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22 July 2024 | 8 replies
Hey @Ryan Brown - in this instance, I think you should turn up the heat in terms of what the tenant is allowed and not allowed to do.
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22 July 2024 | 6 replies
The attorney said in my instance the first thing to do was send a formal letter notifying the tenant of the problem.
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22 July 2024 | 18 replies
That offers my buyers a little bit of protection in instances like this.
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22 July 2024 | 12 replies
Another key thing to know is if you don't have an actual agent that doesn't work for the insurance company (for instance if you contact a call/service center), inquiring about a loss even if you don't file a claim or follow through with a claim could impact pricing.
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22 July 2024 | 17 replies
I dont think these things are hard and fast.. to me look at whats left after the rent is paid is it enough to really live on.So if rent is 5k a month for instance that means tenant needs 15k a month in income pretty standard .. well that tenant now has 10k a month to live on.. most people can make due on that.so if this tenant came to me and only made 10k a month 2X the rent I know they have another 5k a month to live on so sure that works.where this is important is in lower income low rent areas were rent is say 800 a month and 3X is 2400 minus rent leaves 1600 a month for EVERY thing else can you live on 1600 a month ???
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22 July 2024 | 8 replies
The second instance was a restaurant with the land it was on for total disclosure.
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22 July 2024 | 17 replies
I answered an initial questionnaire on the website and there’s basic documentation required but it doesn’t appear to be nearly as extensive as the requirements for my conventional loans.
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20 July 2024 | 10 replies
In those instances you can purchase the new property in 'cash' position and do not have to get an additional mortgage.
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20 July 2024 | 15 replies
If you are deployed overseas you are still allowed to have a 'home base' in the US with your VA loan, and you can get an extension to the occupancy timeline (I believe as far out as a year).
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19 July 2024 | 2 replies
Quote from @Alicia Zhao: The BP package includes a Lease Extension form.