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7 January 2025 | 8 replies
If this is for a residential 1-4 unit non owner occ / investment property I would compare a few different lenders.
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29 January 2025 | 32 replies
Create your systems that allow you to seamlessly pitch, onboard and service your PMLs.
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6 January 2025 | 5 replies
I'm currently working with a lender that has a $50k minimum, and his rates and customer service have been great so far.
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10 January 2025 | 21 replies
Just off the top of my head, I wouldn't feel super comfortable with non-US properties because properties in the US are held to HUD code (at a minimum).
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2 January 2025 | 12 replies
Dumb Debt also means that the owner takes on recourse debt and personally guarantees it instead of non-recourse debt or other people’s debt (OPD) or cross collateralizes it with highly appreciated assets with low debt to value ratios.
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13 January 2025 | 11 replies
It provides an opportunity to see what's happening in the units.You still have the ability to evict for lease violations, but your less likely to face non-payment issues.
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6 January 2025 | 25 replies
Non-renew tenants,, give it early even if its 8 months out.. you could also do mutual lease termination if they aren't month to month.Basically you want them gone, so only and best way is this.
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11 January 2025 | 2 replies
They are effectively insolvent and lenders and insures have already deemed those properties uninsurable and therefore non-financeable.
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21 January 2025 | 74 replies
You' just make negative comments in hopes of someone using YOUR services.
4 January 2025 | 5 replies
Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.