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28 October 2024 | 12 replies
It was super simple to do, and as long as you're personally guaranteeing the loan, you should be fine.Regarding your question, it's generally safer to pay the down payment from your personal account first, then transfer the deed to your LLC afterward.
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28 October 2024 | 7 replies
As easy as this sounds, it's not simple and usually like pulling teeth.
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24 October 2024 | 1 reply
Our contractor stopped working while we took a month-long vacation in Mexico due to lack of communication.
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25 October 2024 | 12 replies
I've been thinking about this one a lot as a realtor having to have these convos with my clients, and wanted to break it down with some simple numbers.You may have heard about the new law changes in the real estate industry about commissions and compensation.Some home sellers might be asking, “why would I want to pay a buyer’s agent??”
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23 October 2024 | 2 replies
The paperwork, the tenant communication, the financial tracking – it was all so time-consuming and stressful.
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21 October 2024 | 11 replies
The sponsor is the one driving the ship, the one making decisions, the one who has to communicate, the one who is the bearer of good and bad news!
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3 November 2024 | 56 replies
If so, then that could be a fraud not really "mortgage fraud" because it really has nothing to do with the loan itself as you are not party to the loan just a simple fraud aka a deception to obtain something of value.
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28 October 2024 | 23 replies
I'm currently in the process of closing my first primary residence deal in NYC, and I would like to ask for a piece of advice to the community.The current tenant of the Seller failed to move out by the closing date and the Seller decided to take a legal vacating process.Background- The current tenant of the Seller failed to move out by the closing date and I heard the tenant is avoiding direct communications with the Seller- Not sure from my end if the tenant is willing to moving out but struggling, or maliciously squatting- I have a vacancy contingency in the contract, thus I can back out at my discretion due to this issue, but currently there is no other properties that I want to move on to due to the market condition- The Seller is trying to take a legal action but it will at least take 3 months or longer, no promise to succeedAdvice to ask- My attorney could not negotiate to ask for a penalty for this delay because the penalty for delay was not included in the contract.
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24 October 2024 | 7 replies
If you have an attorney, I highly recommend having them review any proposed changes and communicate directly back to the corporate attorney if they have any concerns.
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27 October 2024 | 23 replies
It's never fun when buyers get overly picky, especially over something so simple like a GFCI outlet.