Matthew Gilbert
Getting property into a C Corp
6 October 2015 | 0 replies
Would any mortgage lender allow an already existing corporation purchase the property with a personal guarantee from my self and my business partner?
Account Closed
Establish a LLC Expectation
7 October 2015 | 13 replies
The longer your entity exists the sooner it can start getting its own credit separate from yours, even though you may have to guarantee that credit when your entity is young.
Michael Dunn
No-Seasoning Cashout-refi .... Confused
13 October 2015 | 12 replies
Thank you for all of the responsesI did have something else to ask, and see if this is even a possibility of happening....Come Closing, and assuming that there's $25,000 in Equity on the property ( $90,000 appraised value ( ARV ) MINUS the purchase price + closing costs = $65,000 = $25,000 )So the $90,000 ARV is from the Lender's Appraiser and is giving them a Here and Now Value on the property So given that the Lender knows that there is " Guaranteed " $25,000 Would the Lender not be willing to give me $7,200 in cash at closing ( based from them ding a LTV of 80% on the ARV of $90,000 ) ?
Sameer Kh
Should I buy this deal - closing this week
27 April 2016 | 4 replies
ARV is same as purchase price as per final appraisal.Loan status = approved for a non recourse loan.PITI = 765 per mo HOA = 35 per month Property will have a guaranteed rent for 12 months of 1175 (similar properties renting for 1100-1200 in the area )After capex, future repairs deduction I will be cash flowing 140-160Market is growing fast.Should I close on this dealThanks again as always
Alison Kurtz
Student housing: Live-in Landlording
29 April 2016 | 12 replies
Some landlords have the guarantors actually be co-signatories to the lease, I would advise strongly against putting them on the lease (which gives them right to access as any other tenant), but execute a separate guarantee agreement with then in which the assume the financial obligations of their guarantee (who is on the lease), but have no further rights ... essentially they have the right to pay the bill if Little Johnny messes-up.If you renovate with students in-mind (durability, ease to clean, current), you do not need to have high-end finishes (no granite counters), but do use quality, mid-grade materials.
Kenny Lewis
Refinance from VA loan to conventional
22 January 2020 | 19 replies
I am buying my second home using VA while my first is still a VA guarantee loan.
Fernando Cardenas
Help me make the right desicion please!
3 May 2016 | 2 replies
Appreciation is speculative and not guaranteed.
Aurelia Spencer
"Subject to" warranty deeds
3 May 2016 | 4 replies
A Warranty Deed provides a number of guarantees from the seller to the buyer.
Garrett Bailey
Question about trading up
1 May 2016 | 10 replies
Mortgage brokers could guarantee anything in advance.Side note: I was selling in one state and buying in an other.
Brandon Silva
New Member from New Jersey
1 May 2016 | 5 replies
You are guaranteed to meet some bigger investors at these events.