1 March 2015 | 10 replies
OR do I try to subordinate my HELOC under the new loan but run the risk that mortgage rates go up by the end of March effectively decreasing my cash flow amount?
2 March 2015 | 18 replies
Other examples would be private lending for down payments, borrowing from family (not possible for me), doing a owner-occupied investment and saving the rent I would normally have paid for a year and then reinvest (this is my plan as of yet, but it seems that it would take a long time before I accomplished my goals), using a credit card to fund deals (which I will not do), partnering (very skeptical of some others motives since I am new), selling after a year or two (speculating appreciation of course, which is bad news) and various not so friendly ideas.Can anyone shed some light to what ways that I can roll into the next property fast so I can start the snowball effect in the first year?
25 February 2015 | 6 replies
If they can operate effectively in that area and you do your due diligence, that will help performance of the investment.
25 February 2015 | 5 replies
Financing does not add value to real estate, but can to your intrinsic value in an amount equal to your financing alternatives or what other financing would cost.Sounds like it's overpriced.I don't care for condos due to the unknown of HOAs.Is it a FHA approved complex, if not financing will be difficult and he may need to finance to sell it, that means you'll be stuck on refinancing or in your selling too.You also want to know the % ownership of owner occupied as that can effect financing.Your refi options in 5 years may be limited too, you may need 25% equity for a no cash out refi, so check with area lenders as to what they expect to be offering. 5 years is long.Look at the By-Laws of the HOA, they may be able to adopt rules with a 51% vote of owners, what do you do if they say no rentals?
25 October 2017 | 25 replies
Also, it is now effectively illegal to construct any more MHPs in America.
20 March 2016 | 14 replies
You could create a website that is just as effective and costs you a quarter of the price using squarespace, wix, weebly, or wordpress.
25 March 2015 | 6 replies
If there is a title defect, the owners policy should in effect cover both of you in this circumstance.
15 October 2015 | 8 replies
Or is there a more time effective way to do that?
27 February 2015 | 15 replies
At that point in most markets you wouldn't want an agent listing 25K or more above market.I think the main thing for looking for an agent is to find someone that you can work with effectively.
14 May 2015 | 7 replies
Finally, at the first o this year a law went into effect mandating banks to set aside a 100% reserve on any construction loans that they approve in a non-interest bearing account.