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26 September 2018 | 3 replies
Some background information would include:- My business partner is fine with either forming an entity to borrow money to fund the investment or borrowing under my name.
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8 September 2017 | 14 replies
The FNMA condo guidelines are all here https://www.fanniemae.com/singlefamily/project-eli...Condo projects and properties which don't meet Fannie Mae and Freddie Mac warrantability standards are known as non-warrantable.Non-warrantable condos are more challenging to borrow against.Typically, a condo is considered warrantable if:No single entity owns more than 10% of the units in a project, including the developerAt least 51% of the units are owner-occupiedFewer than 15% of the units are in arrears with their association duesThere is no litigation in which the homeowners association (HOA) is namedCommercial space accounts is 25 percent or less of the total building square footageWhat you want is lender that will lend on NON warrantable condo project.
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18 May 2016 | 3 replies
This money I can borrow privately at 2%, undetermined term but I would hope to refinance once the property was up to par and rented out.All in: 110kSo that I'm not misleading, I'll say here that the area is probably C-, right on the east edge of Washington Park for you Milwaukee natives, and that this could pose difficulties (or perhaps scare off many investors?).
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20 May 2016 | 11 replies
This money I can borrow privately at 2%, undetermined term but I would hope to refinance once the property was up to par and rented out.All in: 110kSo that I'm not misleading, I'll say here that the area is probably C-, right on the east edge of Washington Park for you Milwaukee natives, and that this could pose difficulties (or perhaps scare off many investors?).
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18 May 2016 | 2 replies
I'm like 90% purchase business and generally prefer it that way (buyers are more motivated borrowers than refinancers, so I don't have to chase them around for paperwork), but when one like this that sells itself no matter how you cut it (did you notice I bumped your rate like half a percentage point and could still sell it to you?
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9 June 2016 | 2 replies
Borrowing a good idea I saw for a post that was applied to Northern Cali.
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20 May 2016 | 10 replies
I am learning about crowdfunding now and am wondering...Do most crowdfunding companies allow for DIY renovations by the borrower?
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23 May 2016 | 11 replies
I have lots of clients in the same boat- just getting started and trying to make the best possible choices as they move forward.
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20 May 2016 | 5 replies
You only pay on the amount borrowed.
24 May 2016 | 33 replies
Real estate is super flexible and a great career choice when you've got kids, but the reality of the situation is that you will need daycare of some sort, even ifor it's just a babysitter that is on call and available a day or two a week.