19 March 2018 | 2 replies
The expenditures included in the total acquisition cost must be fully documented by theborrower.When the installment land contract was executed more than 12 months before the date of theloan application, Fannie Mae will consider the mortgage loan to be a limited cash-out refinance.In this case, the LTV ratio for the mortgage loan must be determined by dividing the new loanamount by the appraised value of the property at the time the new mortgage loan is closed.
19 April 2018 | 3 replies
Depending on the system, (and what you're willing to pay for) they may even dig into the drain field to see if it is saturated.The county health department will have records on the locations, sizes, and capacities of the tanks, diversion box, and drain fields, including an area delineated as a replacement drain field(s).
20 March 2018 | 22 replies
Probably exaggerating, but there's no denying that the neighborhood has a very steep appreciation curve right now.In regards to the note option, I have two buyers that have explicitly agreed to purchase the house for the 700K in whatever way we prefer, including buying the note and giving us the difference.
16 July 2018 | 11 replies
Previous home equity in the form is cash provides me with alternatives, including remaining a renter if that's what I decide to do.
31 March 2018 | 2 replies
—Uber founder and former CEO Travis Kalanick has taken the reins of a Los Angeles-based real estate startup, following a $150 million investment through his new fund, 10100.The small firm, called City Storage Systems, is focused on the redevelopment of distressed real estate assets.That primarily includes parking, retail, and industrial properties that “will need to be repurposed for the digital era,” Kalanick wrote on his Twitter account, announcing his fund’s purchase of a controlling stake in the company.Kalanick will become CEO of the 15-person company and expects his 10100 team “to be highly involved” in operations, he said.
26 March 2018 | 7 replies
Low LTV = High EquityThe data I use includes all loan information provided by the county, up to 3 loans, in making the LTV calculation.
22 March 2018 | 5 replies
It's been worth it for many investors, including me but it depends greatly on what your expectations are.
21 March 2018 | 0 replies
This would include removal of old concrete, #3 rebar, 5 inch deep concrete.
22 March 2018 | 10 replies
You should be thinking about, and including in your business plan, strategies that will protect your capital (and/or your investor's capital) before planning for growing that capital.
28 March 2018 | 4 replies
I live in a small area, population about 23,000 in my town, 23,000 or so in the next town 12 miles away and about a population of maybe 120,000 in the county with the two small cities included.