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20 May 2021 | 0 replies
So everything is good to go to the closing table but what’s stopping us is they will not insure the 03’ payoff without confirmation.
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23 May 2021 | 22 replies
The two things you need to do is confirm that the COI you got from him is valid (call and confirm).
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29 May 2021 | 6 replies
There are so many items you need to check on a mobile home park in due diligence and we wrote a course around it.Here is a short list of the most "deal-killing" items:1) Test ad.2) Certificate of Zoning from the city or county.3) Phase I environmental report.4) Review of last 3 years of P&L (and tax returns if available).5) Forward forecasting budget.6) Rent roll and payment history.7) Review of the water, sewer and electric systems.8) Size of each lot.9) Confirmation of which homes are occupied and which are vacant.10) Rent comps on all competing mobile home parks.11) Study of the metro market.12) Survey and title.Mobile home parks are much more complicated than they look.
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21 May 2021 | 6 replies
My father and I have our own company where we design and build lasers for various applications, depending on what the customer asks.
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22 May 2021 | 7 replies
Talk to your lender and have them confirm that for you.
20 May 2021 | 4 replies
Biweekly is a program designed for people that do not know how to manage their finances by tricking them into making an extra mortgage payment every year.That $40K "savings" she is looking at is from an amortization table.
21 May 2021 | 2 replies
Spoke to tech on a Friday and he confirmed pipe busted and gave me an even more expensive verbal quote.
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27 May 2021 | 33 replies
I confirmed market rents were $1750 in this neighborhood and priced out everything else but didn’t confirm tax values.
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21 May 2021 | 1 reply
So you take the time to drive there, wait for at least 30 minutes—hoping that they’ll show—and then drive home with absolutely nothing to show for your time except deep frustration.Eventually I got smarter and called people earlier in the day to confirm.
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22 May 2021 | 6 replies
@Will Stahl The debt service coverage ratio (DSCR) loan product were designed for exactly your scenario. 1-4 unit properties are eligible, LLCs ownership, up to 80% LTV cash out (though I'm seeing most borrowers choose 75% LTV when they decide on rate), 30-yr fixed rate & term, rates in the 4s.