
6 December 2015 | 3 replies
The holder of the debt.Do not charge fees, it's not a finance company.Interest is as agreed, you need to check usury laws for the state and stay under that rate, generally usury law will not apply in a commercial loan.A note is not a qualifying asset for an LLC as a capital contribution for compliance where capital may be required.Look up sham transactions as well, I have no idea what you're trying to accomplish.

12 January 2016 | 8 replies
There can be no direct or indirect benefit or transactions between a disqualified party and a plan.

23 April 2022 | 41 replies
It just means she has the right to represent someone in a transaction in which she has no interest.

8 December 2015 | 6 replies
There are 3 beautiful fireplaces that are not safe to use.

7 December 2015 | 4 replies
The only danger is the banks due on sale clause so make sure you can qualify to fiance a new mortgage @Brian Gibbons is an expert on subject 2 transactions and he can further help you Good luck
10 December 2015 | 2 replies
A) 5/1 ARM – 20-year Term; Up to 30-year AmortizationInterest Rate Options:1) L5 Resi Owner-Occupied 5/1 ARM No Point Rate + 1.00% + 1 point2) L5 Resi Owner-Occupied 5/1 ARM No Point Rate + 1.50% + 0 pointPresently: L5 Resi Owner-Occupied 5/1 ARM No Point Product is set at 2.50% therefore, the CML Non-Owner Occupied 5/1 ARM rate would be1) 2.50% +1.00% = 3.50% +1 point2) 2.50% +1.50% = 4.00% + 0 pointTerm: Max: 20 yearsAmortization: Up to 30 yearsFloor: The initial rate on the transaction will be established as the Floor rate for the life of the loan.Repricing: At the end of the initial 5-year period, the interest rate would reset to the then 1-year T-Bill Rate (Index) plus 325 basis points (margin)No prepayment penalties requiredInterest Rate Repricing Caps: 2% +/- at each change date; 5% +/- over life of the loanClosing fees: Utilize mortgage calculator fee scheduleStandard commercial real estate loan underwriting guidelines are required (i.e.
2 June 2016 | 5 replies
In reality, your holding costs will likely be zero, @Qendrim Marku, since it's doubtful you'll find a hard money lender to fund this deal under the scenario you presented.Because of the overly strict regulations that govern home loans, such as Dodd-Frank and the SAFE Act, most hard money lenders will not loan on owner occupied properties.

7 December 2015 | 3 replies
Seller understands that Buyer is acting as a principle [sic] in the transaction and is not working as a real estate broker representing anyone other than himself in this transaction....4.

8 December 2015 | 8 replies
You might look at joining a team to get some transactions under your belt.