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11 April 2020 | 6 replies
I’m an adventurer, a little unconventional, and I’d like to live a bunch of different places throughout my life, so setting up systems and processes to support virtual work is super appealing to me.
13 April 2020 | 1 reply
Hi Jonas,Sorry to hear that, please send a screenshot of the error to support@biggerpockets.com so we can check.
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13 April 2020 | 39 replies
What you just described supports my idea of hopefully working with property managers as an intermediary between me and any out of state investors.
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14 April 2020 | 6 replies
Some 700 fico is the min, others are not lending, others are asking for more skin on the game.
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12 April 2020 | 8 replies
Depends on the State Regulations. 6.Seller SecondsThis is a mortgage issued by the seller to the buyer that is placed in a subordinate or second position to an existing first mortgage from a conventional lender; seller second can be a great incentive to buyers; can help them purchase by putting down less cash-leveraging their assets; second mortgages typically carry a higher interest rate than first mortgages, an advantage for the seller over other investment options; a seller second can open new opportunities for buyers in markets where conventional lenders are tightening their loan to value guidelines and buyers need a way to close the resulting financing gap; lenders who want to limit their exposure may agree to a "Combined Loan to Value" guideline that supports a seller second; seller seconds may help buyers reduce their conventional loan needs below the PMI (private mortgage insurance) level, saving significant dollars per month; seller seconds can also help in larger purchases, reducing the amount buyers would need to borrow conventionally, bringing their remaining loan requirement within reduced rate "jumbo" loan territory; some conventional loans prohibit secondary financing; second loans not disclosed to conventional lenders are illegal.sellers granting a second loan must file a lien on the property. 7.Lease with Option and Lease PurchaseA lease with option to purchase is an agreement that the leasing party can buy (or not buy) the property at lease end for an agreed price; a lease purchase agreement, the leasing party commits to purchasing the property immediately at lease end; the owner agrees to apply a portion of the monthly rent payment toward either the buyer's down payment or closing costs at time of purchase.
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11 April 2020 | 6 replies
You can really only go to a local bank or credit union if your income and DTI supports the loan requests as they calculate global borrower financials (I know this because this is what I do for a living).
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11 April 2020 | 3 replies
Offer what you think it's worth to you (what your numbers will support) all they can do is say no.
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10 April 2020 | 5 replies
Here it is:1 - Take three full leg/thighs of chicken, boil them in water to get most of the grease off.2 - Cover the bottom of a lasagna pan with white rice.3 - Place the chicken on the rice, and cover rice with water to the point of making the rice wet...not to float the rice4 - with the skin side down, bake for 90 minutes at 3505 - Turn chicken over and baste, then bake chicken for another 30 minutes, or until the skin is crispy6 - Serve...no wait...That's my wife's recipe for chicken and rice.
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13 April 2020 | 10 replies
People can and do purchase commercial real estate that have been studying and analyzing the market, but I would say the majority of people need the support and the in depth knowledge to feel peace of mind about their purchase.I work alongside my dad who has 30+ years experience in the field and see this knowledge piece as invaluable to customers looking to buy/sell.