Account Closed
Best ways to get an agreement from landlord to purchase SFR?
31 May 2016 | 2 replies
How do I go upon securing a possible agreement before they list?
Shawn Mims
Investor Re a multi-fam condo dev in West Hollywood, CA
17 February 2016 | 0 replies
The area is zoned for a max 4/5 stories with 15 units total, 12 of which are market rate.Construction financing is secured as I have a relationship with a hard money lender who is interested in financing the project, but would need to assume the property next door to move forward with a construction loan.
George Dean
Headaches of note business
21 February 2016 | 8 replies
In that case the second category applies (below).Again, these rules only apply to what the CFPB refers to as a residential mortgage loan where the note is secured by a dwelling or residential real property that includes a dwelling.Most people only carry back a note once in their lifetime, when they sell the big house, retire and move somewhere else.
Keith Fawcett
Multiple Tenants different lease terms?
17 February 2016 | 3 replies
They will need to figure out the security deposit themselves.I advocate not getting involved in tenant interactions.
Steven Duck
No Money Down
21 February 2016 | 11 replies
The result is that whereas 5 years ago passive investors expected little more than an investment summary, investors now expect (and demand) a private placement memorandum, subscription agreement, attorneys opinion, tax opinion, and full compliance with the securities regulatory environment, even on smaller deals.
Jide Akinyode
Refinancing an Home acquired through Assumption Agreement
18 February 2016 | 5 replies
An Assumption Warranty Deed with Vendor's Lien and Deed of Trust to Secure Assumption were both sent to the county.
Andrew R.
Interest rates, HELOC, Home Eq Loan, or regular mortgage?
17 February 2016 | 2 replies
2nd mortgage HELOC ARM secured by your primary residence will have ballpark comparable rates to 30 year fixed, but it's an ARM.2nd mortgage fixed will have rates way higher than a vanilla 30 yr fixed first mortgage, but still below hard money, for most scenarios.
Chris Watkins
How do I buy new home without contingency - sale of current home?
23 February 2016 | 17 replies
Just a plain old boring lease with a security deposit made, move-in date on the lease to be about 3-4 weeks after you intend to close on your new purchase.We can use rental income to offset PITI on your old house, fixing your DTI.After that lease is up, evaluate the performance of your old home as a rental property, and either keep or sell it at that point.
Nick Hazelwood
Looking for advice on rental analysis for suited unit (Canada)
25 March 2019 | 12 replies
(common in this area)Rounded a bit, this is $2283/month.IncomeUpper Unit = $1450 (realtor said a conservative estimate would be 15 but I think that this would be more accurate although it is not rented out yet.)Lower Unit = $1150 (leased for another 4 months)Total= 2600$Income-Expenses= $317To be safe I have always been told to have a security margin, usually 10% of the income in case of vacancies or other issues.$317-$260= $57Is this the correct way in analyzing this property?
Luis Robles
looking for LOC able to secure with property.
17 February 2016 | 1 reply
I am looking to establish a line of credit on one of my investment properties. I own the property in an LLC which is proving to be a hindrance for the banks. Any suggestions would be greatly appreciated.Luis