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8 January 2013 | 7 replies
I would request to see bank statements from the past 3 months showing a balance of at least 9 times the monthly rent.
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1 April 2014 | 11 replies
First you structure the deal with a down payment from one source and the balance from another, be it a HML or similar.
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1 April 2014 | 10 replies
At some point you will own the property outright and get paid even more each money.Striking the balance is a tough part of the investing game.
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24 September 2015 | 9 replies
There is no payment history.You should at least get a loan balance & next payment due from the Note Seller.
13 August 2014 | 15 replies
The mortgage balance is irrelevant to your friend.
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14 November 2014 | 6 replies
Credit score, LTV, how many rentals you have, what balance of rate/closing costs you want, etc. all have impact.Just ballparking, you should be able to get a lower interest rate.
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4 July 2016 | 13 replies
I negotiate with the lender a discounted price for the remaining balance of the loan,once that figure is agreed upon, sell the property to the new buyer.
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31 March 2017 | 11 replies
@Joe Rinderknecht If your remaining balance is 160k, and the appraisal came in at 210k, your LTV is over 76%.
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10 November 2017 | 7 replies
or are you referring to the UPB being 50% of original balance?