Jimmy Sont
Loan Company made a mistake, what to do?
26 October 2024 | 7 replies
Most loan packages include something you sign that says that you will cooperate with them to correct any technical errors like this and I believe it also includes the ability for them to sign for you if you don't but obviously they prefer to have clean paperwork where you have signed it.
William Coet
Invest in a Syndication as an LLC or Individual
29 October 2024 | 6 replies
I know several who invested in my fund with a LLC and regret it because they close the LLC because I just costs them more money every year and to transfer it back into their personal name is additional paperwork and costs to transfer.
Jenni Utz
The Importance of Property Management in Real Estate Investing
28 October 2024 | 7 replies
They take on the responsibility of tenant communication, emergencies, and paperwork, which can otherwise be overwhelming for individual property owners.The Challenges of DIY Property ManagementWhile many investors choose to manage their own properties, it comes with its set of challenges.
Deborah R.
Hurricane advice - LTR flooded
5 November 2024 | 39 replies
They can also handle all the paperwork and help with any legal stuff you might need to know.One thing that can help you and your tenants in the future is making sure your renters get renter’s insurance.
Ben Foullon
How do I form a holding company?
25 October 2024 | 4 replies
You could be creating unnecessary paperwork, headache, admin responsibilities, etc.This is more of a legal question, but typically I would think for a holding company you would want to list yourself as the manager of the holding company.
Francis A.
In fast-growing Phoenix, higher rents have pushed more people to their financial limi
30 October 2024 | 4 replies
Scattered across their floors and countertops are the evidence of their hurried departures: half-packed bags and unwashed laundry, children’s toys and textbooks, bills and paperwork, canned food and loaves of bread, pet cages and, in some cases, the pets themselves.
Jorge Esteban Vargas
Everything Has Gone Wrong - Should we cut losses?
25 October 2024 | 14 replies
He ignored these requirements and he went straight to the County with the same paperwork and the county approved the subdivision; therefore he was able to sell 5 of the 6 properties to different investors.
Chris Berry
Section 8 tenant thoughts
24 October 2024 | 33 replies
Others may see that differently.There is no additional paperwork except the initial rental contract.
Jamie Dupont
Rochester NY LTR Tenant 4K damages
31 October 2024 | 17 replies
We may file small claims as it’s only $20 to file plus having someone deliver the paperwork to the tenant.
Archie Barrett
How lenders typically calculate DTI
24 October 2024 | 16 replies
@Archie BarrettJust wanted to say that there are MANY reasons to consider a DSCR loan vs a conventional loan, not ONLY if you do not qualify for a conventional loan due to DTI.Possible DSCR Benefits:Can do cash out refi prior to 1 year seasoning of the mortgageCan do cash out refi with no seasoning of ownership (with some lenders)Can do a loan with much less paperwork (this comes more into play every time you add a property)Can close on a DSCR loan directly in your LLCCan have your DSCR loan not report on credit (depending on the lender)DSCR loans can be cheaper than conventional loans for many credit scores and down payments.