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1 August 2024 | 4 replies
I see buyers getting surprised by this often when buying older buildings.The more time you give an agent to quote the better the chances of getting a competitive rate - a lot of buyers start calling agents when they are going to close and want it NOW NOW NOW> you will pay more this way.Give the insurance agent a week or two to shop the rate and get the agent accurate documentation proving the age of updates to the roof, electrical, plumbing, hvac, etc and good photos of the property to allow them to sell the property to underwriting.A lot of people don't realize two sales are made for an insurance policy - one to underwriting and one to the person buying the policy.
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31 July 2024 | 1 reply
Specifically, anything indicating that the lease is completed and both sides have no claims or issues with each other.There's no "standard" agreement that I'm aware of, but we've done a bilateral "Termination of Rental Agreement" when we wanted to document that a tenant has officially moved out, that there are no outstanding funds owed, and that there are no claims or issues.These agreements are particularly useful when doing "cash for keys" with a tenant.I would keep it simple: State in the document exactly what you want to establish as facts, and then run it by an attorney for good measure.I'd also recommend requiring the tenant's signature be notarized.
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2 August 2024 | 19 replies
In the mean time, we can help the U.S. obesity rates by faxing documents so that government workers can get up from their desks and walk to the fax machine.I got an account at eFax.com which came with a fax number and I can receive 10 pages a month for free.
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6 August 2024 | 54 replies
In my county they sell a packet of documents at the court house that you can file yourself.
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1 August 2024 | 2 replies
There are other details as well such as borrower documents will have to be translated and converted to U.S. dollars in a lender approved manner.More on DSCR loans: DSCR loans won't use your income to underwrite the loan.
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31 July 2024 | 0 replies
Installing effective software for simplified documentation is critical for organizing and managing the massive amount of data involved in the due diligence process.Physical property inspections and unit walkthroughs are equally crucial as financial due diligence.
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31 July 2024 | 4 replies
At this point, there is no documentation required - meaning you're basically on the honor system here as it pertains to accreditation.
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31 July 2024 | 3 replies
@Steve Cho the offering documents are what counts.
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30 July 2024 | 3 replies
If this were not a section 8 tenant, you would need to prorate the rent based on the lease start date documented in the lease agreement regardless of possession (unless the lease states otherwise).4.
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30 July 2024 | 11 replies
According to the directions, the person who filed the document is the direct filer.