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27 January 2025 | 10 replies
Once a complete loss mitigation application is received, the servicer must review that application before starting the foreclosure process.""
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11 February 2025 | 11 replies
Our solution is "Do all the work on the front end" - we vet the applicants internally and go through their info with a fine-toothed comb.
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5 February 2025 | 18 replies
I submitted an application etc but I am going to finish the rehab to get better terms before resubmitting.The back story is that I am about 90% done rehabbing a home for a rental.
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21 February 2025 | 17 replies
Each persons ability to take advantage of opportunities and/or incentives will be unique.Overall you want the find the highest and best use of your cash that delivers the fastest return.If applicable to an owner occupant purchase, the best use of funds would be to accomplish getting down payment assistance, utilize a 203k or HomeStyle loan (to force the equity), and to house hack.
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16 February 2025 | 7 replies
I'm entertaining hiring Egyptians because many of my colleagues have had great experience using them recently, but I've managed hundreds of VAs over my 10 years of investing with the majority of them being from the Philippines.Having a hiring process will determine the quality of applicants you receive.
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26 January 2025 | 2 replies
Are you looking at the maintenance/repair costs of the homes once in place, W/S/G costs. septic expense if applicable?
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28 January 2025 | 4 replies
But it is very much applicable to single family rental and residential units simply by getting bridge financing and a post transfer cash out refi.
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21 February 2025 | 30 replies
I tried to rent one of these buildings for a developer. it was brand new construction, really well done.One after another is was voucher applicants who had criminal records, you had no idea who was actually going to be living there, some were high out of their mind and/or drunk, average credit score was 500, consistent late payments, eviction records, etc.By some miracle I rented one place out to 2 young girls looking to save some money.
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26 January 2025 | 11 replies
If you need to get it rented fast, a great property manager would list the home for $2100 (below market) and get several quality applicants competing against each other to drive the price up to the max so you don't risk vacancy by starting out too high and gradually reducing to find the sweet spot.
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21 January 2025 | 11 replies
This criteria happens to pretty much exclude all S8 applicants.