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29 July 2023 | 19 replies
., prohibits discrimination by direct providers of housing, such as landlords and real estate companies as well as other entities, such as municipalities, banks or other lending institutions and homeowners insurance companies whose discriminatory practices make housing unavailable to persons because of:race or colorreligionsexnational originfamilial status, ordisability.If it were simply a science then EVERY landlord and property manager would be successful.
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25 January 2023 | 46 replies
This includes private financing, institution lenders, conventional lenders, etc.
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29 June 2021 | 7 replies
@Mallikarjun Reddy Pateel most institutional hard money lenders will want to see a minimum credit score of 620.
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22 October 2023 | 55 replies
As for myself, I think title insurance is both a self serving institution and a necessary evil.99 times out of 100 it never amounts to anything, and the 1 time out of 100 that a transaction finds an issue, they use tools they have created with other underwriters, like indemnification letters or quit claim deeds to nullify the policy, to kick the can down the road or remove their liability all together.However, the one time you need it, you sure are glad you got it.My favorite saying about title insurance is, “it doesn’t matter if it’s right or wrong, it’s what they’ll underwrite.”I know how to read chain of titles and find and fix most title issues, so in some of my investing strategies I will take the properties “subject to all liens and encumbrances,” without title insurance.However, there still is a limit.
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12 August 2023 | 7 replies
Banks and credit unions can also offer flexibility for investors that engage in strong relationship-building strategies, offering discounts and solid loans in exchange for borrowers willing to use the institution for other purposes (savings accounts, etc.).
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16 October 2019 | 8 replies
I graduated from Armbrust Real Estate Institute in the Denver Tech Center.
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19 October 2023 | 2 replies
The hint here is that you usually cannot get financing from any institutional lender on something like this...so you would likely need to go fundraise to execute on a project of this scope.
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23 October 2023 | 5 replies
So long as the big institutions are not gobbling them up.
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26 October 2023 | 18 replies
There are also the By-Laws, Declaration, and House Rules (sometimes collectively "DCC&R") that spell out what your responsibilities are, what are HOA responsibilities, and how those responsibilities are to be carried out by all parties.To learn about HOA's check for a local chapter of Community Association Institute, they have great resources for Owners and for Board Members that are, in theory, running the HOA. the CAI explains how they are supposed to be operated, based on State laws and Best Practices.
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25 October 2023 | 5 replies
They don’t meet the requirements of the typical lending institution.