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3 December 2024 | 26 replies
I should note that that I was using Baselane's banking service to collect deposit and rent, and had moved the funds immediately to my private bank after I collected (thank god!).
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17 December 2024 | 22 replies
@Chris Clothier I believe this gentlemen could possibly be interested in your services.
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6 December 2024 | 6 replies
Neither outcome is good for you.I give some approximations of each expense category in The Hands-Off Investor, but the best way to nail down operating costs is to look at the property's historical performance.For example, Contract Services and Utilities.
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12 December 2024 | 7 replies
The city of Chicago has made a huge push to get rid of any lead service lines, so it's no surprise you have to mess with that.
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14 December 2024 | 42 replies
.: I would only buy single family homes in the best locations I could afford rather than messing with multifamily and less great locations, and I would use my local credit union for loans because they keep them in-house and service them in-house, so that I wouldn’t have to deal with loans being passed around among all the sketchy loan servicing companies.
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4 December 2024 | 4 replies
In this market there are cabins on their own land and cabins on leased forest service land.
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17 December 2024 | 8 replies
Is it segregated (only my funds in the account)- do you have an attorney on staff that reviews exchange docs and keeps them current - what is the typical time for your staff to complete an exchange ( you want to get a feel for if they are understaffed and can they get the work done on your time frame)- how many exchanges do you do a month- what is your errors and omissions insurance through, can I get a copy- what is the amount of your fidelity bond - for each occurrence- what protections are in place to prevent wire fraud- will my funds be used by the company for outside investments (goes back to the type of account funds are held in)- who will be my contact during the exchange (goes to customer service, you want one contact who you can reach by telephone)Investors should keep in mind that it is their money they are placing with a QI to hold for a short period of time and be sure they feel comfortable with the company they choose to perform this role.
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14 December 2024 | 13 replies
So far I have not had good customer service.
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6 December 2024 | 3 replies
If you DM me, I can send suggestions.Yes, you'll want to record the docs after you execute the transaction.Also, don't self-service the loan.
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14 December 2024 | 3 replies
Basically, you ask permission from the mortgage servicer, who then informs the mortgage investor assuming they are good with it.