Randee Erickson
Blue Gate Capital - are they legitimate?
17 January 2025 | 37 replies
and very easy to go on line pop companies names in or the MLO name in the system to see if they are real.. if they pop up on that site then they are for sure real.
Chrissy Smyth
Rental in depresses area and minimum requirements
8 January 2025 | 3 replies
Screening: Includes income verification and rental history verification.
Alec Barnes
How Do You Ensure Quality Tenants?
9 January 2025 | 12 replies
As for income verification, I require the applicants two most recent paystubs and if self employed I need their most recent tax return.
Desiree Rejeili
Understanding Mortgage Recasting: What Homeowners Need to Know
22 January 2025 | 0 replies
This is much lower than the costs associated with refinancing.Benefits of Mortgage RecastingLower Monthly Payments: The most immediate benefit is a reduced monthly payment, which can free up cash for other financial goals.Save on Interest: By reducing your principal balance, you’ll pay less interest over the life of the loan, potentially saving thousands of dollars.No Credit Check or Appraisal: Unlike refinancing, recasting doesn’t require a credit check, income verification, or home appraisal, making it a quicker and simpler process.Keep Your Current Interest Rate: If you have a favorable interest rate on your current loan, recasting allows you to maintain it while still lowering your payments.Drawbacks of Mortgage RecastingRequires a Lump Sum: Not everyone has the cash on hand to make a significant lump sum payment, which can make recasting inaccessible for some homeowners.Doesn’t Shorten Loan Term: While your monthly payments are lower, recasting doesn’t reduce the length of your loan.
Allende Hernandez
Do you run screening in all the potential tenants?
22 January 2025 | 16 replies
What they said.....everyone over the age of 18 has to have a background/credit/ ID verification and sign the lease.
Spencer Elliott
Keeping Land Loan separate from site prep and home loan
2 January 2025 | 2 replies
The bank they are using with that offer is now saying my site prep bid came in way too high and not approving me (so far. still in process).
John Fleming
Property Management Reccomendation
14 January 2025 | 3 replies
If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.
Henry Lazerow
Two warnings for the Chicago market! Section 8 lawsuits and fake tenants ID's
22 January 2025 | 12 replies
One way we fight this is with photo verification pre-lease signing and not approving renters who don't view the place in person, our credit underwriting software also flags apps that have a high likelihood of fraud.
Amir Portal
Help whit choosing a neighborhoods for BRRRR strategy
28 January 2025 | 10 replies
I do all of this remotely, so I use the above process to filter out 90% of the properties and then send the other 10% to my local team for verification.
Rafael Valdor
Renting out my townhouse: DIY vs. PM vs. Realtor
11 January 2025 | 14 replies
Late payments, property damage, and evictions are avoidable when you have a PM who knows how to find reliable renters.I encourage you to seek out a property management company that emphasizes tenant screening and uses modern tools for verification.