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3 October 2024 | 7 replies
The list of docs I have include:PSAMemorandum of AgreementAffidavit of LiensDue on Sale DisclosureAuth to Release InfoGen Warranty Deed (as the bank holds the title at the moment
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2 October 2024 | 8 replies
Since they don't all go up, we do a maintenance inspeciton to ensure there is not a leak or running toilet then we increase rent to compensate.
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14 October 2024 | 420 replies
The community is where the value is - not that the knowledge and legal docs aren't important cause they are.
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2 October 2024 | 5 replies
Every town in NJ has the doc on their website.
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4 October 2024 | 17 replies
Alternatively, and again this may not be worth the effort, in all Sub docs, there is likely a formal notice address.
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3 October 2024 | 14 replies
I wanted to add to the Why, should a investment property buyer use a DSCR program over a Full Conventional purchase or refinance, as we do all programs, whether for a primary, 2nd home or investment property.Currently Full doc loans, meaning using tax returns (2 years) for qualifying can be tedious work and interest rates are higher compared to our DSCR products, since on Fannie Freddie conventional loans require LLPA's ( loan level price adjustments) added to the base rate.
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30 September 2024 | 12 replies
I was able to get an inspection done and from that I know the main work needed is as follow:Under house crawlspace:some foundation pillars or crumbling and need replacement.Major leaks under main bath causing wood beams deterioration.Multiple minor leaks to wood beams in different areas as well.HVAC duct work is leaking at connections.
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4 October 2024 | 15 replies
Edit: Strangely Grocapitus docs say purchase price 29.6m but this new says the previous owner sold it in 24M.
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2 October 2024 | 11 replies
In NJ you can create one online with formation doc and EIN number for under $150, no need to use an attorney unless you have other partners then using an attorney for the operating agreement is a good idea
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1 October 2024 | 7 replies
So you have a roof leak, the underlayment is rotted, they say they won't pay for it.