt Boyle no offense, but if you are an appraiser asking for tips from agents about price discovery that is sorta a red flag for me.You as an appraiser are considered to be an impartial expert on value, and agents like it or not have an inherent bias and are generally not trained, licensed or required to follow USPAP (Uniform Standards of Professional Appraisal Practice)Refer to link below for differences between USPAP and BPO.https://nationwide-appraisal.com/appraisal-avm-bpo...I am curious as to why you are asking for tips from agents doing BPO's vs seeking advice from professional appraisers in the Chicago land area?