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28 September 2018 | 4 replies
A bank may offer 80% LTV rate/term refinances but reduce cash out refinances to 70-75%.
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4 October 2018 | 19 replies
One of the officers I spoke with indicated she believed that the charges in the case could transfer to me at the discretion of the judge and that I should plan to be in court for the scheduled hearing, while the solicitors at the court would not give me any information as I was not named as a defendant in the case.
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28 September 2018 | 2 replies
We recently closed on another deal very similar with a local bank and the SBA.
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28 September 2018 | 2 replies
Using leverage is fine... its the level of risk, and each investor has a different plumbline by which they measure how much risk is comfortable.I keep my properties in separate bank accounts.
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28 September 2018 | 3 replies
Note that while traditional IRAs can be transferred to a Solo 401k, Roth IRAs cannot.
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27 September 2018 | 5 replies
If it is the actual foreclosure auction, not a REO auction, the bank can only collect up the final judgment amount.
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4 October 2018 | 9 replies
@John MoonGiven the information above, I believe you have two good options: 1) Finance all three separately on conventional, FHA financing (under 4 units)2) Approach a local bank on the deal.
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3 October 2018 | 6 replies
That's a bank requirement.
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28 September 2018 | 6 replies
The new property, SFH2, is worth $115K after the rehab.John now owns SFH1 which is worth $125K, SFH2 which is worth $115K, and has $10K in the bank.
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27 September 2018 | 2 replies
I even tried withdrawing some credit from the Bank of Mom, but alas, the bank was tapped out and the best I could muster was about $2,000.