5 May 2024 | 3 replies
.- Co-mingling fundsHere is a common scenario: You will have two lenders who each have a small amount to loan.
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7 May 2024 | 5 replies
This can give you insight into what to expect and whether any issues might arise.Lease Terms: Review the current lease terms carefully.
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6 May 2024 | 1 reply
They are getting what they really want, and you are crafting the deal to where it will still make sense for you.One potential issue is if what is most important to them is also important to you.
6 May 2024 | 1 reply
You want to have the numbers looked at in advance to be proactive and avoid issues in underwriting or on the next purchase.
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6 May 2024 | 6 replies
Hi guys If a tenant signed a years lease for September and then there are issues with section 8 and they moved in a month later in October do you create an addendum that changes the entire lease term or just change the end date of the lease.
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5 May 2024 | 2 replies
San Diego city defines STR as less than 30 days (this is the most common definition).
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6 May 2024 | 6 replies
The issue with using comps on any type of software, especially propstream or dealmachine is that they tend to use an "estimated value" of the homes that they are using for comps, not actually comparing to what has sold recently in the area or what is currently listed, not accounting for DOM (day on market) or other market shifts that play into realistic valuation of a property.
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6 May 2024 | 4 replies
If they are not aware of the sale, there may be issues when they see the named insured has changed to you or the LLC.If the old owner still has title, you may need two policies.
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6 May 2024 | 1 reply
Obviously if you get seller financing that won't be an issue.
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5 May 2024 | 3 replies
This is however one of the main reasons self-employed persons report having issues with banks – NOT ENOUGH TAXABLE INCOME.