How does the buyer ensure that the proceeds are used to pay the first mortgage?

Most other things are worth attempting to resolve yourself after ensuring safety and doing research.

Ensure you have an itemized invoice from the cleaner, which can help justify the deduction.Reasonable Deductions: Long-term tenants often leave normal wear and tear, so I recommend being lenient on minor issues.

Also, ensure you're compliant with New York's security deposit laws, which cap deposits at one month's rent.

This ensures a clean transition of ownership and responsibility for insurance purposes.

. - Property type (single-family homes, duplexes, or small multifamily)- Min/max square footage or number of bedrooms and bathrooms- Desired cash flow or ROI metrics to ensure profitability- Property Condition (turnkey, light cosmetic fixes, or heavy rehab)- Neighborhood type (A/B-class areas for appreciation vs.

Unlike banks, which offer limited loan options, brokers have access to a wide network of lenders, including niche and non-traditional financing sources.Here’s what they do:Assess your financial situation to determine your borrowing power.Compare multiple loan products to find the most favorable terms.Negotiate rates and terms with lenders on your behalf.Guide you through the application process, ensuring you meet all requirements.Example: Suppose you have a lower credit score or unconventional income sources.

I have deals needing funding and want to ensure I'm structuring them in a way that's competitive and appealing to private lenders.

@Zach Lemaster and his team was super helpful, supportive, and knowledgeable which ensured a super smooth purchasing process!

We're improving units, management efficiencies and bringing rents to market value.