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21 January 2025 | 8 replies
Our company requires first/last name and a mailing address for the owner.
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7 January 2025 | 16 replies
I do require full screening for the incoming tenant, and updated income screening for the full group of tenants.
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16 January 2025 | 13 replies
Hey @Jonathan Sanchez, a lot will depend on your area.If you are buying in a saturated area with lots of competition, then using an aggregator like Pricelabs to help make your pricing accurate is handy.If you are in an area that has less, then simply looking at nearby properties that are similar to yours on VRBO and AirBNB.
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22 January 2025 | 8 replies
Hi Yael, I can connect you with an agent that meets all your requirements.
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21 January 2025 | 7 replies
It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.
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15 January 2025 | 10 replies
The income requirement was $6000.
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6 January 2025 | 1 reply
To evict a tenant based on a lease violation such as hoarding would require you to notify them and then give them an opportunity to fix the situation.
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17 January 2025 | 3 replies
Lenders will still require a personal guarantee since it is a full recourse loan.
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22 January 2025 | 0 replies
This is much lower than the costs associated with refinancing.Benefits of Mortgage RecastingLower Monthly Payments: The most immediate benefit is a reduced monthly payment, which can free up cash for other financial goals.Save on Interest: By reducing your principal balance, you’ll pay less interest over the life of the loan, potentially saving thousands of dollars.No Credit Check or Appraisal: Unlike refinancing, recasting doesn’t require a credit check, income verification, or home appraisal, making it a quicker and simpler process.Keep Your Current Interest Rate: If you have a favorable interest rate on your current loan, recasting allows you to maintain it while still lowering your payments.Drawbacks of Mortgage RecastingRequires a Lump Sum: Not everyone has the cash on hand to make a significant lump sum payment, which can make recasting inaccessible for some homeowners.Doesn’t Shorten Loan Term: While your monthly payments are lower, recasting doesn’t reduce the length of your loan.
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19 January 2025 | 9 replies
So it was going to require more tenacity by you to get the deal sold either way.