All Forum Posts by: Heather Lavergne

I just signed up for TAA and the leases seem to be worded for apartments.  Am I missing something or do they have versions for Single Family Homes as well?

Thanks for quick replies!  I said no to this one despite my insurance company not really seeing an issue.  I purposely avoided a house with a pool due to the liability with it and ended up looking at this the same way.

Thanks!  I got my answer from a previous post and a few phone calls!

Hey Guys,

I am a first time landlord and I have a potential tenant who has requested that he install a hot tub in the back yard.  He will agree contractually to be fully responsible for it and any damage it may cause and to return the area to previous condition upon termination of our lease.  Should I allow this with a waiver and deposit?

Thanks,

Heather

Does anyone know of Austin area lenders that will allow a subject to appraisal for a cash out refinance?  Subject to would be in order to replace & repair drywall that was removed for exploratory purposes.

Thank you.

Hi All,

My partner and I are renovating our home and had some exploratory demo done.  Only removal of drywall to determine what space we had to work with beyond it.  Now the bank we are working with is telling us that we will not be able to get an appraisal done with the drywall removed.  Can any confirm that this is a problem or provide any ideas to get this remedied other than repairing the drywall prior to the loan?

Thanks,

Heather

Yes, we own the rental outright, so we are thinking that the HELOC might be the best bet if we decide to proceed.

Thanks!

Just to be clear, we would be looking to keep the new property ourselves, but they would 'loan' us the down payment and as we built equity, we would pay them back.  Would our best bet be to use the equity in the house we are moving back into for the down payment instead of some type of partner purchase with the tenants?

I suppose we could, but we really want to get back into that house.  We had already put a fair amount of money into improving it and wouldn't have to start from scratch.