10 January 2022 | 4 replies
I saw Rocket Mortgage and Guaranteed Rate, but that was from a limited search.I am also curious about other creative ways to get lending so I can be that guy who makes the cash offer and not always losing out to the cash offers.
9 January 2022 | 1 reply
The buyer broker has a premium service model and the listing brokers have a volume model.Often the buyer brokers that will work for small fees tend to have few years in the business and very limited knowledge and experience to evaluate properties.
10 January 2022 | 5 replies
I have a good grasp on financing and the types of financing but Brandon brought up a point regarding the limit of homes that can be financed.
10 January 2022 | 7 replies
From my limited experience (as a non-lawyer), judges will rarely enforce specific performance on behalf of the seller/force the sale of a property.
10 January 2022 | 2 replies
Banks won't lend on it like traditional investment properties and often times unless it is agricultural or recreational, there will be limited income generated by the property until you sell it or develop on it.
11 January 2022 | 10 replies
If youre AGI is over $100k-$150k you can deduction a more limited amount of those lossesIf your AGI is above $150k you can not deduct any losses, they CAN offset other passive income sources if you have them, or they carry to the next year and will do so until you are in a position to use them.
20 January 2022 | 6 replies
My concern is with a low downpayment and high monthly cost $3844 (PITI, HOA, PMI, utilities), this would limit my ability to ever rent out to a family if they don't allow individual leases with multiple roomates.
19 January 2022 | 13 replies
Hi All,Having reached the 10 property limit for FNMA loans, if I refinance four of those properties with a commercial lender taking title under under a newly formed LLC, am I still able to use the positive cashflow of these properties as qualifying income, that is, if I go buy additional four under the conventional underwriting?
30 January 2022 | 11 replies
With delinquent assets, especially ones years delinquent, the 'collectible balance' can be very different than what is promised by a seller due to defensible arguments of Laches and the Statute of Limitations in some states.