12 October 2017 | 5 replies
Title company, Insurances, Contractor(s), know the market, know the days on market for properties.Find out from lender if there are monthly minimums, how many loans they're closing monthly, how quick it will take to close, and what they will need from you.You're going to want to operate quickly because the longer you have the money the more it will cost you, so get your ducks in a row.
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12 June 2018 | 20 replies
Originally posted by @Thomas S.
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14 June 2018 | 13 replies
This would be about a 5.7% CAP when renting out for $1,500.https://matt.rmxequity.com/homes/832-W-Lennox-St-S...
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7 January 2019 | 7 replies
SELL the property now.Rent a place, build your credit and get your s**t together.It's a no brainer.
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4 January 2019 | 9 replies
✓Requirements for a Delayed Financing ExceptionThe original purchase transaction was an arms-length transaction.For this refinance transaction, the borrower(s) must meet Fannie Mae’s borrower eligibility requirements as described in B2-2-01, General Borrower Eligibility RequirementsThe borrower(s) may have initially purchased the property as one of the following:a natural person;an eligible inter vivos revocable trust, when the borrower is both the individual establishing the trust and the beneficiary of the trust;an eligible land trust when the borrower is the beneficiary of the land trust; oran LLC or partnership in which the borrower(s) have an individual or joint ownership of 100%.The original purchase transaction is documented by a settlement statement, which confirms that no mortgage financing was used to obtain the subject property.
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3 January 2019 | 4 replies
I have mine set up as an LLC with an s-corp filing at the IRS.
24 January 2019 | 4 replies
If a CPA, make sure s(he) practices estate tax planning.
27 January 2019 | 11 replies
I know nothing about this man except for he appeared to be in his late 60's as well.
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3 January 2019 | 19 replies
Thomas S.