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9 July 2024 | 4 replies
Two dates after closing a letter arrived addressed to the previous owner from a lender about late payment on loan.what steps to take?
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9 July 2024 | 21 replies
Upon arrival we had to cleanup two dump truck loads of garage that they left behind in the apartment and basement.
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10 July 2024 | 11 replies
I'm a little surprised because this guest has twelve 5-star reviews on AirBnB.From reading the collective wisdom of this group, I know that all the above is small stuff.
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10 July 2024 | 12 replies
Sure just DM me your email address and I’ll send some stuff over.
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11 July 2024 | 6 replies
Real Estate is definitely not just a "numbers analysis" and you are definitely thinking about things the right way - but I think a good next step for you would be to spend some time putting a lot of this stuff into a (very) basic financial model/spreadsheets mapping out all the potential costs and estimates on effect (effect on value, on exit, different scenarios) - I think getting started with that framework should help with these decisions immensely
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13 July 2024 | 51 replies
@Cindy TruongHey Cindy, Curious how you are managing repairs and maintenance stuff.
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10 July 2024 | 31 replies
So now that it is empty, I have been doing as much work as I can myself, such as painting all the walls, replacing damaged bricks, drywall repairs, AC duct repairs, plumbing repairs, and simple electrical stuff to save money, but do not feel like I have the woodworking skills needed to install cabinets or siding and have it come out looking professional and clean.
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9 July 2024 | 3 replies
Once they get the tenant out while I'm there, do i make him take his stuff?
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8 July 2024 | 6 replies
Yes you can as long as your father will live in the home as his primary residence and you put enough down to cover your portion of the loan that VA will not guarantee.Here are the VA guidelines for calculating the down payment.VA calculates the guaranty as described in the table below.Step Action1 Divide the total loan amount by the number of borrowers.2 Multiply the result by the number of veteran-borrowers who will beusing entitlement on the loan.There is usually only one veteran borrower, in which case the resultof this Step is the same as the result of Step 1.3 Calculate the maximum potential guaranty on the portion of the loanarrived at in Step 2 (as if that portion was the total loan).Use the maximum guaranty table in section 4 of chapter 3 of thishandbook.4 VA will guarantee the lesser of:• the maximum potential guaranty amount arrived at in Step 3, or• the combined available entitlement of all veteran-borrowers.5 VA makes a charge to the veteran-borrower’s available entitlementin the amount of the guaranty.If more than one veteran is involved, VA divides the entitlementcharge equally between them if possible.
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9 July 2024 | 6 replies
If you are a big enough agent in the space, people tend to send you off-market deals/distressed stuff as well.