0
POPSHard Money: what it is, how to use it Hard-Money lenders will give you a Pre-Approval (not PreQual) letter within an hour or so. They can also close fast (days not weeks) once their appraisal has been done. Hard-Money lenders qualify the property NOT the borrower unlike a loan from a "conventional" lender!! This means that you can be making $0 income and still qualify for a loan to buy a property!!! Is that incredible or what! If the deal is good enough don't hesitate to close it and use Hard-Money!
1
POPS1031 exchange overview A brief overview of 1031 (and reverse 1031) exchanges. You may also exchange a single property for multiple properties, or purchase one property from the proceeds of several. A popular strategy in the past was to acquire a replacement property in an exchange, rent the property out for a year, convert the property to a personal residence and sell it after two years and exclude the capital gain under the home sale exclusion rules. Congress closed this loophole in 2004. Exchange accomodators: http://www.1031.org/memberLocator/index.asp
0
POPSHow to Succeed at Short Sales With many more adjustable rate mortgages ready to reset to higher loan amounts in the next couple of years, short sales represent a growing sector of the market. However, because sales are time consuming, they aren’t for everyone. "I always say that if you’re going to succeed in short sales, you need the 3 Ps — patience, persistence, and problem solving,"
Newest Clips
see Newest Clips
Latest Pops
Latest Comments
Most Pops
Tags
Print
Save
Turn on live update