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22 July 2024 | 19 replies
While I’m sure MH Parks have there place - the homes themselves are viewed more as depreciating assets by lenders - more like cars, and less like real estate.
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19 July 2024 | 3 replies
We are set to close on a property by the 31st of July per contract. We found out the property was broke into at 4 am yesterday and the newer furnace/ac were stolen along with some damage to the hardwood floors and t...
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22 July 2024 | 17 replies
A married couple in their 70s that have previously owned homes for 40+ years and are now retired with no debt, no kids, and 50 years experiene as adults should not be looked at the same as a boyfriend/girlfriend in their early 20s that have never owned a home or rented together before, still paying student loans, living paycheck to paycheck, and financing that 2018 Dodge Charger in the driveway.
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23 July 2024 | 7 replies
Do I raise the rent and make $600 a month on passive income, keep the property and chance this home not appreciating much more bc of what's currently happening in Florida with excess amount of inventory sitting there?
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22 July 2024 | 2 replies
The home I’ve been renting is going to be put on the market.
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17 July 2024 | 8 replies
I have a lot in colorado that I'm interested in builder a spec home on.
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22 July 2024 | 18 replies
Sometimes there are issues with appraisal, title, insurance, or underwriting - but it all typically gets blamed 'on the lender'.
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22 July 2024 | 8 replies
I have brokers in various states where vacation homes run into deductible issues, HOA reserve issues, litigation, just to name a few examples.
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19 July 2024 | 53 replies
. - Single family homes to rehab and hold or to fix & flip- Loan is in your name not your LLC- Rates between 5% and 6% depending on credit score- 30 year term loan, fixed rate, no pre payment penalty if sold or paid off anytime- Example buy at 100,000 and add 50,000 for rehab = 150,000 means 15% down payment or 22,500- So the buy is financed at 85% and so is the rehab if you look at it that way- House will be appraised off a contractors write up of the work to be done and must appraise out ARV to at least the 150,000 to make sense at all; if not loan is not approved so a buyer cannot get into trouble in that sense with lender oversight- all work must be done by licensed trades people, not the own themselvesIf this sounds plausible I'm happy to answer questions.
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22 July 2024 | 12 replies
It could be Crazy Investor Loans - giving loans on investment Real Estate packaged by Wall Street (think about the Stupid Loans they gave to Home Owners - So why not Stupid Loans to Investors eventually - just a thought.