Saman Pari
Fast close hard-money lender w in house appraisal?
5 November 2022 | 9 replies
Typically 2-3 business days.
Paul Sedillo
Perpetually Late with Rent
23 December 2012 | 19 replies
Here you have to wait business days after that to start an eviction.
Matthew Holtry
What is the Happy Path for a Private Money lending Transaction?
16 February 2019 | 26 replies
We have done this from the borrower side of things, perhaps smaller amounts dealing with, but the path we used in PA was lender deposits funds to our bank account in advance to ensure funds cleared on the account, typically 7-10 business days on the bank side for deposit to clear in excess of 5k.
Matt Roberts
Refinancing a duplex during pandemic
11 May 2020 | 5 replies
Cash out refinance availability (specifically for investment 2-4 unit) shrunk significantly just in the last couple business days.
David Vitarelli
Credit/Debit or ACH rent payment platforms?
19 July 2018 | 6 replies
There's about a 5 business day delay between the tenant making the payment and it posts to my bank account, but I don't need to money immediately anyway and it's free.I've also used Quickbooks invoicing but they have a select list of banks they can draw from and if the tenant doesn't use one of those banks, it's back to check payments.Pros: Both Cozy and Quickbooks can also be used to manage expensesCons: one of my old tenants refuses to give online companies 'electronic access to her checking account' so she just sends me a check still and I use mobile deposits with my bank.
Robert Freeborn
Quick loan processing
24 August 2017 | 1 reply
I'm a GA only lender, and we can close deals with only minor issues in 2 weeks, or less (closed a loan last week in 8 business days).
Karin Crompton
Can bank require list of rehab items plus receipts?
30 May 2014 | 58 replies
@Karin DiMauro Today is the last business day of the month.
Salvador G.
Hubzu has ruined my day!
24 April 2015 | 4 replies
I know no sale is final until seller signs, but we were the highest bidders and met the reserve price. 9 business days had passed and they called me after numerouse requests for an update.
Bienes Raices
Reusing last years tax forms
27 February 2012 | 9 replies
Although Jon is correct, that you can order forms from the IRS, there is one thing that I noticed that could be problematic for you if you order the forms this way.It is now February 20 - and 1099-MISC was supposed to be postmarked by end of January (or first business day in February in certain years).
Chuck Brickman
Earnest Money
28 October 2014 | 18 replies
Chuck,WHen submitting multiple bids, even 100 in one month, you are not actually putting up the $1000 or whatever your offered earnest money deposit (EMD) is, you are sending an executed contract with a copy of a check for the EMD amount and the contract should stipulate that the EMD will be provided within 3 business days of accepted contract.Therefore, you can make 1000 offers and offer $5,000 of earnest money, but until you get an accepted offer, you don't need the $5,000,000 in cash necessary to make that many offers.