Drew Sygit
New Michigan Law: Landlords Can't Discriminate on Tenant Income Source
21 January 2025 | 11 replies
.: I haven't passed this past legal review so for what its worth: Part of my standard requirements for everyone include income is at least 3X rent, minimum credit score, say 640, Clean record and no evictions as well as deposit is paid in full at signing of lease and 1st month rent is paid in full prior to handing over the keys.
Paul Novak
Small & Mighty Real Estate Investing
21 January 2025 | 14 replies
Please note that contrary to common belief a lender can NOT prohibit a transfer, they could only declare such transfer a item that allows them to accelerate the note.Up until now, very few notes have been “called” due when title has transferred.
Henry Lazerow
Two warnings for the Chicago market! Section 8 lawsuits and fake tenants ID's
22 January 2025 | 12 replies
I alwasy respond yes and ask my standard follow up questions and never once have they responded back to schedule a showing.
Shawn McCormick
Non Renewal form
15 January 2025 | 1 reply
As long as you express the key details of tenant information, lease dates, along with any standard information to vacate, and clear language of "non-renewal".
Zongfu Li
Kiavi is the worst lenders I have been working with
15 January 2025 | 11 replies
Unfortunately, not many around like that...The appraisal is about $150-$200 higher than standard cost because they likely went through an appraisal management company ("AMC") to get the appraisal ordered/assigned.
Jesse Yoder
What Insurance to use for BRRRR
20 January 2025 | 6 replies
If the property does not require an extensive rehab and just needs cosmetic repairs then a standard landlord dwelling policy in most cases depending on the carrier.
Nicholas Glisch
questions about aven heloc credit card
16 January 2025 | 3 replies
They don't work with any type of forbearance and do not use the same standards that a heloc does.
Eli Kim
Maxed DTI. How should I get more properties?
10 January 2025 | 20 replies
If they are CF positive then they will not cohnt against your DTI but will improve it...that's standard conventional guidelines barring a few exceptions.
Laura S.
Advice for 1st time landlord evaluating applicant
6 January 2025 | 5 replies
You have set your standards.
Brian Kantor
Any multi-game arcade machines/vendors you'd recommend?
1 January 2025 | 27 replies
The two types I get from Arcade Headquarters are the standard full size cabinet with 60 games and then a whiskey barrel setup with controls on top with a 42” display mounted on the wall behind it.