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10 September 2024 | 28 replies
If you read about transfer taxes at the PA Dept of Revenue website, you should be able to find a document with a table where you would look up that factor.
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7 September 2024 | 5 replies
What you want to avoid is expensive upgrades that don't add value to the home, like 18K for fencing.The good news is the appraisal will be done based on the building plans and the value will be subject to the completion of the home.
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7 September 2024 | 8 replies
The idea is it’s a signed document from the tenant saying they pay $$ per month and have $$ in deposits.
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9 September 2024 | 14 replies
But the best ways to get started are, in my opinion: 1) save up enough for a 10-20% down payment and then save a lot more on top of that for reserves, overages, and any unforeseen repairs. 2) have your financial house in order and have credit above 700 to get more favorable rate and terms from lenders. 3) speak to a loan officer that is experienced with fix and flips and get the necessary documents together for a pre approval (typically not much required, usually a valid ID, LLC docs if any, and two months of bank statements showing funds for down payment and reserves).
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9 September 2024 | 9 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?
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7 September 2024 | 5 replies
The seller can provide all the documentation in the world, but you really have no clue if they are making it up or not.The best signal I've been able to get regarding whether or not an inherited tenant is "good" or not is how well kept they keep the house.
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6 September 2024 | 39 replies
One thing is for sure certain Ghosting lenders/ investors is about the worse thing you can do as a sponsor even if your communications are bad news..
5 September 2024 | 9 replies
Dan, you might want to check out the Short Term Rental forum here on Bigger Pockets too.Also, in the past week, there is some disturbing news from the city council in OC.
7 September 2024 | 5 replies
I would start with that ASAP so that the lease violation is documented.
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6 September 2024 | 10 replies
Great news for you and your husband.