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19 May 2024 | 25 replies
If your main driver is saving money please pay the professionals.
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20 May 2024 | 3 replies
Hi bought ten lots of land in Sebring Florida its R# zoned paying for upfront construction cost need help with getting a mortgage once its built so I can continual to build on the rest of the lots going to be about 18 homes made of containers I have 3 other investors working with me.
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20 May 2024 | 10 replies
He would pay my mortgage payment and assume all responsibility for home maintenance until such time as he can qualify for financing.
22 May 2024 | 18 replies
Why would a borrower go to a retail bank and pay a premium rate when they can go to a mortgage broker that’s tied to wholesale lenders exclusively and save money on closing costs and interest rates?
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20 May 2024 | 11 replies
Ideally, you get them to pay you directly for the cost.
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20 May 2024 | 8 replies
More importantly, there no great bargains there…people are paying at or close to market value.
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20 May 2024 | 6 replies
If you don't pay they have the power to foreclose and also to force payment thru a judgement if you ever sell the house.
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21 May 2024 | 4 replies
I've been searching for a while here on BP but have not found a thread related to my situation:I've been renovating and renting a property for just over 2 years and may be in a position to sell/close in the next 30-60 days.I am trying to cut-off major projects at this time to make a clean break, however we have committed to replacing windows in one of the units (windows are already ordered), with total project lead-time of 45-60 days (windows have been hard to get for the past year).In the event we have a closing date PRIOR to window installation, how should we handle paying the contractor?
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20 May 2024 | 14 replies
In this scenario, you are lending money to yourself as an individual, it allows you to make regular mortgage payments to yourself rather than paying the P+I to a bank or other lender.The first step is to qualify for a Non-Arm’s Length Mortgage with a financial institution.
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20 May 2024 | 6 replies
However, if you think rates will decline in the next 2-3 years and you're deal flow will be intermittent (i.e. 1-2 deals a year with some months without activity) I would lean more towards the HELOC as you only pay interest on the amount you access/withdraw.