INVESTMENT / ASSET AQUISITION
Timeline & Process
MORTGAGE LOANS
• Conventional Loan
• FHA Loan
• VA Loan
• USDA Loan
• Fixed-Rate Mortgage
• Adjustable-Rate Mortgage
• Jumbo Loan
• Interest-Only Mortgage
• Non-Qualified Mortgage
INSURANCE
• Insurance Providers
• Insurance Categories
• Types Of Policies & Coverage
• Wind Storm Mitigation
PARTICIPATING ENTETIES
PRINCIPAL PARTIES
- BUYER & SELLER
- MORTGAGE Lenders
- Respective Brokerages
- Respective Attorneys
SECONDARY PERSONELLE
- H.O.A. / Management
- County Property Appraiser
- State and Local Records
- Escrow & Title Companies
- Insurance Providers
- Public Notary
- Inspector/s
- Appraiser/s
- Surveyor/s
- Tenants
KEY PURCHASING FACTORS
- PROPERTY PERMITS & TAXES
- HOMESTEAD EXEMPTION
- HOA ( Home Owners Associations )
- ZONING & BUILDING REGULATIONS
- HOME OWNER'S INSURANCE
- FLOOD & WINDSTORM INSURANCE
- MAINTENANCE & LANDSCAPING
- ROOF REPLACEMENT
- PLUMBING UPDATE
- IMPACT RATED UPGRADE
- APPLIANCE REPLACEMENT
- SPECIAL ASSESTMENTS
- PEST PREVENTION
- CLOSING COSTS
FORIGN / INTERNATIONAL TRANSACTIONS . . .
Hold a few additional Requirements, Documents & Points of Considerations
• Title & Ownership Structure - Purchase through legal entity
• ITIN (Individual Taxpayer Identification Number) - or - SSN
• International Currency Wire Transfer Compliance
• Property Insurance & Loan Qualification
• FIRPTA — Foreign Investment in Real Property Tax Act (1980)
$0 – $300,000 >> 0% (if occupies residence)
$300,001 – $1,000,000 >> 10% withholding
Over $1,000,000 >> 15% withholding