
12 August 2015 | 27 replies
The loan requirements include the borrower setting a performance bond, agreeing that the project funded shall not benefit any other business venture, that the primary lender advance 70% of any future funds required at that lender's approval, that the borrower is not to further encumber the property, that interest be paid annually the first 3 years, then payments roll over under an end loan with a prepayment penalty 5% to year 5, then each year the penalty is reduced by 1% annually until it doesn't apply.

11 August 2015 | 1 reply
Also, in my state, if no will or family, the person died intestate and his belongings would go to the state.I can't stress enough how important emergency contacts are.

16 August 2015 | 13 replies
@Matthew Maggy you want to reduce your exposure to loss and your unknowns. $2K for gutters is the way to do this.

11 August 2015 | 8 replies
Wondering this because... there's a property that shows a List Date of 7/21/2015 , and the property has already been reduced in price on today's date of 8-11-2015 ..... which is less than a 30 day period, but yet the property has already had a price drop 5.

13 August 2015 | 10 replies
Stress Testing 10.

21 August 2015 | 11 replies
Check posts about seller financing and tired landlords.Throwing in a lump sum on existing loans doesn't effect cash flow immediately it shortens the time to the payoff and reduces interest expenses, that are deducted from income.

11 August 2015 | 2 replies
They are still separate transactions but they can be done with the same paperwork saving you a little time and stress.

27 August 2015 | 23 replies
You get the better interest rate, get to know neighbors and neighborhood, and renting it out is less stressful.

26 January 2016 | 47 replies
Don't know if there's a crawlspace but you could look into a conditioned crawl space or vapor barrier as well - we have a lot of crawls here and a good vapor barrier has helped to dry out a lot of the subfloor and reduce humidity throughout the whole house.

17 December 2019 | 3 replies
My day job skills will make it much easier to manage properties and reduce costs greatly.