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1 December 2024 | 2 replies
You can request a look-ahead schedule from your GC or as Chris stated, create your own to keep track of resources, delays, and other tasks.
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2 December 2024 | 7 replies
Unfortunately, she frequently turns it off to save on electricity, which exacerbates the issue.i have also sent her extra radiator heat so can just plug in , but she refuse to use because she has to pay high electric bill.She complained about the unit's insulation and requested that we install an additional baseboard heater( whats the use if she doesn't turn on the heat) .
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6 December 2024 | 34 replies
But they are usually very simple to request.
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14 December 2024 | 101 replies
So I immediately requested my cancelation the next day.
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30 November 2024 | 12 replies
Quote from @Kar Sun: My tenant's lease is coming to a close and I am relieved she will be moving soon.She has been paying on time but has been extremely unpleasant and rude.While the money does not smell my mental sanity is more important than money in this case.She sent me a registered letter stating that she feels "unsafe because we have not done the fixes the way she wanted it".She requests to have her witness for a walkthrough.In my state a walkthrough is required but I am not about to grant it to her to bring any witnesses as that is not in my contract.If she feels unsafe she does not have t be present.I also do not treat a final walkthrough with a tenant as a final sign off.This walkthrough does not include a detailed inspection of the plumbing and the appliances that will be done after she departs.This is simply for the visible cosmetic issues and should take less than 1 hr.
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29 November 2024 | 9 replies
Quote from @Jeff Chisum: If a DSCR originator (keep in mind you don’t need a mortgage license to originate) tells you the loan will not be reported on your personal credit but require you to be a personal guarantor your next request should be; “I want to see in writing it will not be reported on my personal credit”.
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30 November 2024 | 2 replies
Essentially, you have to spend your own money and complete work on the property prior to reimbursing yourself out of the escrowed rehab budget.The draw process typically takes 5-7 days from initial request, to scheduling an inspection, and finally for the lender to wire those funds to you after your work is confirmed by the inspector.
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10 December 2024 | 36 replies
The only time the appraisal will affect the rate is if the value came in lower and the LTV needed to increase to get the same loan amount requested, the rents on the 1007 came in lower, so DSCR was affected, or the appraiser indicated the location was rural which would result in a LTV reduction or interest rate increase.
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2 December 2024 | 14 replies
I’d love to connect and discuss the numbers further.I sent you a request.
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19 December 2024 | 82 replies
Same thing I still do BRRRR method Buy a SFR - 200k < and pay 15% down using a RENO construction loan Use the extra Funds to pay for first round of materials ( 30k or so )and Labor (20k ) and then request your "draws" to recoup your funds.