Bob Asad
Use SFH HELOC to Purchase 12-Unit Apartment?
30 July 2024 | 3 replies
DSCR requires No income, No Taxes and Commercial requires a PFS, occupancy ratios usually above (90%), Credit scores above 720+ much higher assets for (PITI reserves and overall risk, landlord seasoning, and more.A Heloc can be used in most cases for anything but when you are trying to buy a commercial building which is higher risk, the committee/UW can and in most cases will deny it if they feel you are over extended low assets or with no landlord experience, unless you have a meaty amount of equity to cross collateralize for a junior lien on another property.
Avery Moore
1st time with Section 8 need insight
30 July 2024 | 3 replies
Contacted the Housing Authority to confirm if I were to receive or deny money being that the security deposit was covered.7. agreed upon moving forward, May 14 an emergency happens & couldn't meet for the keyThe housing authority are very hard to contact for answers and the case worker for this case is on vacation this week.
Joe Carp
How to land funding.
28 July 2024 | 3 replies
I went to the bank to get a pre approved letter as and was denied bc of my income.
Account Closed
What would you do? Potential renter with a felony.
1 August 2024 | 125 replies
Denying a potential applicant based on factors not related their financial capacity could be deemed discriminatory.
Jonathan Weinberger
I spent $800K with Own It Detroit -- $20,000 on this rehab. Rate it! (Part 2)
1 August 2024 | 12 replies
They're not making excuses, exceptions, and I've denied any payment plans. 3.
Steve Juba
Experience with Melio Payments: BAD--Anyone else?
26 July 2024 | 1 reply
When I did it correctly, they denied the transaction and informed me that my TAX ID and account is no longer authorized to use Melio, with NO EXPLANATION.
Amanuel Gebrelibanos
Having a real estate agent VS being your own real estate agent?
28 July 2024 | 21 replies
I've seen so many ethics and commission complaints where the agent files a claim With their e&o carrier to only have it denied because of that threshold and they're always totally shocked.
Julie Clark
Number of tenants vs. Square footage
25 July 2024 | 3 replies
However, "person" is a human of any age, so we had to deny them the unit.A true bedroom must have the ability to egress aside from the door, so the closet would not qualify.
Andrea Chacon
Investment property with alterations (add room and bath) but no permit in Florida-
26 July 2024 | 4 replies
We do want to get the appropriate permit but I am thinking that will take a lot more time and additional expenses to have it all in order and we need to be able to refinance it since we are purchasing cash (we are having a hard time with a lender which we initially wanted to do a rental 30 year loan, but not sure if there will denied due to this non permitted alterations to the house).
Trent Reeve
Self-directed IRA investment
26 July 2024 | 18 replies
Quote from @Denis Herrera: Quote from @John Underwood: Yes I do.I have a solo 401k Roth - no custodian requiredI have a self directed IRA with checkbook control - also a ROTH.