Francis A.
California isn’t the only place where insurers are dropping homeowners
25 January 2025 | 9 replies
There are still inconsistencies in requirements, for example, the fire department may approve a property, but insurance companies might still consider it a fire risk.
Max Schilling
Cash For Keys In Foreclosure Sale Property
31 January 2025 | 2 replies
If need be, I can/will go down the legal path again, but I would like to avoid it as I want this property flipped ASAP.
Desiree Board
Sole proprietor, LLC or Corporation?
22 January 2025 | 3 replies
LLC's main benefit is from a legal perspective.
Brittney Yang
How To Structure A Partnership For Duplex Investment
29 January 2025 | 7 replies
@Brittney YangFor the actual legal document, get an attorney.
Stacy Fowler
New multi-family property owner
21 January 2025 | 1 reply
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
Steffany Boldrini
Seeking Advice: Issues with Jenny Yi, an STR Designer
4 January 2025 | 20 replies
.* Work Quality: Jenny never showed up to the house, she sent 2 people instead, she never mentioned she would not show up herself, she never asked for approval to send two others instead, they did not complete the job, and there were multiple unauthorized charges on my card.* Receipts and Expenses: Once I brought to Jenny's attention that we were 20k above budget, she refused for days to give me the receipts, saying that I needed to give her my credit card statement first.
Ken M.
Creative Financing and Some Things To Know
13 January 2025 | 1 reply
My humble advice to anyone attempting to do creative finance is:Creative finance is for experienced investors who have access to capital if anything goes wrong.Learn the lawsDon't use a contract "off the internet", laws vary by state and are also regulated on a federal levelLearn the financing techniques correctlyDon’t skip parts of the processDon’t ever do a “kitchen table” closingUse the proper deedAn attorney can help you with the legal work, but the rest you are on your ownYour guru will not bail you out“Investing” in someone else’s deal by providing a small 2nd loan so the “investor” can pay for “cash to the seller” and for “closing costs” so he can do the deal is a very bad planKnow what problems can ariseLearn the responses and solutions to problems before they are neededKnow everything there is to know about Title and what that meansKnow who a "protected class" individual isLearn the "back doors"Learn human natureUnderstand timelinesUnderstand regulation enforcement (some of these "mistakes" have a 10 year statue of limitations ( they can charge you 10 years AFTER you do the transaction) and carry hefty fines and possible imprisonmentThe court doesn't accept "I didn't know" for an answer"Know that the source of the lead plays a serious role in some states and federallyKnow how much of a "profit" pushes the boundaries to invite an investigationYou can be sued by the seller if you don’t do things correctlyYou are automatically at fault if an investigator or attorney or regulator gets involved.
Mary Holland
Hey everyone! Has anyone here gone through the application process for DSCR loans?
30 January 2025 | 7 replies
Once approved the send to QC and the file is sent to closing.
Ed Lopez
Excessive "Make Ready" Costs from Property Manager
21 January 2025 | 35 replies
How can a person/company do the following in 5 hours.Drive to the property.Inspect the property.Create scope of work.Send scope of work to owner for approval.Get approval for scope of work.Drive to store / supply house #1 for materials.Shop for and purchase materials at sore / supply house #1.
Zongfu Li
Kiavi is the worst lenders I have been working with
15 January 2025 | 11 replies
Weeks later, it was communicated to us that the underwriter wouldn’t accept the ones signed by only one of us – legally binding for LLCs – and required we send amended copies of leases signed by both of us.