1 January 2021 | 1 reply
Anything you can show them that you did to improve the property, can help substantiate a higher value.
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13 January 2021 | 6 replies
Now with that being said, I have the big decision to either sell in May (1yr mark), park my cash, rent an inexpensive house and let the cards fall, or stay in the house, pull a $250k line of credit and run the risk of losing a substantial amount of equity in the coming correction.
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15 January 2021 | 5 replies
Lender's procedures and their approach vary substantially.
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15 January 2021 | 5 replies
I feel like that I’d clear enough to substantiate her intent to leave but correct me if I’m wrong.
14 January 2021 | 3 replies
I could see if the sales price was substantially lower than the appraised price, but it seems like the lender is being a little too weary.
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12 January 2021 | 3 replies
I'm curious as to whether any experienced landlords have had success with the technique of refinancing the same property twice, with the first being a cash-out refinance and the second being a rate-lowering refinance.Having done both types of refinances before, I'm well aware that if you want cash out, lenders penalize you with substantially higher interest rate and point requirements.
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13 January 2021 | 7 replies
The disadvantage of taking this role is that I would not have the unlimited income potential of becoming a traditional Real Estate agent with a brokerage that has a robust training/coaching program.Alternatively, the decision to move forward as a traditional Real Estate agent would likely deliver a much higher income (~$60K/year more during the first year), but this income is not guaranteed and I likely would need to put my investment goals aside for 2-3 years until I have proof of income to receive a second mortgage.For context, I have student loans and a substantial first mortgage, so it could potentially be adventageous to take the traditional RE role and pay off debts before purchasing a second property.
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18 January 2021 | 7 replies
At some point, when the foreclosure moratorium goes away, I bet we will see a lot of distressed homes coming onto the market.Mark, We're seeing home values increase substantially, therefore pricing out of the sub 150k market - not necessarily people not being able to afford to move.
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27 January 2021 | 9 replies
Same concept here only you take a substantial deposit $10K plus and it is non-refundable.
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7 July 2021 | 9 replies
The benefits are substantial, typically $60k to $100k in upfront cash flow on a $1 million property purchase.