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23 October 2024 | 2 replies
My understanding is that most lenders will file a mortgage lien on the subject property as soon as the loan is signed so as to preserve their rights, but what if the lender did not do so before the borrower defaulted?
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12 November 2024 | 11 replies
I understand the inspection would affect the value of the policy but I don't see why it stops me from getting the policy.Is this normal?
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12 November 2024 | 4 replies
As of today, the current average interest rate for a 30-year fixed mortgage in the US is 6.91%.DSCR mortgage rates are typically anywhere between 1% and 2% higher than conventional loans.Please feel free to reach out directly with any questions or concerns.
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12 November 2024 | 13 replies
I am looking for a way to log all the hours and activity spent on the properties. 1.
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13 November 2024 | 0 replies
I recommend that you learn the tax code and take ownership over your strategy.Not having some foundational knowledge and an opinion on how to approach taxes as a business owner is a huge mistake.In my experience, every single business owner who says "I just let my CPA worry about it and I focus on my business" is doing a suboptimal job at tax planning.They are likely missing out on 10s or hundreds of thousands in saved dollars every year.Stop making excuses and get to work.Just a few months of part-time learning about taxes will pay you for the rest of your career.
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12 November 2024 | 3 replies
I would start with the Fair Market Rents (FMR) in the county where the property is located and use that as a basis to negotiate from there.Thanks Jaycee, are to referring to the HUD website?
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12 November 2024 | 7 replies
Sometimes large employers will rent furnished apartments for their employees coming to town on a regular basis.Also, if you believe strongly in the appreciation of the house, how bad would the negative cash flow be if you did long term rental?
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12 November 2024 | 4 replies
The homeless take over hasn't helped.
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12 November 2024 | 1 reply
Hard Money and Private Money How did you add value to the deal?
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12 November 2024 | 1 reply
I wanted to have a spot to rent out and cover the monthly mortgage payments while securing a small spot to have for myself in the next 30 years for when I no longer reside in Charlotte but want to visit friends, or downsize.