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12 January 2025 | 10 replies
The challenge we're facing is the lack of short term rental data for the appraiser, and we won't know if it will meet the debt service coverage ratio (DSCR) requirements until the appraisal is complete.Has anyone dealt with a similar situation?
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14 January 2025 | 4 replies
Provide copies to all parties involved.This project-specific agreement works well for one-time jobs, but if you plan to work with subcontractors regularly, I highly recommend having an attorney draft a Master Services Agreement (MSA) for your business.
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16 January 2025 | 11 replies
The fee for this service is basically passed down to the guest one way or another.
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20 January 2025 | 22 replies
Since seller-paid fees usually cover their services, you get local expertise without additional expenses.Final ThoughtsLive where you like, but invest where you can achieve financial freedom.Out-of-state investing has proved to present excellent opportunities.
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8 January 2025 | 11 replies
Do you get any volume discounts or better service due to the volume of your business from the current providers, that might be something to consider. not sure if that is even a thing for lawyers though.
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7 January 2025 | 3 replies
Improvements on property you own do not qualify.2.
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9 January 2025 | 8 replies
Once you're narrowed your market to a DMA you can also use some subscription services (i.e.
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7 January 2025 | 5 replies
Our experience is that many lenders/servicer customer representatives may not know the protections that exist for those that want to put asset protection steps in place.
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3 January 2025 | 11 replies
The loan does need to be secured by the property being improved if we are talking about a personal residence and personal itemized deductions on Schedule A.
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5 January 2025 | 17 replies
There's a decent chance that if you have good credit and improve your DTI over the next year, you can put a Heloc on the property while it's still your primary to unlock some of that equity if needed.