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27 November 2024 | 3 replies
.- Most people kept their ADUs under 750sf to avoid the impact fees- For subdivision, it wouldn't be applicable in your case due to your lot size.Feel free to reach out if you like to discuss in details.
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31 December 2024 | 418 replies
All information which I have furnished in this Subscription Agreement and the Investor Questionnaire, concerning myself, my financial position, and my knowledge of financial and business matters is correct, current, and compete.Then we have a section "Accredited Investor Status" with a checkbox to select your status.Then we have another section:Purchaser represents and warrants to the Company as follows:My Statements and responses contained in this Subscription Agreement and the attached Investor Questionnaire are complete and correct and may be relied on by the Company for the purpose of complying with all applicable security laws and to determine whether I am a suitable investor.I will notify the Company immediately of any material change in any statement or response made in this Subscription Agreement or the attached Investor Questionnaire before acceptance by the Company of this subscription.
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26 November 2024 | 3 replies
I'd want to know more information to make a good recommendation, but it sounds like you would have a strong argument if everything else is the same except for location.MP tasksTenant Management:Showing properties, screening applicants, and preparing leasesWelcoming tenants and addressing inquiriesCollecting rent and managing evictionsProperty Maintenance:Cleaning, repairs, and inspectionsAdministrative & Marketing:Supervising staff, purchasing supplies, and promoting rentals (ads and website)
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22 November 2024 | 4 replies
A good deal to you could be a bad deal for someone else, and visa versa.
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27 November 2024 | 7 replies
Take a look at the rents for both sides vs current mortgage payment (if any), new payment on the cash out or HELOC, taxes, insurance and HOA (if applicable).
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25 November 2024 | 11 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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25 November 2024 | 7 replies
Your credit score needs to stay relatively the same from application to closing.
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25 November 2024 | 5 replies
If changing your LLC name isn’t feasible, consider using a DBA for credit applications.
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25 November 2024 | 8 replies
Often you have to then chase them for application docs.
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5 December 2024 | 87 replies
To answer your first question, since we warranty the purchase price less payments received, our performance warranty is only applicable until an investor's investment principle is no longer at risk (which is typically for the first 4 to 7 years from when they purchased a re-performing note).