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28 June 2024 | 1 reply
Essentially he rehabs his properties to make them undeniably high quality (not just "good enough" for section 8) in order to generate a huge demand and thus be able to be extremely selective in his tenant screening process.
28 June 2024 | 10 replies
This step should be done carefully, with legal advice, to minimize the risk of triggering the Due on Sale Clause.Monitor the Loan: Ensure timely mortgage payments to avoid drawing attention from the lender.Legal Support: Have an attorney review all documents and agreements to ensure compliance with local laws and mortgage terms.The Due on Sale Clause is a critical tool for lenders to protect their financial interests, manage risk, and maintain the quality of their loan portfolio.
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27 June 2024 | 10 replies
(And if you think they'll update the language, I have a bridge to sell you...)Next, it has triggered occasionally and we send out a reminder that we are a smoke-free property which usually works.
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28 June 2024 | 14 replies
I am extremely familiar with the Birmingham, AL market.
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1 July 2024 | 58 replies
In Florida texturing drywall is extremely common.
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27 June 2024 | 2 replies
The mortgage remains in the seller’s name, but the buyer gains ownership of the property and makes the payments.Risk: This can trigger the Due on Sale Clause, so it’s essential to understand the risks and have a plan in place if the lender calls the loan due.Wraparound Mortgage (All-Inclusive Trust Deed - AITD):Definition: A wraparound mortgage involves creating a new mortgage that "wraps around" the existing one.
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29 June 2024 | 8 replies
"I pay in cash, no closing cost, no matter the condition BUY I will make you an offer blow market value as a trade off.Not everyone will accept this, but those that do are extremely motivated!
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28 June 2024 | 13 replies
When you're ready to pull the trigger hit us up!
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30 June 2024 | 28 replies
Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.