
17 January 2014 | 4 replies
* Make sure to write the loan number on every page you forward to the bank.

4 March 2014 | 21 replies
Even though I'm a novice at REI, I actually know a bit about this particular topic thanks to my mom who is a buy and hold investor.For each of the residential properties that she owns, she writes up her own lease and lists each and every detail regarding rent, pet policies, furnishing policies, decorating and appliances, etc.

9 February 2017 | 8 replies
I used MAS 90 accounting software in the mortgage business, it's updated now, but you probably don't want to buy that to figure an occasional loan payment.

17 January 2014 | 3 replies
Difference between discharged and dismissed.Dismissed is when through the repayment plan of a chapter 13 for example payments are missed or there is another reason the case is filed to be dissolved voluntary or involuntary.Generally the banks that own the note will not talk to the property owner during a BK unless they direct and authorize in writing that it is okay because the bank can get fined for violating the stay and pursuing a collection activity.You can have a BK still in place but the lender on the property or the filer might allow a relief of stay for just the house etc.
22 January 2014 | 51 replies
If you can't write a contract, get help!

26 May 2014 | 10 replies
Gathering the letter likely increases friction for capital moving to your deal and reduces the audience for investments because they're unwilling to surrender data to promoters or their advisers are unwilling to write the letter for liability reasons.

17 January 2014 | 3 replies
After a brief back and forth between the seller's and HOA's lawyers, we got a letter stating that we the seller can sell the unit as a rental unit.The exact language states that "the board approves the request of the homeowners to sell the above referenced unit to be used as a rental unit".Now I am not a lawyer, but to me that is clear as mud.Should I expect the HOA to write a letter addressed to us stating that we can rent the unit and when we sell, our buyer can also rent the unit?

18 January 2014 | 5 replies
At close, partner C's name would be included on the title.To move the property into sole ownership of partner A, once rehab was complete the partners could refinance the property under partner C's name, while A & B could write a quit claim giving A ownership.This is a new one to me and while my experience in the past has primarily been in rehabbing; I am finding more and more everyday about RE investing.

3 April 2014 | 4 replies
Can anyone recommend software or system to automate putting in offers on properties?

31 May 2013 | 12 replies
Would it be best to just contact an administrator on the website to see what the requirements are, write down the classes, and simply complete them, and go from there?