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I have property I procured with hard money which is approaching the due time for me to refinance into a conventional loan. I got a quote from a company we decided to move forward with. This will be a DSCR loan. Howeve...
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silent wrap-second mortgage-how easy is it to refinance?
I have a seller offering me a silent wrap second mortgage. He says I'll get an affidavit of equitable interest at closing and my payments to him are escrowed a...
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hi all..this fourm is great!!!anyway here is my story...i am just starting out, i really want to be an investor.i have good credit and my friend is my mortgage lender.this would be my first real estate purchace.my que...
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Hi,
I took a 12 month loan with a HML to fund my fix and flip. In addition to borrowing %80 of the purchase price, there was an additional 30k set aside for renovations in an escrow account. One month after closing ...
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Has anyone worked with Security National Mortgage before? My escrow went up, so I prepaid the estimated taxes and insurance, but my overall monthly premium went up although I have a fix rate. They sent me a escrow ana...
In 2022 I participated in a hard money loan and terms were for a year. I received a 1099nec in 2023 with the amount lended plus interest. How do I go about only reporting the interest earned instead of the entire amou...
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Ok my realtor sent me an email for a turnkey deal. it's a 34 unit apartment complex with management already in place. Strong well maintain community. The purchase price is $2,040,000 It was built in 1998, cap rate is ...
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Hey Investors, If there was an opportunity to invest your money in let's say the S&P500, be able to take a loan from your own money while having that money you just took a loan from continue to grow with the S&...
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Hey All,
I have a multi-plex that will auto renew next month. The insurance is not escrowed so the bank doesn't require me to have it. I was wondering are there any other drawbacks (asides from not having insurance ...
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My wife and I are looking to sell our single family home and downsize to a house with less sq ft., to be closer to where we work.In order to sell, I believe that we will need to take out a home equity loan (or line of...