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3 December 2024 | 12 replies
I've seen people get dropped from carriers and claims denied because they did not disclose that the use of the home changed.
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29 November 2024 | 8 replies
You can have some student housing, regular long-term rentals, and even some STRs if you choose.
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1 December 2024 | 5 replies
The folks who are placing families affected by a need for an insurance claim have an "inbox" that is overflowing.
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2 December 2024 | 10 replies
Borrower Types: The Professional - HM Lender will cut sweet-heart deals to keep these borrowers around Experienced real estate investors Regularly engage in property transactions Typically have a track record of successful projects The Newbie - Charge Higher everything as the risk is higher as no experience Novice investors or first-time borrowers Limited experience in real estate Seeking to build their investment portfolio The Deadbeat - Only lend if the deal is so SWEET, they can't lose if they take the property from the Borrower Borrowers with poor credit history or financial difficulties High-risk borrowers May struggle to secure traditional financingThe lender will do an application on the deal/borrower and some standard docs they require are:Hard Money Application / ExperiencePurchase contractARV report – COMPS – See * Redfin*Pictures of Property – most people use Dropbox to shareProof of Funds – Down / Reserves (Bank Statements)Personal identification (ID or passport)But usually if the deal is sweet enough, they will do it anyway because if the deal goes south, there is so much equity/value in the property that the HM lender can't lose.
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30 November 2024 | 0 replies
A good broker remains transparent throughout the process, providing regular updates on loan applications, lender responses, and any emerging challenges.
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28 November 2024 | 10 replies
As mentioned above, you can quit claim ownership of the property, but you are right- lenders don't like that.
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28 November 2024 | 18 replies
Quote from @James Wise: Quote from @Imdad Rahman: I've come across some online courses, particularly those by individuals like Tom Cruz and Section8Karim, who claim to provide valuable insights and strategies for successful Section 8 investing.
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5 December 2024 | 87 replies
It may apply to the fund you purchased years ago, but I don't think you are claiming knowledge of the currently paying or available funds.Most of your prior PPR-related posts have been directed at the funds, not individual note buying.
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26 November 2024 | 86 replies
We will cover the story in detail, with regular updates, through to resolution.
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17 December 2024 | 86 replies
However, be prepared for the properties to meet certain health and safety standards, as Section 8 housing requires regular inspections.5.