7 February 2020 | 1 reply
I'm trying to think of a creative way to help him.Maybe I can pay the down payment on the home, and he can use his FHA loan to secure the mortgage.
11 February 2020 | 6 replies
Based on your comment, I am assuming you are financing, so I would be cautious.To find your first deal in this market, I would try listed properties that have been sitting a long time on the market, where you can inspect, get bids, secure financing, etc in a more reasonably pace.Once you have done a few deals, then you will be in a better spot to buy from a wholesaler.
8 February 2020 | 5 replies
Under the Dodd-Frank Act, if the loan will be secured by a property that the borrower will use for residential purposes, then the person who makes or arranges the loan would be defined as a “loan originator,” and must have a mortgage originator license.However, Dodd-Frank doesn’t apply to non-consumer buyers, so (for example) if you want to loan money to an investor who will borrow under their LLC to flip a house then you’d be exempt from the mortgage originator license requirement of Dodd-Frank.But since you’re in California, there are state laws that apply.
17 March 2020 | 15 replies
Pentagon is a secure building, so I don't have easy access to cell phone or regular email.What I do is schedule time at work to do real estate.
9 February 2020 | 11 replies
You won't likely find one that will agree to it.Second, It's not likely that you'll find a traditional lender that will let you borrow additional funds to secure the down payment.
7 February 2020 | 3 replies
I feel it is an advantage to you to find a quality realtor/property manager because they have a vested interest in securing quality properties as they will have to deal with the issues after you close.
7 February 2020 | 3 replies
Sooo I am wondering what is my recourse now, they pay the rent and that's hard to find for the neighborhood...and I would like them to stay but the damages far exceed their security deposit.They say that their dogs did not cause the damage to the home.
7 February 2020 | 2 replies
You contractor can actually request payment from you via Zelle, which will be more secure since you inherently have his account info at that point via the request.
8 February 2020 | 1 reply
I'm planning to make my first LTR property within the next 6 months and in the meantime working toward that goal by building great contacts, educating myself as much as humanly possible, and securing a HELOC.
10 February 2020 | 19 replies
That amount is equivalent to the security deposit in our case.