
3 November 2024 | 8 replies
Assuming it's written in your management agreement somewhere that states the owners are current on all financial responsibilities related to the property, does anyone require them to actually provide a current mortgage statement, HOA payment record, taxes paid, etc..... at least at the time of the original management agreement signing.Recently had a new owner sign the agreement, only to find out after we had secured a new tenant for them, that they were in financial distress to say the least (inquiring about bankruptcy) .

2 November 2024 | 1 reply
It will depend on the amount of security you are offering, the attractiveness of the interest rate, and your ability to raise cash, among other things.

2 November 2024 | 10 replies
@Sam TrightBesides the other comments above you also start really walking or crossing the fine line of selling securities when you start bundling up parts of a note and selling it to different people.

1 November 2024 | 7 replies
And where do you think you can get rents.We've been able to secure 80% loan to cost on these types of deals with a credit union recently. 6% is a good rate, but I would see if you can shop around the LTVGood luckGino

5 November 2024 | 28 replies
This could be a useful strategy if you need more time to negotiate a good price for your current property.Exploring Financing Options: Given the higher interest rates in 2024, securing financing for your replacement property can be a challenge.

2 November 2024 | 2 replies
State/local are determined by your state of residence, not the state the property securing a loan you hold, or property you own is located in.

1 November 2024 | 3 replies
Should I have them pay right now or out of security deposit whenever they move out?

1 November 2024 | 12 replies
Also, is he entitled to the security deposit (minus any repair expenses)?

1 November 2024 | 22 replies
If they want a security alarm, they pay for it (not really an issue here).

5 November 2024 | 22 replies
I like to rent to people with security clearances for my properties in NOVA.