Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

If you're already pre-approved, I would recommend verifying that your lender can service a non-warrantable condo and is keeping the loan in-house.It's completely normal to second-guess a decision like this—there's always some speculation involved.

You'll either need to put more money down, or accept the reality that high leverage creates a higher debt service payment.

Over the last year I have built up a strong Home Repairs business (Eastern NC Home Repairs) that services New Bern, Greenville, Jacksonville, Morehead City, Kinston, and Havelock.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

These days insurance companies have the reputation for paying you for the service and then trying to claw back the money later. 

Services such as HelloSign or even more comprehensive property management software like Cozy or TurboTenant offer electronic signing as part of their application processing tools, sometimes without the same limits as DocuSign.

For Fannie Mae in my experience, you need to understand and plan for the quarterly and yearly reporting requirements along with the loan servicing inspection requirements. 

So, my extended thinking in service of that goal is to double down on BTC for 24 months and see how we’re doing.