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31 December 2024 | 2 replies
If you plan in getting conventional financing, they will not allow you to use the LLC.
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28 December 2024 | 12 replies
In a perfect situation, the payment will still be delayed (even if by hours) using this additional system.And secondly, many of these vendors have "clawback" provisions where, in their terms of service, you give them permission to go back into your account - even weeks after the fact - and reverse a deposit that was made by your tenant.My system is simple, allows for tenants to pay through multiple means, and does not cost me anything extra.
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2 January 2025 | 10 replies
Trust me, everyone is going to point the finger at someone else, and if you get involved likely the finger will be pointed at you by both parties.Send the message and let them know that this behavior past a certain time is not allowed and obnoxious before at anytime of the day violates the tenants rights.
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28 December 2024 | 6 replies
@Jonathan Chan Here is a list of allowable assets for SDIRA investing.
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29 December 2024 | 3 replies
Tried other things but can't make anything better since it gives me space, allows me to prioritize and delegate, and is practically free.
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27 December 2024 | 8 replies
He was happy to allow me to rent out nightly because it actually helps keep his property in better shape than a long term renter (having a cleaner in there every turnover, short stay guests always let you know when something isn't working, etc) but didn't want to hassle with worrying about a percentage of income/management, etc.
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29 December 2024 | 10 replies
1) 20% down will allow you to do a conventional investment loan, but you will have to either:- Qualify with the new payment + your current payment- Lease the property out, allowing the lender to use 75% of the monthly rent to offset the mortgage (confirm with a lender).2) You could also do a DSR 20% down loan, but the interest rate will be much higher than conforming rates.3) If less than 20% down, you could:- Do a 10% 2nd home loan as long as the new property is at least 50 miles from your current home or near a qualifying vacation spot (confirm with a lender).- Do a 5% down conventional mortgage if you plan to rent out current home and live in the new one for at least 12 months.
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8 January 2025 | 14 replies
This allows them to get more capital so they can make more loans without having to grow their asset base, while also maintaining their relationship with the customer through monthly payments.
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31 December 2024 | 11 replies
When next you need money, or want to sell a property, you have to sell ALL of the properties unless the lender allows differently.
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26 December 2024 | 7 replies
FYI--Most condos in Dallas do not allow AirBnB type residency.