Simon Smith
Sunny Isle Condo - Help Needed
19 February 2024 | 4 replies
Some questions if anyone can help it will be appreciated:- What is the minimum down payment required for condos in sunny isle?
Cayton Green
Lender changed Loan terms day before closing
19 February 2024 | 6 replies
My U/W team required me to lower the LTV on the loan for us to be willing to still lend to the client on his non-warrantable condo.
Sara Habtom
What is lenders money
18 February 2024 | 1 reply
Example $200K purchase Bank/lender offers 85% LTV so 15% down payment required.
Adam M.
What exactly is meant by "the promote"?
19 February 2024 | 23 replies
Participate in due diligence or operations.We require our partners to do more than bring capital EMD (or capital at risk) and participation in DD are two of the most common - could be walking units - could be market research - secret shopping similar properties in the area - reviewing the UW etc etc Yes be careful Do it right.
Chris Brall
Building department trouble’s
18 February 2024 | 16 replies
That in and of itself is proof a variance was not required for the scope of work on the permits.
Julia Taylor
How to find a local agent specializing in unrestricted land?
19 February 2024 | 5 replies
Our agent who is listing our home for sale lives 2.5 hours away so we would need someone else to show us the land if we determined it met our requirements.
Dustin Horner
Next Move (financing)
19 February 2024 | 9 replies
On April 1, 2023, Fannie Mae & Freddie Mac changed their cash-out seasoning requirement from six months to 12 months seasoning.
Shubham Aggarwal
Wholesaling as a licensed realtor in Florida - Contract Question
19 February 2024 | 15 replies
Since you hold a license you are held to different standards and requirements.
Angela Toy
IRA /401k /SOLO401k/self directed?
19 February 2024 | 7 replies
You must have a custodian for an IRA, and while you can self-direct it, you do have a middleman between you and your IRA. 401k does not require a custodian and can be set up as a trust with you being the trustee.
Chris Reynolds
Looking to cash out of BRRR properties in Cleveland, OH
19 February 2024 | 7 replies
I believe they have a 6-month seasoning requirement, but if you bought it longer than 6 months ago, you should be all good!