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11 October 2024 | 2 replies
One of the tenants we have already started eviction proceedings against due to non payment of rent and the other one we are giving 30 day notice to because they had someone living with them that was not listed on their lease and this person was involved with some shady things so since it was a lease violation, she gets a 30 move out notice.
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12 October 2024 | 16 replies
Johnny, I know exactly which lender your working with.I am going to tell you, there are better options.Look around a bit, That prepay is 5% fixed for 3 years.I wouldn't pay 22k to buy a rate down in a decreasing rate environment.A 7.75% on a 3,2,1 declining prepayment is a better bet.
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14 October 2024 | 420 replies
I noticed quite a few of the reviews were from dead accounts or 1 and done posters so I was a bit weary about the legitimacy.
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11 October 2024 | 11 replies
Your dad needs to talk to her case worker as well as give her notice anytime she is short on rent.
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10 October 2024 | 24 replies
Then I would give ample notice that you are coming in to do the necessary work.
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15 October 2024 | 40 replies
I'm not an attorney, so take my advice with a grain of salt: a broker who works with investors of all walks of life, big and small, I've noticed most form an LLC once they have two properties or more.Many will form one if they just have one, but if you're talking about house hacking, keep in mind, conventional lenders don't allow entity closings and they are the only lenders that'll allow you to live on the property.DSCR/hard money lenders allow you to close in an entity, but you can't live on the property.
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9 October 2024 | 1 reply
Was looking at projections today based on rate cut cycles and chances are we could see rates drop into the high 4's/low 5's in the next couple of years on average (that's based on previous cycles and a decreasing spread between the 10yr and mortgage rates).
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12 October 2024 | 11 replies
So, I ended up increasing there rent from 950 to 1100... contract signed, took effect 10/1 .. section 8 already paid a portion of it $1050, she owes remaing $50... anyway.. after they signed the contract a week later they sent me an email giving 60 day notice and are planning on moving out 12/1 ughhh
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18 October 2024 | 37 replies
And a 3rd time, I'd take notice.
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11 October 2024 | 5 replies
I would provide notice that ownership has changed and ensure they understand the payment process and expectations.