15 October 2024 | 19 replies
If not, have you started inquiring about it from banks?
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15 October 2024 | 5 replies
Haven't had to worry about this yet but I hear it makes it impossible to evict if you accept even a partial payment so I'm glad I can choose my settings to only accept full payments•I can set up rent disbursements from different properties to go to different bank accounts for bookkeeping purposes that's niceCons•My only big complaint is that I cannot set up a general application link, I have to use the RentRedi portal to send an email to "invite" individuals to apply one-by-one.
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16 October 2024 | 13 replies
With no income from the properties due to all the tenant issues, the bank foreclosed on them.
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15 October 2024 | 40 replies
If the mortgage is getting paid, usually banks won't worry about it.
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13 October 2024 | 23 replies
Find a non-bank lender or broker who offers bank statements loans - this is literally the situation that these products are meant to tackle.
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15 October 2024 | 2 replies
My debt-to-income levels, by conventional banking standards, are good but not great.
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15 October 2024 | 14 replies
On our syndicated properties we have 2 bank/lenders that issue non recourse loans to us as long as we have 50% equity in the deal.
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15 October 2024 | 10 replies
I've been advised by a local investor to look off market and utilize seller financing as I don't have much capital to work with nor the 2 years of employment records needed for a bank loan.
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13 October 2024 | 4 replies
I actually just want the banks to get their $71k so that when I start probate on the bank accounts no one at all can claim any of the monies from the few bank accounts.
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9 October 2024 | 13 replies
I have $1.5M in the bank, and I’m trying to figure out the best move for my situation to start building out my portfolio and making moves towards financial independence.