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12 January 2025 | 6 replies
Experience Purchasing from Non-ProfitsPurchasing property from non-profit organizations often involves additional considerations compared to typical transactions:Decision-making process: Non-profits often have a board or committee that must approve property sales.
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4 February 2025 | 87 replies
Jason, or WHOEVER you really are (your BP page gives absolutely NO information about you - typical for those “keyboard warriors” who spend their time trying to “get even” for the bullying they endured during childhood)Your tactics are reprehensible, reminiscent of Wisconsin Senator JOE MCCARTHY.
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10 February 2025 | 62 replies
A cash out loan would have 6+ months typically and if it is a traditional loan it would be 12 months.A DSCR loan will not work for what you are trying to do.
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6 January 2025 | 5 replies
Here are some of its vitals:- Zestimate: $345K (I know this is typically 10% or so high)- Last Sold: 8/2021 for $281K- Roughly 1400 sqft- Some cosmetic work needed- $25K left on solar loan- The home was build in 2004 and it looks like it has the original AC unit, so I am assuming that needs to be replaced too. - 2 story house with very small rooms and and 2 steps down, imminently as you enter the front door.- Gated community and in a reasonable HOA. - The home is 2 payments behind and already got a letter from the lender about future foreclose.
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7 January 2025 | 6 replies
It is slowly rotting and needs significant repairs to get it prepared to sell to a typical home buyer for a primary residence.
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9 January 2025 | 12 replies
Or does anyone have a rule of thumb on how much profit they typically expect to make monthly on a property?
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7 January 2025 | 5 replies
What I've seen is that when asked to provide an assurance that a loan wouldn't be called because of a due on sale clause being triggered, the lender customer service typically just outright says it's not allowed, or default to a "no", because they see it as a black and white question, and miss why the due on sale clause is actually written into the mortgage document to begin with.If one is transferring property title from personal name, a Grant/Warranty Deed would be drafted/recorded to transfer title.
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6 January 2025 | 5 replies
The equity gap can definitely be a challenge but there are still deals out there - typically with homes that were purchased in early 2022.
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14 January 2025 | 28 replies
It’s typically all of the work to get numbers to enter on the return!
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4 January 2025 | 6 replies
Then laws changed and SSN's became our IDs and we could no longer typically ask for them in my area as a landlord.