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14 November 2024 | 12 replies
I have done a few FHA shorts with Pennymac over the last year, and you are looking at maybe a month or two from application to approval, if the person handling the sale knows what they are doing.
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12 November 2024 | 0 replies
We submitted an agricultural application exemption and was accepted.
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13 November 2024 | 9 replies
Here’s a quick checklist to cover your bases:Property Condition: Get a thorough inspection to assess major items like the roof, foundation, and HVAC—this helps you plan for any big repairs.Financials: Account for all costs, including taxes, insurance, maintenance, and property management fees if applicable.
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13 November 2024 | 12 replies
Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).
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10 November 2024 | 5 replies
Any details on how everyone verifies their military applicants would be great!
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12 November 2024 | 6 replies
Tile is far superior for this application.
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10 November 2024 | 10 replies
We had someone submit an application with a fake Visa and fake letter of employment that obviously looked real.
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11 November 2024 | 3 replies
Quote from @Emory Clayton: From what I can tell, and my personal experience, you will have to lower standards so the Section 8 applicants can qualify.I'm not a fan of Section 8 because they tend to be far more problematic than tenants that pay their own bills.
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14 November 2024 | 10 replies
Should the management fee be collected on rent charges applicable to utility reimbursement, and/or the the rent charges to account for utilities directly baked in, and included in rent?
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4 November 2024 | 8 replies
The tenant advised me his girlfriend would submit an application, but not him.