Mark Andrews
Depreciation basis calc
5 November 2018 | 4 replies
The easiest way is if there’s an allocation on the settlement statement.
Sammy Lyon
Comparing Landlord Insurance quotes
13 December 2018 | 4 replies
Assuming the price is exactly the same between your quotes - If I was you I would be looking for the best possible coverage amount / settlement terms for the price paid.Also once you think you have a final choice selected - make sure the numbers you are looking at are the real numbers and not what I call shopping numbers that then go to underwriting for review after the policy is issued.
Austin Holshey
New here, could use some advice!
11 November 2018 | 8 replies
The most successful investors don't have time to go to settlements and they are done via express mail.
Reinhard Kurzen
How do housing vouchers count towards a monthly 3X income?
11 November 2018 | 10 replies
That income can be ANY legal and verifiable source of income, including wages, SSI/SSD, food stamps, settlements/child support etc.
Alex Alaniz
FHA cost on recent closing
14 November 2018 | 2 replies
Lenders prepaid's or escrow requirements...lender hedging their risk with a requirement for reserves would more than likely be the reason you would need additional cash down...hard to tell without looking at the settlement statement @Alex Alaniz
Nate J.
Hypothecation/Collateral Assignment of Note. Realistic Terms?
10 January 2019 | 7 replies
That wouldn't make me feel good to see the money go to the guy who owes you even more.Better for you to get a settlement or a judgment first, and then go to collect.
Peter Hynes
New Real Estate Investors - What Entity?
14 December 2018 | 13 replies
Essentially you are trying to remove their will to sue you, and any attorney who knows what they are looking at will realize this entity is going to take lots of time and money to even try and breach, not to mention actually getting a settlement or judgment out of.Beyond that you need to account for corporate management and having some solid bookkeeping to ensure the different "child" series don't commingle their funds.Can people do this themselves?
Chris Marston
Do I Understand BRRRR?
17 November 2018 | 24 replies
The workaround I have read about but not tried myself is to add a rehab amount to the settlement statement of the initial purchase.
Anna Buffkin
Tenant Didn't Pay- Wierd Senario
8 December 2018 | 24 replies
At the closing itself the seller and PM (acting as the seller's realtor) stated the one tenant didn't pay the rent, but the attorney stated (per my husband) that unless they want to move the closing they were currently in, they would need to agree to settlement statement.
Patricia Kovacs
What is the big deal about financing?
19 November 2018 | 3 replies
Those 4 transactions were simple and uneventful - I searched on bankrate for the lowest rate, applied and closed.What I don't understand is why I'm sensing so much trepidation from the various team members (brokers, settlement co, seller...) about which lender I'm going to use?