Noel Coleman
Unlicensed & Uninsured Contractors
6 January 2025 | 7 replies
These are all important considerations, and understanding the requirements can save a lot of headaches down the road.
Venka Pulla
How to deal with Bad property manager
11 January 2025 | 7 replies
@Venka Pulla It’s frustrating when a property manager isn’t meeting expectations, but transitioning to a new property manager is typically straightforward if you follow a few steps:Review the Management Agreement: Carefully read your current Property Management Agreement (PMA) to understand the termination process, including any required notice period.
Alec Barnes
How Do You Ensure Quality Tenants?
9 January 2025 | 12 replies
As for income verification, I require the applicants two most recent paystubs and if self employed I need their most recent tax return.
Clinton Davis
What's the latest on this BOI?? Go or no go?
3 January 2025 | 13 replies
thanks. you will spend more time trying to figure out whether or not its required than actually completing the form. it takes five minutes.
Todd David Crouch
Self Employed or W2??
12 January 2025 | 4 replies
These need 20%-25% down, require a 680-700+ credit score, and 6 to 9 months of reserves (reserves are payments in the bank).
Wiley Hood
Are DIY cost segregations a good idea?
12 January 2025 | 28 replies
Quote from @Dana Yobst: Quote from @Julio Gonzalez: @Dana Yobst While it may seem like a simple concept, it's actually a very complex process that requires significant documentation as well as specific methodologies.
Keith A.
Going without landlord's insurance. Have you done it?
7 January 2025 | 7 replies
Assuming you don't have a mortgage that requires a certain level of insurance, you can get a stop-loss policy covering all the properties.
Patrick Braswell
Home Equity Loan vs. Refi on rental without existing mortgage?
18 January 2025 | 4 replies
All but one of the family members are on board, and we collectively own the majority, but it's 55% and the bank requires 60%.
Kar Sun
Tenant insurance underwritten with landlords name
4 January 2025 | 5 replies
You should require the tenant to carry $100,000 liability.
Amanda Long
DSCR New Mexico Property/ Guarantors??
17 January 2025 | 3 replies
Lenders will still require a personal guarantee since it is a full recourse loan.