
9 January 2025 | 8 replies
You will want to consult with a lawyer.In regards to your last two questions here's some background on what makes a contract valid and enforceable:Offer: A promise to do or not do something within a certain time period Acceptance: A clear and direct statement that all terms and responsibilities are accepted Consideration: A legal and adequate inducement given in exchange for the promise Capacity: The parties to the contract must have the legal capacity and competency to contract Awareness: A party must be aware of the contract Legality: The contract must be legal in the jurisdiction it will be operating in***Not legal advice*** Steps I would take: -Review contract in detail to understand each counterparties responsibilities (if you are not aware)- Email a copy of the lease to each of the tenants listed on the lease and reiterate lease expectations for termination notice, rent payment etc. - If the lease was signed via Docusign (other esign may have same ability) - you can go to the envelope, go to history and view the IP addresses for each action taken.

22 January 2025 | 9 replies
The deeper your market knowledge, the stronger your relationships with agents, contractors, and lenders, and the better your deals will get over time.

20 January 2025 | 14 replies
Figure out market rents, deduct expenses to determine NOI, deduct cashflow you want, plug remainder into mortgage calc at current interest rate, then add lender's required down payment.That is how much you offer!

13 January 2025 | 1 reply
Looking to discuss with lenders on financial options.Please DM methankskaushik Sarkar

20 January 2025 | 12 replies
Build a strong team, including agents, lenders, and property managers, and use tools like the BiggerPockets calculator to analyze deals.

21 January 2025 | 20 replies
At closing, the buyer and their lender determine whether the credit will reduce down payment, closing costs, or as a credit.5.

16 January 2025 | 6 replies
Here are a few tips to help you get started:Financing: Since you’ll be starting your internship soon, lenders may look at your projected income or require a co-signer until you have a longer work history.

14 January 2025 | 27 replies
Hi James,I'm reading through reviews on this site about Southern Impression Homes.

13 January 2025 | 11 replies
There are some lenders that brokers can work with that also get down to Prime (7.5% as of today).

24 January 2025 | 10 replies
Obviously every situation is unique it's on you to check with your intermediary and lender to determine what price range would be realistic to start looking for deals in before it closes so you are ready to roll.