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30 October 2024 | 4 replies
Met with a representative and before I wire this company a large portion of my net worth I would like to see if anyone else has experience working with them.Exchange Resources, Inc. 3570 Camino Del Rio NorthSuite 100San Diego, Ca. 92108Thanks Lee
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1 November 2024 | 19 replies
This depends on your agreement and whether you are hypothecating the note (meaning you own the note and are borrowing against it) or doing a partial where you are selling that portion of the note and issue a collateral assignment.When i did partials I did it as a hypothecation where I kept control of the note because those who typically buy a partial are not savvy note investors and if it went into default the first call they would make would be to you.I know some who let the buyer own it and they would be calling the servicer every week asking about payment or emailing the etc. then if it did not show up they would be calling them.How you structure it is up to you, just realize there are pros and cons for both
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5 November 2024 | 29 replies
., laundry facilities, pet fees).Fixed Expenses: Include mortgage payments, property taxes, insurance, and property management fees.Variable Expenses: Include repairs, maintenance, utilities, and any unexpected costs.Capital Expenditures: Set aside a portion for future big-ticket items (e.g., roof replacement, appliance upgrades) as a reserve.3.
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30 October 2024 | 28 replies
It also tracks who is in what house and all other resident info I might need, and is absolutely vital to our operation.Each of our houses has a live-in manager who, for free rent, ensures all residents are following a strict set of rules and guidelines that is enforced quantitatively with a points system to ensure objectivity and uniformity between managers and houses.
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30 October 2024 | 16 replies
HMU if you need anything as I live close to Warren as well.Thank you so much for your reply and vital information, I would love to connect with you being that you are local if it’s OK I can send you my contact information 347-631-4656.
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1 November 2024 | 18 replies
Going after the tenant for a portion of the claim in small claims court, just to get to a judgement faster and with less of my own spent going after bad, as the tenant does not appear to have assets.
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29 October 2024 | 3 replies
What you may want to consider is bringing in an equity partner to fund a portion of the deal and have you manage it and find a way to allocate the profits to each party.
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6 November 2024 | 54 replies
This is how the same area shows in 3 different flood map systems:This is for a suburb of San Antonio, not a coastal region.The first is the one used now by Zillow and Realtor, feeding from First Street - the house and whole neighborhood is not marked currently in a flood zone, but it's deemed a MAJOR risk with 30% chance of flooding in the next 30 years.The second one is from SARA, and has some portion of the neighborhood in flood plain.The third one is from FEMA and it shows some portions in 100y floodplain, and the whole neighborhood in a 500y floodplain.
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30 October 2024 | 22 replies
Most of my Section 8 tenants pay a portion of the rent so you still are chasing some of the rent .
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4 November 2024 | 34 replies
This only adds to the frustration, as it affects buyer confidence and raises doubts about the property’s condition and eligibility.I also didn’t realize that, in other countries, buyers are often required to put down a significant portion of the payment upfront before even getting under contract.