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23 September 2024 | 7 replies
The lower dollar loans have a very high percentage in closing costs because the cost to underwrite a $500k loan is the same as a $75k loan unfortunately.
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24 September 2024 | 4 replies
Hi all, For a rental home, tenant says bathroom floor keep getting wet, even though it is small amount. at first, they thought they dropped some water. after wiping water, however, it keep coming back and now they think there is some water leak. my plumber went to check and found no issue with bath sink. he thinks it must be shower leak. the shower was redone last year by a contractor, who i ended up firing since he did not show up to work later. anyway, i hired water damage restoration (Servpro) company to check how much damage there is now. unfortunately, based on my research, it is very hard to find source of shower leak. i am thinking of rebuilding shower. i hired a kitchen remodel contractor and he gave me two options; either fix shower pan only, or (optionally) rebuild shower as well.
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24 September 2024 | 12 replies
For many in the wholeselling or flipping space with a large team, Left Main has the out-of-the-box ROBUST buildout you need-- unfortunately that is not my business.
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24 September 2024 | 8 replies
Unfortunately having title issues is one of the reasons that sellers are sometimes willing to do seller financing simply because they know mortgage companies won't approve without proper title work and title insurance so they have to be more creative in the ways they sell but that can be risky for you as a buyer.If you do seller finance I recommend having very specific terms on HOW payments will be made and accepted and using a professional service like https://www.agecroftcapital.com/ for loan management in the case of any disputes - just my personal rec, not sponsored by BP though I do work for BP :)
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24 September 2024 | 15 replies
It's really disappointing to host dishonest people but it's an unfortunate reality you have to accept.
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23 September 2024 | 14 replies
Facts and Circumstances Test: Based on all of the facts and circumstances, the individual participates in the activity on a regular, continuous, and substantial basis during the tax year.
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23 September 2024 | 4 replies
I would end up paying about 500K more in the loan with this new interest rate, unfortunately.
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22 September 2024 | 13 replies
Under no circumstance should a rent ready be quoted at 3-4k then invoiced at 6k with no explanation or approval.
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24 September 2024 | 49 replies
I do NOT discriminate under any circumstances, but if someone feels you did, you can be put in a situation that takes time and money.