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17 January 2025 | 9 replies
HUD 4000.1 (I believe) is the latest HUD handbook and it goes over all requirements for originating the loan, including but not limited to occupancy requirements and exemptions.FHA occupancy : "At least one Borrower must occupy the Property within 60 Days of signing the security instrument and intend to continue occupancy for at least one year."
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20 January 2025 | 32 replies
@Bryce Jamison So, explain to us how your logic applies to 200 year old homes in New England area that continue to appreciate?
13 January 2025 | 7 replies
If the market continues to appreciate, holding the property could yield more long-term equity gains.
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22 January 2025 | 56 replies
The fact I can go to my kid's golf game today, yet still catch a vendor overcharging me $81 the day before on a SFR in Georgia makes me feel the systems that are in place, plus the ability to manage sacrifices has paid off.I've had the same team in most of businesses for almost 8 years, and have a growing RE team that continue to impress me.
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15 January 2025 | 8 replies
She's not going to have any leg to stand on in court if you get that far unless there's some explicit language prohibiting the owner from assigning responsibilities to another legally authorized party, and I'm guessing there isn't if another PM company was maintaining the lease and provisions - and the fact that the tenant was voluntarily working with the other PM confirms the acceptance of an authorized agent even if it's not explicitly stated, the same way if you accept rent from a tenant after a lease expires you imply acceptance of the lease terms continuing (which is why you should always have a holdover provision).
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17 January 2025 | 23 replies
Let us know how we can continue the conversation!
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14 January 2025 | 9 replies
It is mid year and this tenants mom (co-signer) wrote the following note;I am writing to formally request the early termination of my child's lease at location in San Jose due to a medical illness that renders him unable to continue attending college.
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13 January 2025 | 2 replies
Insurance is definitely an issue there, and will continue to be.
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15 January 2025 | 24 replies
Eventually the masses will catch on and then the model is tougher to continue to do.
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16 January 2025 | 13 replies
In 2021 there were two competing ballot measures that the citizens of Denver voted on - one measure from open-space advocates that would continue to prevent WIP from developing this parcel, the second measure sponsored by the WIP themselves that would exempt the property from the current zoning restrictions.