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16 January 2025 | 2 replies
I have contacted family members in the past with literal hand written letters.
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24 January 2025 | 13 replies
I got a letter and it just didn't seem professional in that there were grammar errors, etc. so it made me leery.
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5 February 2025 | 205 replies
Block is up, tie-beam passed with the city, and to be poured next week.
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21 January 2025 | 4 replies
These documents include your operating agreement/ corporate bylaws, articles of organization, certificate of standing, and the EIN letter.
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2 February 2025 | 178 replies
I also looked through the monthly letters that he's sending with the updates and they are basically the same (March & Feb are identical).
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30 January 2025 | 32 replies
You will hear about west side vs east side, while what is told is true, what is not mentioned is lower class areas are block by block.
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11 February 2025 | 15 replies
The letter goes like this: By the way we have underfunded our reserves, so we need $5000 from each condo owner by July 1st, in order to replace the roofs....
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24 January 2025 | 12 replies
In other words, not resold to the government so the bank had more flexibility on the condition.I look at the original commitment letter and it states "xxx amount will be advanced at closing for the purchase of an investment property, and the remaining balance of the loan to be placed into an escrow account to be disbursed as improvements are made".No points, and only one closing, so I don't have to deal with a short term HML that I have to refinance in under a year.Hope that helps!
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15 January 2025 | 8 replies
They’re requesting what feels like an unreasonable amount of information, and the demands keep escalating.So far, they’ve asked for:A video tour of my home officeCredit checks on me and my partnerCopies of the deeds for every property we ownA copy of my partner’s home lease and utility billsBusiness phone billsA signed letter from the bank verifying our accountsBank statementsHonestly, it feels more like qualifying for a loan than trying to become a customer.
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19 January 2025 | 11 replies
On top of that, the rent-to-price ratios in Detroit often outperform other markets, which can mean solid cash flow alongside appreciation potential as the city continues to grow.The key with Detroit is understanding the nuances of the market—it has a large footprint, and neighborhoods can vary drastically, even block by block.