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20 September 2024 | 11 replies
Page 7 of this document has a rough outline also.
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19 September 2024 | 6 replies
https://www.biggerpockets.com/...12 Frequently Asked Questions (And Answers) About DSCR Loanshttps://www.biggerpockets.com/...8 More Commonly Asked Questions and Answers to DSCR Loanshttps://www.biggerpockets.com/blog/eight-questions-and-answe...What Documents Do You Need for a DSCR Loan?
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18 September 2024 | 4 replies
The only reason you should not enforce action is if its contrary to an applicable law or regulation...Here is another section from Seller Covenants:Seller agrees to honor requests for execution of endorsements of Mortgage Note from Seller to Buyer if made within thirty (30) days following the Transfer Date, after which Seller shall not be obligated to honor such requests.So if there was an issue with a prior document, after 30 days they can tell you to go pound sand - and based on court documents, this has happened.
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18 September 2024 | 5 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?
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20 September 2024 | 36 replies
Our company conducts the entire purchase and closing process via email, as well as overnight any necessary physical documents needing signature.
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17 September 2024 | 10 replies
You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.
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18 September 2024 | 4 replies
The property has documented annual rental revenue of $140,000.
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17 September 2024 | 22 replies
I am just surprised they require more documentation on a DSCR than a standard conventional loan.
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18 September 2024 | 47 replies
The tenant did not challenge the eviction, but apparently hired an attorney who filed a few documents in the eviction case, but I never received any of these documents.Later I learned that the attorney convinced the tenant to assign her rights to make a claim for the security deposit (presumably because she could not pay the attorney) to an LLC that the attorney created.
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18 September 2024 | 7 replies
Take the check to OUR company's bank and show them the POA and any other supporting documentation.3.