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18 August 2019 | 9 replies
Up to 80% LTV, but there is still the restriction of 1.25 DSCR, which you have to be careful because every commercial lender seems to calculate that differently (especially how they view expenses).
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14 August 2019 | 2 replies
(can be held at the title company or the real estate brokerage) Then you "open title" by sending the contract to the title company (some states have realty attorneys that do some of this, I'm not sure the details for those states) When title is opened the title company doe a preliminary title report, meaning they're searching the title for all the liens and easements and restrictions, etc, and tell you what they're insuring (up to the purchase price) and what they are not.If you are doing inspections and other due diligence, appraisal, well/septic, as-built, all that gets done in the mean time, if there's a deal breaker in your due diligence period you would get your earnest money back (check with your Realtor... if you're new at this and don't have one, get a Realtor)The remaining funds for the property come when the deal closes, this would be the cash from the buyer or a lender.
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19 August 2019 | 5 replies
You can do sooner with delayed financing if you paid cash - with the restriction of pulling out a max of the purchase price plus closing costs prior to 6 months.
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15 August 2019 | 4 replies
California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.
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14 August 2019 | 1 reply
It appears several neighbors have started a whisper campaign and are now using the local building enforcement to stop me from renting period.
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14 August 2019 | 5 replies
It appears several neighbors have started a whisper campaign and are now using the local building enforcement to stop me from renting period.
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17 August 2019 | 13 replies
Can a landlord restrict or prohibit a tenant possessing firearms in a rental unit, or on the common areas of rental property?
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4 September 2019 | 3 replies
There are very few restrictions on that.
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19 August 2019 | 16 replies
@Allen Nida For this one I did a lot of follow up from a cold calling campaign.
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21 August 2019 | 4 replies
I'm in the process of setting up a direct mail campaign, and I'm looking for a service which can set up my phone number along with multiple recorded messages.