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24 June 2024 | 8 replies
For DSCR loan interest rates, this generally means tracking movements in five-year Treasury bonds (this is the best investor alternative for DSCR loans since the average duration a borrower holds a DSCR loan before selling or refinancing is around five years).Note on Numbers vs.
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20 June 2024 | 10 replies
Are you currently living there and you want to move somewhere else but you can’t sell it?
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21 June 2024 | 10 replies
If anyone hops on a call with you from that they are going to try to sell you a wholesale coaching program or something.
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20 June 2024 | 22 replies
Where are they going if they sell?
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18 June 2024 | 8 replies
Now, I could get a 0% loan through the mass save program for 50k of that over 7 years and come up with the rest out of pocket, but that would eat into a good chunk of my cashflow. my thought is that its not worth it to put the 70-85k into the property and might be better to sell it since I could probably sell it now for about 100k more than i paid for it.
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18 June 2024 | 14 replies
Selling can make sense at times, but definitely not in this rate & elevated value environment.
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23 June 2024 | 7 replies
It took close to 15+ years, but states are finally catching on that the majority of loans are no longer held by banks and by non-bank lenders who are selling them off to private equity and other non-bank funds including individuals and they are starting to hear about the shady stuff going around.Regarding straight sub-to and banks calling loans etc., this I think is longer term implosions as I am seeing people who absolutely should not be buying a home as they have no money buy them sub-to because of little down payment and will eventually lose the property and that is when many whose mortgages are still on the property come out and sue.
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21 June 2024 | 2 replies
@Tonia EdgestonIf it’s non owner occupied you could get a hard money loan to pay back taxes and repairs but these are short term (typically 6-12 months) then you would need to refinance the propertyYou mention this is also in probate - depending also on other debts etc it all may be for not and you may need to sell to pay off other creditors.
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20 June 2024 | 245 replies
Looking at 2023 new listing slope, it seems the only seller that want to sell house is only if the seller has to sell, otherwise nobody willing to sell.
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18 June 2024 | 2 replies
I have 3 properties that I need to sell together.