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13 April 2020 | 10 replies
Lack of capital - Successful newbies: use FHA or Low-down payment conventional financing; Find a co-signer; Use 'gifted' funds for down payment; Save capital while working on their market knowledge and resources.Lack of market knowledge - Successful newbies: Use resources like BP and local meet-ups to stay current with market activity and trends.Lack of resources - Successful newbies: Partner with a local team of professionals - Wholesalers, investors, Realtors, lenders, attorneys, etc.
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15 April 2020 | 10 replies
.- I had to use my father as a co-signer to get approved-I have a HELOC total of $150,000 (using my home and my rental)-Interest rate is between 3% -4%-If I transfer all of it, my monthly interest payment would be roughly for $440I know there is a chance they might not closed the line of credit, and in that case I would be losing that amount every month.
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16 April 2020 | 5 replies
Building department has no documentation to back this statement up except a CO that was issued to us at the closing stating it is 2 units by them.
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18 April 2020 | 3 replies
(It doesn’t matter whether the loss is deductible on your tax return.)You, your spouse, a co-owner of the home, or anyone else for whom the home was his or her residence:Died;Became divorced or legally separated;Gave birth to two or more children from the same pregnancy;Became eligible for unemployment compensation;Became unable, because of a change in employment status, to pay basic living expenses for the household (including expenses for food, clothing, housing, medication, transportation, taxes, court-ordered payments, and expenses reasonably necessary for making an income).An event is determined to be an unforeseeable event in IRS published guidance.Other Facts and CircumstancesEven if your situation doesn’t match any of the standard requirements described above, you still may qualify for an exception.
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27 March 2020 | 12 replies
I was communicating with the title company, letting them know about fees, commissions, etc.Title comes back and says the sellers agent notified them that I am not receiving a co-broke commission on this deal.
6 July 2021 | 10 replies
If you built the garages, installed the pool, etc without permits and inspections, you'll have many more problems with getting those passed by your township than you may think.The solution I would recommend is to have your parents refi, put the property into a trust, you can be a co-beneficiary, and when you can afford, give them whatever money you have agreed to and have them quit claim their beneficial interest in the trust to you.I am a realtor, not an attorney, so please seek out a qualified attorney to get you set up.
26 March 2020 | 2 replies
On of my tenants is asking me if she can bring a co-worker to stay at the apartment temporarily.
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8 April 2020 | 14 replies
I was a co-founder of BostonAREIA, and know exactly what the bad blood was.
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8 April 2020 | 2 replies
Anyone have any advise or strategies to get a HOLOC on a CO-OP?
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3 April 2020 | 0 replies
So I'm able to close right now on a co-op here in NYC and my rate lock on the mortgage expires next week.