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Results (10,000+)
Jonathan Chan Things to look for when vetting your potential borrower
26 November 2024 | 2 replies
.🔴 Incomplete or disorganized documentation: Missing detailed plans, financial statements, or timelines could mean the borrower isn’t ready to execute the project successfully.🔴 Over-leveraged finances: Borrowers with excessive debt or insufficient personal capital invested in the deal could pose a greater risk of default.🔴 Questionable property comps: Overstated market values or inappropriate comparables may mean they’re inflating expectations.As always, thorough due diligence is your best protection.
Anna Thanopoulou Material participation - proof to collect
26 November 2024 | 3 replies
Document the time you spent on the property compared to others, especially if you’re trying to qualify under the “100 hours and more than anyone else” test.
Hamed Rahimi What are the best property management software/tools you use?
25 November 2024 | 12 replies
If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.
Mike Most Applications with Eviction on record
26 November 2024 | 7 replies
This can be a city or neighborhood.We manage a lot of Class C properties in the City of Detroit, so previous evictions are common.We typically do NOT allow within the last 3 years and we want to see stable employment, income and no other major credit issues since.For Class B rental we're looking for no evictions in last 5 years.Class A, would be at least 7 years.Of course, there are exceptions to all of the above for extenuating circumstances the applicant is willing to provide acceptable documentation for.
Bryan Price Hard Money Loan Past Due (any red flags?!!!)
23 November 2024 | 7 replies
Use an attorney to create documents for you2.
Tessa Tsui ESG and Service Pets
23 November 2024 | 5 replies
Print them off, study them, highlight them, make notes, read some blog posts, and understand the subject.The second document he links includes precise definitions and a guide for landlords to use for screening support animals.
Joe Mills Pitbull Service Animal
23 November 2024 | 15 replies
You still have the right to require documentation proving the animal is legit. https://www.hud.gov/sites/dfil... 
Vishal Chandan Does the credit need to be unfrozen till closing?
25 November 2024 | 7 replies
If your credit is pulled for any reason, you will have to complete a letter of explanation and possibly provide more documents to show that no new debt was incurred.
Michael McLoughlin PPR Note Fund
5 December 2024 | 87 replies
They don't publicly produce any documents showing what a fund holds or any information about the fund. 
Julio Gonzalez Smart Strategies for Selling Your Investment Property
25 November 2024 | 0 replies
Increase Your Cost Basis: Document and include the costs of significant improvements made to the property in your cost basis.