DM me your email address if you want to be added.

Say if I have borrowed $1M with money interest payment of $1K, will $1K be added to my monthly debt?

This Notice is a demand for payment.Attorney’s fees will soon be added on if you do not comply with the demand(s) herein.Your rent payment has not been received, nor have we received a call from you.

It’s a BIG rehab job so not much else could be added to the rehab budget.

Maybe if enough people chime in here about wanting a separate category for mobile home investing (apart from the mobile home park investing category), one will be added.

I have seen several times that lenders calculate DTI incorrectly.For example, if total expense of your rental properties is $9,000/mo and total gross rent is $10,000/mo (thus net rental income is $1,000/mo); You have a employment job that pays you $8,000/mo salary and you primary home's PTITA is $900, no other debtsThe correct way to calculate DTI is 900 / (8000 + 1000) = 10%I have seen several lenders calculate like this  (900 + 9000) / (8000 + 10000) = 55%https://selling-guide.fanniema...If the rental income (or loss) relates to a property other than the borrower's principal residence:If the monthly qualifying rental income (as defined above) minus the full PITIA is positive, it must be added to the borrower’s total monthly income.If the monthly qualifying rental income minus PITIA is negative, the monthly net rental loss must be added to the borrower’s total monthly obligations.The full PITIA for the rental property is factored into the amount of the net rental income (or loss); therefore, it should not be counted as a monthly obligation.The full monthly payment for the borrower's principal residence (full PITIA or monthly rent) must be counted as a monthly obligation.So, only the net rental profit or loss should count towards your DTI, not the entire PITIA and repair cost.If you have a net rent loss of 1000/mo instead of net rent profit, then DTI is  (900+1000) / 8000 = 23.75%In summary If it's positive rental income, DTI = Primary home PITIA / (Salary + Net rental income); If it's rental loss, then DTI = (Primary home PITIA + Rental loss) / Salary.

Request the mortgagee clause from the lender and this will be added to the insurance certificate.

Make sure before you proceed to add an ADU that you understand the value that will be added by the ADU.  

Your lease should have (if not get it) strong wording regarding who is allowed on the property at outset with more details how a relative or a friend can be added to lease, provided they fill out all requisite applications, deposits, paperwork, etc, all ultimately dependent on your approval - or not, with extra rent - or not.The problem with finding out the tenant was using it as an airbnb, all goes back to an old familiar problem. 1.

You can be added to the list of others.