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11 January 2025 | 14 replies
Fake income documents are easily purchased online, and inexperienced screeners often miss red flags.
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10 January 2025 | 11 replies
This protects your investment and gives you leverage if there are issues.Other Tips:Make sure the lease explicitly defines the move-out date.Conduct a thorough walkthrough with documentation before and after the lease period to avoid disputes.Handling a seller-to-tenant situation can be tricky, but with the right precautions, it can work smoothly.
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26 January 2025 | 48 replies
You'll need documentation of the cost to replace, hopefully, pictures from your cleaning team before their arrival, an owner's closet with lock for supplies, and limit the number of supplies you provide to a determined number.
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17 February 2025 | 61 replies
The answer was no they don't generate the mortgage nope they don't research the deed or title, and nope they don't prepare the closing documents so what part do they do ya I'm not sure why you need them either.
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5 February 2025 | 69 replies
Their rates are good but boy, they looked at my financials and ask some funny questions such as asking for proof that I could withdraw funds from my SEP IRA account, and that I need to provide documentation to verify that this employer sponsored retirement account allows for funds to be withdrawn, or if withdrawals could only be made in connection with the borrowers employment termination, retirement or death etc. everyday they sent me something new to answer.
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16 January 2025 | 23 replies
Careful going outside state lines -- contract for deed is not allowed in Texas.The loan documents always have right to foreclose and recover property.
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23 January 2025 | 16 replies
LLC-A deducts the 10% management fee, while LLC-B reports it as active income, subject to self-employment tax but eligible for tax-efficient salary and distribution strategies.Ensure the setup has a clear business purpose, reasonable compensation, and documented management services to avoid IRS scrutiny.
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11 January 2025 | 1 reply
It takes them forever to sign documentation and make decisions.
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14 January 2025 | 1 reply
While my husband and his ex make a similar income and do not exchange child support due to us pointing that out in court a couple of years ago, she actively request all financial documents that she possibly can and examines our taxes, etc.
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27 January 2025 | 14 replies
It also allows you to manage paperwork and document communications with Tenants.