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19 June 2024 | 12 replies
Thanks, Gary Neely Gary, Just use you standard state contract and write out the terms of your seller financing in an addendum or on the OTP itself if there's lines for additional provisions.Be clear and concise.Example,Seller will carry a promissory note secured by a 1st position mortgage in the amount $97,583.00, at 6% interest, amortized over 30 years, witha a maturity date and balloon payment due 10 years after the closing date.Hope this helps and certainly get an attorney involved if you are not comfortable drafting the language.
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18 June 2024 | 5 replies
It would be simpler if you delayed property 1’s selling date or accelerated property 2’s selling date.
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20 June 2024 | 13 replies
However, to date, not so much the U.S. investors.
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18 June 2024 | 5 replies
Personally I’ve never done the binder method and made a tenant multiple rent options, I’ve just set the new rate and sent it out to them via certified mail with a start date of the new rental amount 2 months out so they have time to move out if they want to.
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18 June 2024 | 2 replies
Or you sell the first one to someone with leeway on closing date.
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18 June 2024 | 6 replies
Schedule a job walk at the project site with your architect present, at a predetermined time and date.
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19 June 2024 | 18 replies
This is like going on a dating site and putting in your profile that you have a lot of baggage so tread lightly.BRRRR are the steps.
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18 June 2024 | 8 replies
You can accept a partial payment, but if you do, you should send a Reservation of Rights, which basically says the date and the amount of the payment, but still allows you to move forward with an eviction if not paid in full.
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18 June 2024 | 4 replies
I did speak to my CPA & bookkeeper this past Thursday and was told late July I should have 2024 expenses up-to-date and taxes filed for 2023.
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20 June 2024 | 23 replies
Child support and alimony we generally don't consider, social security and disability we do. 620 credit score for all applicants, we will conditionally approve people slightly low on a case by case basis with increased security depositAs a general rule, an applicant that has been convicted of a 1st Degree, 2nd Degree, Life, or Capital Felony, or any crime involving the sale or possession of controlled substances, within 10 years preceding the date of application within the last 10 years will be denied.