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6 November 2024 | 17 replies
I would probably start with 1 somewhat larger initial increase of maybe $75-100 followed by yearly increased of $50 (around 5%).
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6 November 2024 | 26 replies
Although there were a few miscommunications internally at Flock which I had to clarify/follow up on to rectify.
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5 November 2024 | 4 replies
@Neal DaftarySo - You need to set up a regular LLC, this would be considered the parent LLC to the following series LLC's that you will create for the specific purchases.
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4 November 2024 | 1 reply
If you used TransUnion to screen, they are also required to provide the applicant with an "adverse action" letter, detailing the screening company’s contact information for follow-up.
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6 November 2024 | 11 replies
Following - I'm also based in the Bay Area
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7 November 2024 | 22 replies
Bookkeeping when it comes to real estate investments can get tricky.I often find the following mistakes occur1) They fully write off the mortgage payment when in reality the mortgage payment is broken down into Interest, principal paydown and an increase into the escrow account.2) If the property is managed by a PM company, do not factor in the PM Statement3) do not calculate depreciation expenseBest of luck in your search for a proper bookkeper.
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7 November 2024 | 15 replies
I would have ran out of capital on property #2 if I didn't loosely follow the BRRRR strategy.
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4 November 2024 | 34 replies
Stick to your guns. some HML just send out the POF with out doing any look see into the borrower so I agree HML POF is suspect until proven other wise..
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6 November 2024 | 9 replies
Thanks so much for your help in advance I would see if you could do a rent to own or seller finance. you are going to have trouble getting financing without income for a primary residence as the lender has to follow federal guidelines and your ability to repay - which if you do not have income that makes it challenging to qualify.
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8 November 2024 | 21 replies
If you have any specific questions feel free to follow up and I'd be happy to answer.