Victoria E.
Seeking advice on Seller finance terms
2 September 2024 | 8 replies
Some terms you may find helpful:Repayment Schedule: Clearly outline the payment schedule (monthly, quarterly, etc.).Balloon Payment: If applicable, specify the amount and due date of any balloon payment.Prepayment Penalty: State if there’s a penalty for paying off the loan early.Default Terms: Clearly define what constitutes a default and the consequences, such as foreclosure procedures.Insurance Requirements: Ensure the buyer maintains property insurance.Maintenance Responsibilities: Clarify that the buyer is responsible for property maintenance and repairs.I hope this helps you out, have a great day!
Colleen Barone
First time purchase- POS question
10 September 2024 | 34 replies
The TITL CO , also should have known, they need the " letter" from EACH city indicating the POS was closed,
Ron Williams
A Fresh Look at the Housing Market | Hilton Head Island, SC
3 September 2024 | 3 replies
And with Months Supply of Inventory ballooning by 54.5 percent to 3.4 months, buyers might finally catch a break to make their move.What’s Fueling the Fire?
Agustin Rossi
What to do if a motivated seller asks for proof of funds?
3 September 2024 | 32 replies
Send a pof letter
Toby Hale
Advice on theft of property
4 September 2024 | 2 replies
You also have to send them the letter explaining deductions so estimate TV value.
Claudia Stewart
Dead lawn due to lack of watering on vacant property considered PM negligence?
6 September 2024 | 19 replies
@Claudia StewartIf it was in the agreement or discussed I would get them to take care of it then send them termination letter due to leaving property unlocked etcHopefully you have a tenant in there now
Sani Shu
Anybody familiar with Keystone Funding Network?
6 September 2024 | 79 replies
everybody get a pen and paper I got the information on Keystone funding Network it's a division of funding for flipping which is an internet program where they try to get you involved in getting their program using their computer software and all that kind of stuff Josh Allen will contact you after you get a 15 day free trial let me back up you can sign up and get a 15 day free trial everyday they will send you one or two or three or four emails and they all involve a video of some type just about as it tutorial supposedly I think really it's a smoke screen because you go into the website so far everything I pulled up is in the MLS just about and I tried to get to the funding sources they said they have hundreds of them and I signed up as a member for the 345 or $395 a month cuz I'm going to cancel in about 3 or 4 days anyway to see if they actually have lenders out there so far I can't get to it and I've met all their guidelines so what they do is Jerry Norton Jerry Norton it's called jln Group LLC 5406 West 11000 North Suite 444 Highland Utah 84003 I got several emails asking how I like the program so far I haven't been able to get into the program so far 90% of the time and as far as sources for funding they say they have sources for funding and it's free as I want me to respond to one of their emails where they will do a telephone interview so that I can be allowed access to hundreds of thousands of dollars and private investor money and what they do is an invedtor walk you through what you need to do like a mentor so to speak. after you find the deal you submit the deal and then what they do is they will give you a proof of funds letter so the person will take you legitimately I've never had to do that I just Pony up about $3,000 cash and put it in escrow so they know you're serious proof of funds letter doesn't mean squat most of the time especially from a private investor if it comes from a bank that's a different story so what they do is they want to walk you through the process supposedly they put a group of investors together and they fund 100% of your deal they will hook you up with the contractors who were going to do whatever improvements are and after everything is said and done basically you get a percentage of the net profit and they get the balamay get about 60% of the net profit.
Vinessa Eisele
DSCR Loan with 25% seller financing
2 September 2024 | 10 replies
If there are large deposits the underwriter will ask for a signed letter of explanation from the borrower along with supporting documents.
Collin Hays
"Is 'NO WI-FI AT THE CABIN' the right password?
2 September 2024 | 5 replies
@Collin H.Someone once asked me where to mail a check, when I gave them my address they were asking which letters are and are not capitalized for the envelope…
Caroline Notman
Fix or quit vs Put up with them for 5 more months
4 September 2024 | 11 replies
I would hit them immediately with a lease violation letter as prescribed by your lease and give them 10 days to remove the dogs or start paying pet rent and put down a deposit.