Sam White
2014 Mortgage Changes
30 December 2013 | 4 replies
I'm seeing a more aggressive stance from what is being claimed by members here on BP, such as cash out refis after 6 months, it must be in areas where property values are going back up at a faster rate in general.On the conservative side, prudent lending practices will be stressed, meaning that a lender may not do so much of those "if it makes sense, we loan it" type deals, it may be tougher for a deal to make sense.All in all, I doubt a qualified borrower will see much of a difference on the street as the new changes will be played out in the operations side of the lenders and their relationships between other lenders and securitized markets.Actually there are more aggressive measures in making a loan, the debt to income for a residential loan has gone from 36% to 43% allowing borrowers to qualify with more debt!
John Hixon
Investors for down payments
27 December 2013 | 7 replies
As @Joe Gore mentioned, you won't be able to do this with any bank that underwrites loans for fannie or freddie, which is *most* banks that offer a 30 year note.One way around this is using commercial loans which will allow you to set up an LLC with an operating agreement that stipulates all of the details of the arrangement.
Lolly Spindler
Paying for Real Estate with Bitcoins
28 February 2014 | 14 replies
Bitcoins operate on a peer-to-peer (P2P) as opposed to a client-server network, meaning you deal directly with the person from whom you’re buying.
Chris Pasternak
Knowing when to get a new realtor
30 December 2013 | 23 replies
But once you have a great team your business will run, operate and be 100 times more successful than getting any random person off the street.Unfortunately, in this business there are a lot of lazy people who want rewards but do not want to work hard for it.Sorry this was so long but it's been really important in my business.
Samson Kay
23-Unit Building with Negative Cash flow
27 December 2013 | 8 replies
Now he isn't feeding this thing every month, and he still realizes some principal paydown and depreciation and interest deductions.You take on all the current leases and operating expenses.
Ed Wood
Commentary: What's in Store for Housing in 2014, Part 1
31 December 2013 | 9 replies
I bet too it will be temporary, guessing.
Dee Xixi
Asking for early equity buyout
27 December 2013 | 1 reply
What is the instrument that binds you,such as your operating agreement or partnership agreement or subscription documents say about redemption?
Dave Shellenberger
Buying HUD home as investor before 10 day wait
30 December 2013 | 23 replies
. $100 wager to anyone interested that says HUD doesn't do anything, other than maybe prohibiting him from buying HUD homes in the future.I won't take this bet because, as far as I know, their policy against first time HUD OO violations isn't widely enforced.
Matt R.
Newbie Analysis of my first deal soon to close
28 December 2013 | 10 replies
I'd grab that Section 8 tenant ASAP.The deal looks solid.Did you account for at least $150/month (my number) for maintenance, basic operations (lawns and snow) and big ticket repairs?
Joe Luciano
Just Starting with buy and Hold - LLC or S Corp Needed?
29 December 2013 | 29 replies
@Joe Gore,All bets are off if you have already been sued, that's what I was talking about by court orders.