All Forum Posts by: Nicholas Flatoff

Thanks both for the responses! @Jordan Moorhead do said banks lend based on personal income or projected value? I can whip up some pretty sick proforma’s.

I’m used to doing these at the corporate level, so aside from owner-occupied loans this is all new to me!

Thanks again. 

Howdy! I just moved to Minneapolis for school. I’ve got about $25k cash, $60k in credit lines, good contracting and industry experience (did multi-family portfolio management for a while) and no job (so no mortgage opportunities).

For you MN folks, what’s the bottom of the “crappy but not tear-down” bad? Would you even bother in my shoes?

I’d be down to grab a beer sometime as well with anyone in the area.

Thanks in advance!

Thanks!

I've spoken about the rental with one of our brokerage partners and there's no concern there; I'm a "no loose ends" kind of person, however, and would prefer to have something in writing should anything come up.

Let me ask it a slightly different way--is there any harm in adding a liability limiting disclosure regarding my agency and brokerage to the lease packet?

A quick search didn't turn anything up; I'm a licensed agent working with a brokerage as a property manager and I'm prepping my first personal rental.

I'm mildly concerned about my brokerage getting legally associated with the rental.

Either way, does anyone use a disclosure at lease signing clarifying that you are an agent working for X brokerage, but you are acting as an individual and the brokerage is not affiliated with the lease transaction?