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20 July 2024 | 5 replies
Any new loan will most probably condition for an explanation for the inquiry; my guess is this wont go over well with the new lender.
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18 July 2024 | 7 replies
He revisits the topic often in his newsletters and his explanation stays the same.https://www.mobilehomeuniversity.com/mhp-mastery/the-new-par...Where I have seen some impressive development in my neck of the woods is in long term RV park development.
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18 July 2024 | 3 replies
This was not unique to a specific lender but some made the process easier then others for sure.Anyway, I am now approaching 75% LTV (based on initial purchase price) for the last investment property with PMI so I reached out to start the process and was denied with no explanation.
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19 July 2024 | 12 replies
Security deposit amountYou can find plenty of examples by searching for "tenant estoppel certificate doc" or exchanging "doc" with "pdf" for more options.Here is an example and explanation: Sample EstoppelSome have a lot of legal jargon but this document does not need to be so detailed.
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18 July 2024 | 17 replies
When I bought these lots two years ago there wasn't any new construction in the area yet but here's where knowing your market and having a good idea of what drives development geographically, amongst other factors (jobs, amenities, public trans, etc.), is very important.
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16 July 2024 | 4 replies
Appreciate the explanation.
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16 July 2024 | 6 replies
Thanks for the replies and help, after talking with them and the explanation of the eviction given I've decided to rent to them.
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17 July 2024 | 15 replies
@Brian Arcangeli thank you for explanation.
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19 July 2024 | 53 replies
My only complaint with them was when the loan was repaid, the title company overpaid the interest due in settlement and 8 months later they still haven’t refunded or provided an explanation- the only response I get back is “that loan sounds familiar and is on my desk but the closing hasn’t been approved”. 8 months later I don’t buy it...Experience 3: Lending one - refi on the house for a long term rental.
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15 July 2024 | 11 replies
A 1 hour commute is not a problem but you may need to provide a letter of explanation.