All Forum Posts by: Chris L.

Yes Doug,

We lend in both Florida and Georgia? Please feel free to give me a call or send me a private message. I would be happy to answer any questions or review any scenarios. Look forward to speaking with you!

Chris

Yes sir. Please feel free to give me a call. 

Thanks!

Chris

Hello Tom,

Please give me a call. We lend in NC and do cash out refis with only 30 days seasoning! I look forward to speaking with you!

Chris

Hello Devin,

Have you checked out Upwork.com? We use it a lot for various admin task and short term hires for different projects. 

Cheers!

Hello Jon,

I would definitely pursue a feasibility study on what it would take. If you can increase the income through a legally zoned apartment you will increase the value of the building not just your cash flow so its at least worth pursuing. 

1) Call your local zoning board. They will have a formula or zoning codes that will dictate how many apartments can be on the property without a variance. Once you figure out if its even feasible from a legal stand point you can get estimates for the construction etc... to get your ROI.

Cheers!

Hello TJ,

We lend in NC. Give me a call. Being a realtor and loan originator is a conflict of interest. Most states do not allow you to play both parts with the same client. 

Cheers!

Usually the application fee is for who ever is applying on the application. 1 fee per application. You should run separate checks for the married couples as well as non married. Same process for everybody! 

The pet question is up to you but I don't charge additional per month for the pet. I collect an extra months security deposit and put in the lease that the tenant is responsible for having the carpets professionally shampooed and cleaned upon move out and specifically responsible for any damage to hardwood flooring due to scratches, nail marks, stains, etc...  Hope that helps.

Cheers!

Hello Leon,

No problem. You ever want to chat I would be happy to answer any questions you have. Some good things going on in Maryland right now. Good time to be in the market!

Cheers!

Hello Andrew,

I don't know whether you or your partner are business owners but I have several clients that use one of our business loan products for gap money.  All I need is 3 months business bank statements and a simple one page application. Funding in as fast as 24 hours. 

A lot of our rehab clients set up construction management companies and run the draw deposits through their business account and then leverage the cash flow of the draws to get the additional business line of credit to use as gap money. 

Just another way to leverage your cash flow to access more capital. 

Cheers!

If the sellers son did not sign the lease I believe he should be able to be removed as a trespasser? The parents have moved out so should have their son. Have you talked to the local authorities?