Mike M.
How much should PM involve landlord?
13 June 2024 | 1 reply
Lastly, when i try and call them to speak to my property manager 99% of the time I wind up having to submit a note in their portal and wait for a call back.As to to the new garage door that will be installed by the tenant, I wish they would be more involved, giving the tenant some options of companies to call, and to walk them through the repair process.Am i wrong in any of these thoughts or concerns about my current PM---or---do i need to let the property manager do their thing and learn to take a step back?
Josh Chamois
Who has the best rates for HELOC's, Banks or Credit Unions?
13 June 2024 | 13 replies
my brokers all told me 10.9-11% for HELOC's and so i called Navy Federal CU and they quoted me at 9% with a $700 fee for the loan, that's really competitive so I went with the CU.Brokers are good at getting a bank account loan, based on existing funds if you don't want them to pull credit/income verification
Brian Willie
Can You Sell On A Wrap With A Property You Own Subject To?
13 June 2024 | 20 replies
Credit, financial risk, legal, tax, time, insurance and the ability to get clear title are all part of the problem as well.Selling a Subject To, to someone on a wrap, is very dangerous to all involved, IMHO.
Jake Brooks
How do you screen your tenants?
12 June 2024 | 3 replies
I believe setting the precedent upfront solves what could be serious issues before they even apply by giving them a rundown on some of the big key aspects of what the process looks like a head of time.Big indicators are verification of identity and verifying the references for documents when needed.
Garrett Brunell
Pregnant Applicant - Does she meet the income requirement?
12 June 2024 | 16 replies
This particular applicant does very well for herself and income verification shows there's no reason for concern.
Fendy Jn pierre
Safe neighborhood in Philadelphia
12 June 2024 | 10 replies
Hey there @Fendy Jn pierre you should definitely talk to the agent I connected you to to help you refine your search according to your criteria :-) But also I would ask what you are trying to achieve when you say you want to focus on "safe" neighborhoods.
Arianna Farinas
Not sure who to contact
11 June 2024 | 9 replies
Im going to buy my parents apt, we have most of the details worked out but im not sure who i speak to to create the actual document.
Jon Dawes
Take Two! DSCR loans for newbie investor w/downpayment but maxed out DTI
11 June 2024 | 5 replies
They do not require any income verification, DTI, tax returns, etc.
John Asher
Being asked to provide proof of rental payments for DSCR loan
10 June 2024 | 18 replies
This is most likely to establish your housing expense history/ verification of mortgage (renting in this case).
Joshua Voigt
Hitting a DTI wall with house hacking. Is DSCR refinancing an option
10 June 2024 | 12 replies
If you're not a W-2 employee or have additional income you can try an alternative income verification such as bank statement deposit averages or asset depletion (if you have significant reserves or assets.)