2 January 2019 | 1 reply
I know it's a small difference but if you call banks about HELOCs they may transfer you to their residential side not knowing any difference and then that side may not know that the commercial division will write them....so just ask for Lines of Credit when talking about investment properties.
18 January 2019 | 23 replies
A few parameters to use after drilling down into an MSA in order to target a specific neighborhood...Trulia - See what the local crime is likeCity-Data - See what the income levels within each neighborhood.
4 August 2019 | 1 reply
Hello,Has anyone recently used mashvisor is it pretty accurate with its nunbers when it performs it analysis or is there any other online website such as mashvisor that can help get the right data to analysis a duplex?
3 January 2019 | 4 replies
You can make this transfer to a limited liability company (LLC), provided that "The mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, andthe LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).Note: The servicer must notify the borrower that a property transferred to an LLC must be transferred back to a natural person prior to any subsequent refinance application in order to meet Fannie Mae’s Selling Guide underwriting requirements."
4 January 2019 | 8 replies
After completion of the sale, we transferred title to all three properties into an AZ Limited Liability Corp (LLC) using a General Warranty Deed.
10 January 2019 | 4 replies
This is not very practical, so probably you will have to pay personally and then do a monthly transfer from LLC to personal account, matching 1/3 of the payment.In the same token, how to expense the closing cost, appraisal, points, ...?
3 January 2019 | 2 replies
For example, if you need to renovate the kitchen, you simply pick the style of kitchen you wanted, input the sq ft data, and the tool would then create an estimate, a scope of work to present to the contractors, and an order list which you can import into homedopt/lowes to order the materials.I have been a PM for a GC for close to 7 years, so I understand estimator tools.
21 March 2019 | 7 replies
If not, and they can't show you actual data to support that number, I would be wary.
14 October 2019 | 11 replies
Is there any GST/HST involved in purchasing an existing rental apartment investment property other that the provincial land transfer tax?
4 January 2019 | 7 replies
I just won a foreclosed condo at an auction and are now in the process of transfering the title.