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13 December 2024 | 4 replies
They will give you the run around for days, and tell you everything is okay only to give you the bad news 30 days in.., Honesty is the most important aspect in mortgage lending.
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16 December 2024 | 4 replies
It sounds complicated but it's not as bad as it seems.
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14 December 2024 | 101 replies
Too bad.
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17 December 2024 | 9 replies
Maybe they are bad communicators.Assuming you still want the place, I would do anything you want to reach out via the renal address or professional websites, but home addresses and personal social media is going too far.
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9 December 2024 | 5 replies
In my experience, you are thinking through this correctly.I've heard lawyers say, if the loan is in your name (which it has to be for conventional) and the deed is in the LLC, you aren't treating the business as an independent entity and in a severe lawsuit, the corporate veil is pierced and the LLC can be thrown out.I agree that one of the best defenses is to run your properties well.
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17 December 2024 | 13 replies
I see so many people who don't understand what they are bidding on.They don't do the research, they don't drive by to see that the Google st view is not accurate and they put down a bunch of cash on a bad property.
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16 December 2024 | 14 replies
Increasing their rent 1 month after another is bad business practice and will cause a lot of issues.
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14 December 2024 | 3 replies
I have personally sold many properties where sellers needed to off-load a bad deal after buying unrepresented from a turnkey company.
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10 December 2024 | 17 replies
Only rental cabins catch on fire and not primary residences.In all honesty, though, I would agree that something that size should be treated more as a commercial property any way and the sprinkler system makes sense to me.
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13 December 2024 | 3 replies
If calling a plumber to fix a real leak is going to kill your reserves, this is a bad deal on a property and bad cash flow.The first thing to learn as a landlord is that everything is your responsibility to cure.