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2 February 2024 | 3 replies
if so, would this process be difficult?
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2 February 2024 | 2 replies
This is the best product for investors that allows for the easiest preapproval and underwriting process.
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2 February 2024 | 3 replies
I ALWAYS tell the wholesaler to make sure they are transparent with the end buyer and their lender because MANY times if they aren't transparent about the double closing then the underwriter will catch it last minute and bring up the fact that the current deed holder isn't the wholesaler and that will kill the deal many time.There are some underwriters that don't catch it and things go smoothly.Then there are some conventional lenders that aren't familiar with the process and think it's fraud and won't lend on it.So sometimes I inform the wholesaler to let the end buyer go direct with the seller, do a single closing, Increase the purchase price by the amount of the wholesalers spread and put the fee on the SELLERS side of the HUD because the lender WILL NOT pay for the wholesalers fee, but if it's wrapped into the initial AB contract (now between the seller and end buyer) then the wholesalers spread isn't brought up, it's merely a line item on the SELLERS side HUD and nothing to do with the conventional lender and it will close "100%" of the time because it's a normal ordinary closing to that lender then.
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2 February 2024 | 4 replies
Before signing with a PM or any third party you should be making sure their systems and processes align with "the way you do things".
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2 February 2024 | 8 replies
Hello everyone,I'm in the process of deciding the best course of action for selling my property, and I could use your collective wisdom or experiences on this matter.
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2 February 2024 | 11 replies
Yes, go down and talk to you DOB (or whoever handles the permitting), and ask if they can tell you how many of the other inspections were actually completed on schedule during the building process.
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1 February 2024 | 16 replies
A few value-adds as well such as photography & interior design.
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1 February 2024 | 19 replies
The process that is accompanied with registration ( different filings with the city) is very tedious.
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2 February 2024 | 5 replies
Leverage, how fast they can close, interest rate, origination, processing fees, etc.
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2 February 2024 | 24 replies
I think you will find that the process for STRs is pretty similar as the LTR space, but the underwriting on getting financing for them can get a little tricky.