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30 March 2016 | 16 replies
If you deny an applicant or take any adverse action (i.e. charge higher security deposit, require co-signer, etc) based on information in their consumer credit file, then you should be sending them an adverse action letter which basically tells them what consumer reporting agency supplied the info you relied on, the contact info for that agency, and how they can get a free copy of their own credit report.
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11 February 2016 | 11 replies
Many investors will simply judge offers, be afraid to send in deposits or shy away from the contract writing process because they feel like the seller will not accept their offer.
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8 February 2016 | 6 replies
earlier today and Bryan Chavis is all about seeing bank deposits to ensure rent payments are whats on the lease and what the owner claims.
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5 February 2016 | 2 replies
If rent credits are no longer allowed, owners get to keep more of their equity in the home, since they cannot help lease tenants afford the house buy increasing their deposit ( or lowering the house price by the amount of the credit).
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5 February 2016 | 4 replies
One initial deposit of $1600 to open account & another deposit of $150.
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18 December 2016 | 14 replies
Funds get wired to escrow in two seperate transfers, first one to match the amount on the first HUD, example Net from buyer 122,431.22.
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5 February 2016 | 6 replies
Typical term is 'property appraises for full purchase price", so 99% of the time, conventional or commercial, getting the loan approved covers the DSCR (self-sufficency) and the assumed FMV of the property.The diff to me has always been, the DSCR implies cash-flow and deposits to my account every month - - cha-ching :)
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12 February 2016 | 32 replies
It just appraised at 140,000 and I just closed and deposited a check on a flip we were able to do with cash out from first house.
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7 February 2016 | 15 replies
How about we agree to end the lease at the end of the month and if you're out by then and haven't left any damage we'll give you back your security deposit and just terminate the lease at that point".
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13 February 2016 | 63 replies
I'm 19 and loved reading rich dad poor dad and yea I agree with you the strategies can be quite overwhelming I'd say best thing is to pick one or two mentors and take some of their techniques and mix and match to formulate something your confident in You can do it keep expanding your knowledge you'll get their in no time It doesn't have to take 30 to 40 years to become a millionaire you can do it with real estate quickly with the right moves .