David Cheng
What do you qualify as a proof of funds?
4 November 2024 | 34 replies
Though I write that we’ll provide $XXX toward the funding of our borrowers’ next deal, like most lenders, I qualify it by stating that this is not a loan commitment but is pending approval of the property, an acceptable preliminary title report, and some other weasel words.Why any borrower or their agent would accept this is beyond me, but they do, and it seems to be what they want to keep the deal moving.
Jamaal Smith
My monthly tax payment increased by a $600
29 October 2024 | 15 replies
So my point would be that the appraised value isn't always equal to actual value on a purchase appraisal.If everyone is month to month you have a lot of flexibility to go back to them and say, "Hey, we just got the property tax increase for the year and this will necessitate an increase in rent to $X,XXX/ month.
Jason Underdahl
Structuring a development group
22 October 2024 | 1 reply
The plan is to hold rentals together in LLC for 5 years then I will buy them out of the house for the price of the lot +$xx,xxx.
Allen Tracy
Home Buyer's Inc Spam Calls
25 October 2024 | 13 replies
That one was in October of last year: 229-xxx-1001.
C Rutherford
Responding to tenants
12 October 2024 | 9 replies
If she stays your response is "Great, well then since you are happy here I don't expect you to send any other texts like the ones on XXX and XXX".
Sara Kumar
Landlord rights: Tenant's rights to self repair door jambs from wheel chair damage
4 October 2024 | 13 replies
Alternatively you have your quote and would make the repairs for $XXX...it seems this has somehow turned into a tenant right that simply doesn't exist.
Greg P.
Want a tenant gone and need advice. 20/24 months left on a house hack.
24 September 2024 | 14 replies
give the tenant notice that you will have the car towed if they don’t remove by xxx date, and make sure you address problems right away instead of avoiding them.
Jon Zhou
Ashcroft capital: Additional 20% capital call
9 October 2024 | 312 replies
Fortunately, based on our leasing and sales assumptions, we believe will recover 50% of original LP equity:** Existing investors will be asked to contribute their proportionate share of a XXX million recapitalization,The mortgage lender will officially write its loan down to $X million. $1 million of the recapitalization funds will pay down the mortgage loan, with the lender staying in the deal at a principal balance $X million and new maturity date of January 2028.** The remaining XX million of recapitalization funds will be placed in a reserve to fund future tenant improvements and lease commissions.
Jennifer Fernéz
Want to put an offer in today - Help!
17 September 2024 | 3 replies
You don't necessarily need the tenant to sign the notice to vacate, you can make your offer and include that the seller will provide the tenant a notice to vacate by XXX date.
Marc Shin
how to people who manage STR's track "Active Material Participation Activities"?
15 September 2024 | 5 replies
So not hard for me to justify being a REP.Google xxx excel template to find what your looking for.