Monty Alston
Need creative advice to pull equity out of my home ?
18 January 2025 | 15 replies
If the use of the funds are for business purposes, like investing in real-estate, you will have an easier chance of qualifying for a loan documentation and income wise.
Gary Abrams
PM software or app, to organize for a secondary manager to take over
7 January 2025 | 3 replies
If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.
Fareen E.
Start lease on closing date or the day after?
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.
Ricky Hernandez
Turning a New Build into a Rental Property
6 January 2025 | 7 replies
As someone who’s spent a couple of decades in real estate investing, here are a few things I’d keep in mind:HOA Restrictions: You’re absolutely right to check the HOA documents.
Victor Yang
if i gift a house, is the cost basis what i purchased it for or the FMV?
20 January 2025 | 2 replies
They are familiar with you and can give you direction and documentation.
Anthony Vaganos
DCSR vs Conventional with transfer tax
19 January 2025 | 8 replies
I asked specifically about transfer in PA from personal ownership to LLC...so maybe it not considered a "sale".Thanks for the input on the personal loan vs LLC, this is what I was unsure of as my name would be tagged to the property via the conventional loan document.
Izraul Hidashi
If a Borrowers Promissory Note Funds a Loan Who Is The Creditor?
15 January 2025 | 32 replies
Promissory notes are transferred by endorsing the back or a document called an allonge.
Rene Hosman
How much time do you spend prepping for taxes?
14 January 2025 | 28 replies
I have already received my preliminary documents from her for my accountant.
Evelyne Ling
Junior Lender Foreclosure questions
6 January 2025 | 2 replies
Is there a specific document that I will need?
Treza Edwards
Kiavi Funding Lender
15 January 2025 | 9 replies
They don't ask for any documents just do a credit check and you fill out their application.