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7 January 2022 | 6 replies
.:) The real answer is to prevent churning or constant refinances in an appreciating market because the secondary mortgage market is built on mortgage backed securities and lenders would have to pay their yield spread back to the investors if the loans kept coming out of the security.You can go with a DSCR loan that doesn't require 6 months seasoning, but the terms are not as favorable as they would be if you waited and since you're playing the long game with the property, it's best that you wait.80% is available, but again, the terms are not nearly as favorable as they would be at even 75%.
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4 February 2022 | 15 replies
Would not be the first tenant to get scammed for a security deposit and a few months rent before they figured it out.
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7 January 2022 | 9 replies
But they be looking jobs here.Taking 2 months security should work i beleive
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11 January 2022 | 4 replies
I'm very interested in real estate investing so as not to have to worry as much about financial security/retirement, but also to get out of the 9-5 rate race.
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13 January 2022 | 9 replies
@Rami Holzman Covered above, no lender is going to do that as they'll require a personal guarantee from you.Best bet is to open a few secured credit cards, pay them on time and in a year you should have a decent credit score.
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9 January 2022 | 1 reply
✍️Role of a SyndicatorThe sponsor/syndicator is the person who initiates the real estate syndication; they are responsible for identifying the market, underwriting the property, securing financing, overseeing the business plan/renovations and the daily activity of the property management company, ensuring strong investor relations, and managing the asset in general.
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9 January 2022 | 6 replies
For the vast majority 1 LLC and 1 checking (operating account for income and expenses) and 1 savings account (for security deposits and prepaid rent) and then as @Nathan G. says over here you might find a 3 account useful: Do you have one bank account for all of your LLC?
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8 January 2022 | 4 replies
Hi Everyone,I recently received an inheritance and want to purchase my first MFH this year, HOWEVER, I cannot secure a mortgage loan as I do not work full time.
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11 February 2022 | 8 replies
@Kenneth LaVoie, you can get a 1031 QI involved anytime before closing, I'd be happy to set you up with my QI team backed by the security of First American.
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8 January 2022 | 1 reply
So I was watching YouTube and a "guru" mentioned you can take a loan out on your indexes/stocks as it is a secured loan at a fraction of what you would get on a regular loan (1.5% instead of the 3-4% on a regular conventional loan) and that you can borrow around 40-60% of your portfolio amount.I looked online for info even close to this but couldn't find it, I have a sizeable 401k so wanted to look into this - any insight greatly appreciated