Thomas C.
Interesting situation for a lease option
8 November 2013 | 6 replies
Summary ejectment procedures must now be handled in district court rather than magistrate court necessitating hiring an attorney to evict a lease option tenant for breach.
Darius Johnson
Landlord having issues with mortgage!! What's a Tenant to do?
21 February 2016 | 3 replies
If I were them I would keep an eye out to find another property to rent as the home might be sold at any moment necessitating a move.
Marcus Vanderbilt
Real estate license
13 April 2019 | 3 replies
It was already under contract and we would have had to do additional disclosures that would necessitate us amending or re-writing the contract.
Sarah Gwiazdowski
Seller financing Question
6 January 2023 | 4 replies
Not only are there no banks or traditional lenders involved, owner financing doesn’t necessitate an inspection or appraisal unless the buyer wants them.Once a buyer and seller agree to terms, monthly payments are made to the owner-seller according to an agreed-upon amortization schedule.
Jenna Estefan
First Duplex Purchase with only $3,000 out of Pocket!
7 August 2016 | 91 replies
Thanks, Dan Dietz USDA is an option but the problem with USDA is median income limits in order to qualify unlike FHA and VA which does not require your income to be under a specific amount.All loans that have low or no down payment has mortgage insurance that "may," necessitate a refinance at one point or another whether its included in the "rate," its financed within the loan like USDA and VA, or its both like USDA and FHA which has an upfront MIP (UFMIP) and a monthly MI as well.Even the conventional loan with 3-5% down payment with out monthly MI has a higher rate where the MI is built into the rate, called lender paid MI (LPMI).
Hengky Lim
Which neighborhood to invest in Las Vegas
28 January 2021 | 36 replies
Maintenance costs are especially low in Las Vegas due to the construction materials necessitated by being in the Mojave Desert.
Jimmy S.
Water Leak and tenant is complaining about mold and moved out
11 July 2018 | 26 replies
If you insist on staying or squeezing me for money, I will hand this over to my attorney to not only protect me from your unfounded charges but to seek reimbursement for the floor replacement necessitated by your negligence.Please notify me - in writing - of your intentions."
Account Closed
Contractor pricing - negotiating jobs
15 March 2018 | 0 replies
There typically needs to be some extenuating circumstance that necessitates the price change - like a change in the scope of work or an error on my part in estimating the job.In the past few days I have quoted on 8 different jobs.
Justin Wroblewski
Turning an FHA Loan into an investment property
3 May 2018 | 4 replies
Hi @Justin Wroblewski, the only exception to the one year primary residence occupancy requirement that others brought up is if something came up that you could not have reasonably anticipating, necessitating your move. - Mom living in California just got diagnosed with Stage 4 brain cancer, and you want to be there with her for her final months, will work. - You decided you wanted to increase cashflow because you want to be a real estate investor, will not work.- Anything in between, best to check with a lawyer.
David Ward
Are wholesalers unlicensed brokers?
14 November 2015 | 56 replies
I believe most states if you actually read the statute of what activities necessitate having a license most all of wholesaling would require a license in most state.. contract flipping what have you.Our state is on the war path against private lenders ... in Oregon you need an NMLS license or a broker to do your HML on any 1 to 4 unit regardless if its owner occ or not. there is no such thing as a commercial purpose unregulated loan like many states.So you have all the licensed HML turning in the bigger private guys who under cut their rates... they will watch at court house.. they will pull deeds of trust to see who the benies are then make complaints and the state will follow up and will issue cease and desists.