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14 January 2025 | 9 replies
While very lucrative - if you don't have enough reserves, it can really break the bank.
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11 January 2025 | 420 replies
Banks can shut down an equity line at a whim, so there is a strong risk there.
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9 January 2025 | 0 replies
Bank Financing How did you add value to the deal?
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14 January 2025 | 10 replies
I wouldn't bank on selling within 2 years.
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20 January 2025 | 23 replies
I would suggest either talking with a local bank/credit union about refinancing your existing portfolio and/or one that shows they do MHP loans on their website.
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22 January 2025 | 13 replies
Banks need for them to build recognized credit before doing an FHA type loan.
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6 January 2025 | 4 replies
Banks use the Net not the gross so it’s not what you make its what you show to the IRS.
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14 January 2025 | 4 replies
Does she or I call the bank to see if it's possible to transfer?
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18 January 2025 | 12 replies
@Mike Terry Yes, it is conservative, but that's because it's the operating expense margin that most of the banks I work with for my clients use in their underwriting.
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9 January 2025 | 9 replies
These penalties include:Five years in prisonUp to $500,000 in finesEquity Skimming may also result in Conspiracy charges, specifically conspiracy to commit bank fraud and false statements to influence a financial institution.