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8 October 2015 | 5 replies
And it is possible to use leverage for such purchase, but the loan has to be non-recourse (conventional financing will not work since you as disqualified person are prohibited from providing personal guarantee).
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27 October 2015 | 12 replies
They offer a 30 day money back guarantee and I'd like to get a refund but one of the requirements is a "UNINSTALL CODE" Does anyone know what this is or how to get it?
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6 October 2015 | 0 replies
Would any mortgage lender allow an already existing corporation purchase the property with a personal guarantee from my self and my business partner?
7 October 2015 | 13 replies
The longer your entity exists the sooner it can start getting its own credit separate from yours, even though you may have to guarantee that credit when your entity is young.
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13 October 2015 | 12 replies
Thank you for all of the responsesI did have something else to ask, and see if this is even a possibility of happening....Come Closing, and assuming that there's $25,000 in Equity on the property ( $90,000 appraised value ( ARV ) MINUS the purchase price + closing costs = $65,000 = $25,000 )So the $90,000 ARV is from the Lender's Appraiser and is giving them a Here and Now Value on the property So given that the Lender knows that there is " Guaranteed " $25,000 Would the Lender not be willing to give me $7,200 in cash at closing ( based from them ding a LTV of 80% on the ARV of $90,000 ) ?
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27 April 2016 | 4 replies
ARV is same as purchase price as per final appraisal.Loan status = approved for a non recourse loan.PITI = 765 per mo HOA = 35 per month Property will have a guaranteed rent for 12 months of 1175 (similar properties renting for 1100-1200 in the area )After capex, future repairs deduction I will be cash flowing 140-160Market is growing fast.Should I close on this dealThanks again as always
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29 April 2016 | 12 replies
Some landlords have the guarantors actually be co-signatories to the lease, I would advise strongly against putting them on the lease (which gives them right to access as any other tenant), but execute a separate guarantee agreement with then in which the assume the financial obligations of their guarantee (who is on the lease), but have no further rights ... essentially they have the right to pay the bill if Little Johnny messes-up.If you renovate with students in-mind (durability, ease to clean, current), you do not need to have high-end finishes (no granite counters), but do use quality, mid-grade materials.
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22 January 2020 | 19 replies
I am buying my second home using VA while my first is still a VA guarantee loan.
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3 May 2016 | 2 replies
Appreciation is speculative and not guaranteed.
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3 May 2016 | 4 replies
A Warranty Deed provides a number of guarantees from the seller to the buyer.