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Hi everyone,I have 2 conventional loans in my name and more than 10 portfolio loans in my LLC. A couple quick questions:1. I believe a person can have up to 10 conventional loans. Do I still qualify for a conventional...
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Hello Everyone,So today I spoke with an attorney today regarding the process of wholesaling and how to properly set up my purchase contract and assignment contract. I hear so many different things from people online i...
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I sent a tenant their move out deposit itemization within the legal guidelines in New Mexico (30 days) just got a text from the ex-tenant threatening to sue me for 2 times the deposit as she says she did not get it an...
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In the event that you own a property in your own name for a while and then decide to quitclaim it into an LLC that you've formed, what do you do about the lease if you have tenants currently there? Do you create a bra...
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I've read through a large number of the articles regarding cooperative lease options, but I haven't seen anyone ask the following, which is during your agreed upon option time with the seller while you're trying to...
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Ok so if a homeowner comes to an agent to SS. An agent that I'm already working with. Can that agent just go ahead and represent me and the homeowner would be unrepresented? I just spitballing here, I haven't run t...
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Do portfolio loans count toward your 10 max conventional loans per borrower? For example, if I currently had 5 portfolio loans am I limited to only 5 more loans if I go conventional now or would I still have 10 conven...
If i do a subject 2 and seller financing, do i give the title to the buyer and lose my advantage in depreciation, tax advantages and appreciation/equity? Then does it go the same with lease option?
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Hello everyone! I am somewhat new to real estate (there are several apartments that I successfully rent out) and I have a question regarding DSCR Loan . I have a fairly impressive amount for a down payment and I’m won...
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We still want the house, we were told 1st buyer was disqualified. We resubmitted our offer and are waiting to hear. but is there anything more we can do? The bank put the house back on the market.