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22 March 2024 | 11 replies
I will be sure to re-run my numbers based on this information.
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22 March 2024 | 81 replies
Making decisions based on bad interpretation or rationalization is how people end up in legal trouble.
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20 March 2024 | 10 replies
There are options for partial releases, however the entire portfolio must be able to debt service, if one property is sold or refinanced.
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20 March 2024 | 16 replies
The property is based in Milwaukee, WI.
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21 March 2024 | 6 replies
Based on those answers you can decide if you want to set up a showing with them.Before we talk about streamlining showings, I want to share a hack with you during the initial screening phase.Prepare templated questions in advance to streamline the process and utilize text replacement features on your smartphone for efficiency.
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22 March 2024 | 5 replies
Your husband should review the plan documents or contact the plan administrator to understand the specific rules that apply to his 401(k) plan.Loan Limits: 401(k) loans are usually subject to certain limits, such as a maximum loan amount based on a percentage of the account balance or a set dollar amount.
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22 March 2024 | 8 replies
I'm considering going to the bank and being completely transparent to ask for an increase in the rehab loan, but they have a much more conservative ARV in their appraisal based on much lower projected rents ($1,400 avg vs the $2,000 avg we're actually getting on the finished units), so I'd have to convince them of the higher ARV.
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22 March 2024 | 23 replies
Not that the intent is back out, but one thing I'm trying to do is gaining a solid understanding of no-risk EMD (as long as deal is closed within a certain timeframe), - how to explain the risk reversal to the seller - and also the buyer.I would be most thankful for the help and if you wanna join my network of MD/DC/VA based REI let me know.
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22 March 2024 | 9 replies
On a DSCR loan, everything is based on the cash flow on paper.
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22 March 2024 | 5 replies
This will lead to buyers with less representation, and irresponsible offers without the guidance of a buyer agent I can see agreed-upon prices exceeding the compatible sales and deals that have appraisal issues, and/or buyers who agree to terms they would not agree to if they had representation.Other buyers will shop for representation based on price.