All Forum Posts by: Pavlos Kasselouris

 I wanted to reach my 10 properties first before I reached out to portfolio lenders. But maybe Ill have to do it earlier...

Any recommendation for a lender that works with investors, understands their needs and can use rental income to improve DTI ratio?

This is for two properties I'm looking to refi, using the BRRRR strategy.

Thank you,

 Thats awesome Chris! Good to hear that you are on way out of the rat race! This was #4 property and I'm working towards #5. I'll tell you all about it when we meet in person. Biggerpockets is a great resource, definately get advantage of all the resources in here as well as the podcasts. I have listened almost all of them.

I get what @Jared Townsend says above. Usually I'm ok with a 3 month period. I dont think you can get less, and if need you just extend it on a monthly basis. 

I bought my first auction property in Florida without the help of someone specific. I just read whatever I could and just did it... you can read about it here for FREE :)

With no experience in the field maybe you should concider going to college...

The information you are seeking certainly a REI forum is not appropriate. Go find a GC that is a design build company that has experience in apartment building development to navigate you in the process if they decide to accept you as a costumer.

 Awesome James, thats what I had in mind. Does it have to be a standard form or just type it up? 

James I have in my lease a two month early termination fee, which I have them agree on it...

Early Termination Fee/Liquidated Damages Addendum

I agree, as provided in the rental agreement, to pay $ __________________ (an amount that does not exceed two months' rent) as liquidated damages or an early termination fee if I elect to terminate the rental agreement and the landlord waives the right to seek additional rent beyond the month in which the landlord retakes possession.

OR

I do not agree to liquidated damages or an early termination fee, and I acknowledge that the landlord may seek damages as provided by law.

@James Wiseundefined

My question is: I agreed to return their security deposit, but not the last months rent which was prepaid as liquidated damages...I was able to find quickly another tenant not even 1 week in their last month after they moved out. Do I have to give them any sort of receipt or charge?

@Jeff Gates and @Kimberly H. 

My accountant proposed to me to start using it and I dont mind learning it, especially if it can streamline a lot  of the accounting, but like I said previous, its a big learning curve and I wanted to be sure its worth it before I make the effort.

 With 3 rentals at that time and 1 rehab project on going it was ok...now that I want to scale I know there will be issues with multiple projects, multiple charges and invoices coming in, the ball will be lost...I want to be ready to cope with that.