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15 August 2015 | 9 replies
. ---- easy docs income (non-prime rates, with bank statements for proof of income) for the true money making borrowers that cannot provide tax returns, (minimum FICO 620, minimum down 20%) ---- stated income / hard money, (no minimum FICO, minimum 25% down) ---- 97% LTV conventional loan ---- 95% LTV conventional loan with no MI monthly payments ---- 1/2%(half percent) down, minimum FICO 580 and above ---- 579 FICO and below, minimum 10% down ---- regular 3.5% down FHA, minimum 580 FICO and above ---- “A” paper Conventional, FHA, VA and No FICO ---- condo with insufficient reserve (no HOA cert required) ---- non-warrantable condo ---- non-owner occupied purchase with 15% down ---- reverse mortgage (no FICO and monthly payments) ---- stand-alone 2nd TD ---- Commercial: apartments (5 or more units), mobile home parks, self-storage, office building, mixed use, gas stations, church, land & constructions loans, etc… I welcome any scenarios you may have.
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14 August 2015 | 4 replies
I agree with this statement by @Brandon Stevens@Steve Spencer probably would be a good person to talk with for what you are looking to do.You can also use the "network" button and search for "wholesellers" in and around your area as well.
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21 January 2019 | 58 replies
We also use a licensed loan servicer that sends monthly statements and calculates payoff etc.No attorney will verify that we are completely complaint because Dodd Frank has some ambitious rules.
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29 August 2015 | 8 replies
It is a little simpler to "evict" by way of auction.When evaluating a self storage deal, I'd look at the income statement to determine if there is opportunity for value add.
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14 August 2015 | 4 replies
However, I have a question now that I received the insurance company's proof of loss statement, which basically lays out how much money I will receive for repairs.
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30 August 2019 | 7 replies
I’d be curious if you could work that hedge option premium paid into your income statement also for year end as an expense or cogs.
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15 August 2015 | 4 replies
As a licensee in CA that is not actively working as an agent I simply add a statement to the purchase contract which reads "Buyer holds a real estate license and is buying property as a personal investment".
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14 August 2015 | 3 replies
Currently it is only available for iOS.To respond to your general statement, we definitely are interested in improving our mobile experience.
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18 August 2015 | 4 replies
If you provided blinds when they moved in, and you suddenly see a sheet over a window, remind the residents they are responsible for replacing that blind when you send your next statement to them.
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18 August 2015 | 8 replies
Nat, I corroborate your statement about realtors and tenants.