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13 February 2025 | 3 replies
Consider the broader economic factors like local employment rates, schools, and public amenities, which can influence both demand and pricing.
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13 February 2025 | 14 replies
Quote from @Katie Accashian: I am looking to take money from my retirement that I accumulated from my previous employer and move it into a self directed IRA to buy a real estate investment.
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17 February 2025 | 7 replies
., buying and selling your own property, managing property owned by your employer)Thanks in advance!
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19 February 2025 | 4 replies
Are you self-employed?
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12 January 2025 | 4 replies
(Usually you cannot use prior employer history until you have been at your new job for 6 to 12 months, depending on the underwriter to show that you are maintaining the same level of bonus/overtime/commission income that you had at your prior employer).
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19 February 2025 | 4 replies
Do any property managers out there employ (sub contract) assistants to manage the overflow of their responsibilities
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7 February 2025 | 7 replies
Non-QM I can do things like bank statement, self-employed, ITIN, Jumbo, blah blah blah.
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5 February 2025 | 6 replies
We closed on our first property on November 15 and plan to employ the fix-and-flip strategy.
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14 February 2025 | 8 replies
These all require applicants to submit an acceptable Letter of Explanation addressing each specific issue and occurrence.Rental HistoryBecause a current landlord may say anything to get rid of a bad tenant out of desperation, we also require information for the previous landlord of all applicants…Analyze IncomeMany landlords require a month of paystubs from applicants and just use these to calculate a monthly qualifying income…Employment StabilityUnless an applicant has exceptional credit, we strive to determine their stability of employment…AssetsWe are one of the few management companies that requires a bank statement as part of our application process…Letter Of ExplanationAny time there are credit issues or we discover an inconsistency, we require a written letter of explanation (LOX)…UnderwritingTraditionally, landlords have only looked at the income of applicants…ApprovalOnce an applicant is approved, we require a nonrefundable Holding Fee to make sure they are serious…
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19 February 2025 | 20 replies
It seems like this would have to be some preset terms under employment agreements.