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14 October 2024 | 4 replies
_____________________________________________________________Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?
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13 October 2024 | 4 replies
The applicant applies and pays for the coverage, we're listed on the policy as the insured.
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13 October 2024 | 5 replies
The arms-length rules apply to you as the account holder, but they don’t automatically extend to other cash investors.
15 October 2024 | 8 replies
--- The property is not in showable condition, so no one will want to apply.--- The tenants just won't cooperate:Yes, you can try to get in with a Legal Entry, but then they can easily sabotage the showing by:----- Being rude----- Keeping the house dirty (or worse)----- They can keep an aggressive dog in the house when they are not there----- They can deliberately leave an unattended minor alone in the houseYour current PMC should be taking the time to address and explain all this to you!
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16 October 2024 | 10 replies
My mom has poor credit and about $30k in revolving debt, so it would be difficult for her to qualify alone.We would both prefer to hold the property, but the risk of tight cash reserves is concerning, especially if the rehab costs exceed our budget.Legal ConsiderationsIf we decide to proceed, we’re also weighing how to best structure this deal:LLC and DSCR: Would it be better to put both of us into an LLC and use it to apply for a DSCR loan?
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13 October 2024 | 7 replies
Once I confirm income and rental history, Rent Spree invites the applicant to apply via email and the applicant pays for the cost of the screening.
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13 October 2024 | 11 replies
Your combined personal tax rate of 30% could apply to state and federal taxes depending on jurisdiction.
18 October 2024 | 34 replies
I sold some properties, paid off those mortgages and took all the excess proceeds and applied it to other mortgages.
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12 October 2024 | 2 replies
Your eligibility applies to owner-occupied and investment properties, but you will want to check with a lender who is a specialist in VA loans.
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11 October 2024 | 4 replies
The terms and conditions of this lease will continue to apply.”My point is that the Notices section directly above it states: “NOTICES: Any notice which either party may or is required to give, may be given by mailing the same, by certified mail, to Tenant at the premises, or to Owner at the address shown in Section 2.