John Jacobs
Private Money Lending Question
20 August 2024 | 16 replies
There are many Business Loan Applications, which are virtually identical and carefully worded, that you can find online.Hopefully, your lawyer includes a Certificate of Non-Owner Occupancy in your loan package, and language to that effect is liberally mentioned in your note and mortgage/deed of trust.Consider obtaining a script offered now by some lending attorneys that you can use to interview your borrower about their intent during a recorded Zoom call.
Joseph Agins
Prepayment penalties on DSCR loans for paying extra?
20 August 2024 | 12 replies
However, the language regarding "any partial reduction payments" did surprise me and pique my interest.
Steven Belter
Belize Property Investing
19 August 2024 | 22 replies
Belize is relatively easy to invest in there currency is pegged to the USD and there official language is English so the legal documents do not need to be translated for you to understand them.
Tucker Cummings
REI Reply - Too Good To Be True?
23 August 2024 | 181 replies
It's an all-in-one solution that basically creates all the language for you.Also, there is no mention on their website who the founders are, where the company is headquartered, and what experience they have back end real estate data analytics or anything real estate.
Chuk Obiazi
Is wholesaling as easy as they say?
20 August 2024 | 24 replies
The people who say wholesaling is easy are generally in two camps:- A Guru with a mentorship or training program- A student who just paid thousands of dollars to one of those gurus, and is required to post about how life changing the program was, often using "Go Giver" "Abundance Mindset" or other similar hustle culture language.
Tom Thomson
Insurance Company for Buy and Hold Rental homes
18 August 2024 | 12 replies
I think what folks are trying to advise here is that you need to make sure you're dealing with an agent who knows policy language, has good experience in the industry, and knows how to help you and protect you at the same time.Hope you find this helpful.
Mak K.
Roofing- 5 properties- How to negotiate with roofers
17 August 2024 | 8 replies
Many insurers have started slipping in language that excludes certain coverages on roofing material.
Andrew Postell
How To: Cash out 1-4 unit Property
20 August 2024 | 452 replies
Fannie/Freddie do not have any language to what is allowed....because if it is not prohibited - then it's allowed.
Sam P.
Landlord insurance Policy for LLC
16 August 2024 | 9 replies
If they are listing your LLC as an "Additional Insured", you might be good (of course dependent on policy language).
Nick Zigler
Adding tenants to existing month to month lease
15 August 2024 | 4 replies
The proper roommate addendum should reflect you adding 2 new occupants and should include language as such:the parties hereto agree as follows:1.