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11 November 2024 | 5 replies
Hello @Michael Dallas,To verify the seller’s information, ensure you request these essential documents:Rent Roll (to confirm rental income and occupancy)Lease Agreements (to review tenant terms)Financial Statements (past 1-2 years, including income and expenses)Property Tax StatementsUtility Bills (if applicable)Maintenance Records and recent CAPEX reportsInsurance Policy DetailsInspection Reports (any recent or previous reports)These will help you confirm the property’s income, expenses, and condition.
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11 November 2024 | 16 replies
3) Lastly what would happen if I applied for a construction loan application that pertained to Real Estate?
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10 November 2024 | 18 replies
The individual can verify that it is a licensed health care provider, but cannot easily determine if that health care provider is one of the many that advertise on the internet for ESA authorizations for a fee.I personally think the biggest advantage of using petscreening.com as well as enforce AB468 is it discourages bogus ESA applicants from applying.
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10 November 2024 | 6 replies
Legally speaking, if you have agreed to an installment sale, I'm not sure if the stepped-up basis is applicable.
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8 November 2024 | 3 replies
We’re one ofthe few property managers that require W-2’s and a bank statement and we go way beyond the traditional, “income must =3x rent” qualifier.Below is more information about what our Applications Department does to screen applicants and find the best tenantspossible for your property.Required InfoWe require the following from each applicant over the age of 18, that is not a dependent of anotherapplicant (as evidenced on a tax return):Copy of acceptable state picture IDRecent YTD paystubRecent W-2Recent Bank Statement, all pages, no info blacked outRecent tax return if self-employedApplicants are often slow about turning this information in, asking us why we need it and then takingseveral days to submit.
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14 November 2024 | 11 replies
DSCR loans also allow real estate investors to secure financing based on property cash flow rather than personal income, which simplifies the application process!
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12 November 2024 | 15 replies
I charge a $500 deposit or a $25/m pet feeBut I have a condition...I tell the applicant that I usually do not take pets, but I do make exceptions.
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30 October 2024 | 3 replies
I do have to disclose that I am on a student-based work visa at the moment called F1, I am unsure whether this will affect my ability to buy real estate so would love more guidance on that!
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1 November 2024 | 1 reply
I am on an H1B visa and new to rental properties.
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20 November 2024 | 45 replies
One of the things a competent mortgage broker could do is help potential buyers package their loan request/application in a manner that would have a higher likelihood to being accepted above, and beyond if the buyer tried to do it on their own.