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5 May 2019 | 5 replies
The plan is to sell him one of my properties.I currently do not qualify with banks due to my income to do a cash out refi.My plan is to pull enough equity to pay him a deal fee and enough to create 3 new rentals and combine my current debt all into a 30 year mortgage payment to allow me more yearly cash flow.I will still have ownership of the rental but he will be the owner on paper.
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3 May 2019 | 11 replies
And that is the plan...to cash out refi in about 1-2 years and pay back the investors while retaining majority ownership of the asset.
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10 May 2019 | 5 replies
The framework of a 203K or the HomeStyle Renovation loan is about as forgiving as it gets when it comes to lowering the barrier to entry for home ownership and improving neighborhoods (they don't have to be blighted).
3 May 2019 | 13 replies
If you're considering selling your home I would definitely take advantage of the Home Sale Tax Exclusion: https://turbotax.intuit.com/tax-tips/home-ownership/tax-aspects-of-home-ownership-selling-a-home/L6tbMe3DySince you're married, if you've lived in the property for two full years or longer you would be eligible for the $500,000 tax-free amount.
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2 May 2019 | 2 replies
Im hoping that using all cash to establish outright ownership of the property eliminates the personal income question come refi time.Thank you.
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1 May 2019 | 0 replies
It sold at a 25% profit after 3-4 years of ownership.
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9 May 2019 | 46 replies
My ideal tenant is someone who's renting because they don't want the responsibility of home ownership, not because they can't afford home ownership - but it's not as if I screen for that.So, I strive to provide clean and safe homes at affordable prices and not be a jerk to my tenants.
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5 May 2019 | 9 replies
., contractor or supply house receipts).I've also been told some judges will want to see proof of ownership so bring a copy of any deed(s) related to the property.
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4 May 2019 | 142 replies
I mean they’re dogs folks....Let’s call a spade a spade... no bad dogs only bad ownership.
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2 May 2019 | 5 replies
This far exceeds the maximum allowed ownership by a single entity of 10%2.The HOA budget indicates that the HOA is not allocating any funds to its reserve account in 2016.3.Investor concentration at 62% exceeds max allowed of 50%At this time there is no exception available and the application will be declined."