Brendan M Hornung
Tenant Wants to Terminate Lease After 1 Week
12 July 2024 | 9 replies
The tenant is obligated to all lease terms until a new lease starts.
Melissa Allen
Tricky question about HELOCS and retirement account loans
12 July 2024 | 8 replies
The HELOC was the original plan, but it was going to take too long to close so we did this instead.My 403b has a value of roughly 85k and has a remaining loan balance of about 22k… about $700 per monthMy husband’s 457 has a value of roughly 180k and has a remaining loan balance of about 30k… about $850 per monthSince the HELOC is a variable rate, I’m hesitant to use a large amount from that.
David Pulido
Referral Fees Inquiry
10 July 2024 | 6 replies
The way we look at it however is this sort of situation would be OK - but its a one time referral fee - any sort of arrangement with a long-term referral fee / borrower protection is reserved for true professional mortgage brokers - who like @Chris Seveney mentioned, would be doing more legwork on the deal vs. a simple and clean referral handoffvia CFPB on referral fees for business-purpose hard money loans:§ 1024.5 Coverage of RESPA.THIS VERSION IS THE CURRENT REGULATIONView all versions of this regulationSearch this regulationRegulation X(a) Applicability.
Jaime Pinedo
Where should I look to buy in San Antonio?
9 July 2024 | 8 replies
It really depends on what strategy your trying to implement as some areas are better for STR/MTR then long term and vice versa.
Ryan G.
Top Markets for BRRRR 2024
10 July 2024 | 32 replies
I would think about this in terms of A) prices to access the market and B) overall market growth.
Shan Radhakr
Question re: Tax implications for Seller leaving money in the deal
11 July 2024 | 6 replies
The Seller is interested in leaving up to $0.5m as a preferred equity/debt as long as she doesn't have to pay tax immediately on the $0.5m that she doesn't receive on closing.
Sergio P Ramos
Investing in Florida
12 July 2024 | 15 replies
What we are seeing is a massive increase in the number of properties for sale which has resulted in more competition between sellers and more of a balanced market than we've seen in a long time.If we continue to have a high number of properties for sale and a shortage of active and able buyer's then we should have some really solid buying opportunities even if the overall market doesn't drop.
Kyle Bouldin
Multifamily New Builds
11 July 2024 | 8 replies
Either offering a unit or two as short-term rentals available with a space of horses to stay as well; a horse motel is the idea.
Gabrielle Kremerman
What is the best way to sell my property?
11 July 2024 | 4 replies
Hi, I have started flipping houses not long ago but I think the hardest part for me is finding buyers.
Dewey Paxon
Advice on a hard decision (should I sell my STR in the Dominican Republic)
9 July 2024 | 16 replies
Assuming it's worth 1.75 million, it might take you a very long time to sell at that price (possibly years).