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6 July 2018 | 6 replies
Did you ever serve a three day notice to the applicant?
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6 July 2018 | 3 replies
This type of attitude typically shows up during the application process and should be grounds for rejection.
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31 July 2018 | 7 replies
With very limited knowledge on the macroeconomics of such a question, I can't see any direct effect on real estate at the moment.
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7 July 2018 | 11 replies
The higher your score goes above that, typically the better your pricing and options will become.Income: Lenders will also consider your debt-to-income (DTI) ratio as a factor for approving your application.
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7 July 2018 | 5 replies
Start with back taxes, make sure you keep the student loan current, and all credit cards, i would then try and bring the credit card amount down ( you do need some dept on the card for a good credit score) banks like to see that the debt is only about 1/2 of what your limit is, so you want to try and get that down to about 1,500 a little less is better, but that's a goal to shoot for. do not try and get more cards or credit lines, try and keep a steady payment schedule on what you have and get the balances down.
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24 July 2018 | 5 replies
interesting I will take a stab at it.most would tell you to do the first option.but if you will sleep better do the second one.. and most likely they will just tell you keep making your payments as agreed. as long as you did not fib on your application in other words your employment changed without you knowing in advance.. if you knew in advance you were not going to be employed and they asked you that and you fibbed then that is mortgage fraud.. and the choice 3 would put the file to bed . although depending on who did the mortgage for you they wont like it they have to pay their rebates back and such with that early of payoff.
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5 July 2018 | 1 reply
I'm looking to connect with some folks to get insight on what the rules, limitations and yearly document filings are to the IRS.
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6 September 2018 | 2 replies
Limited Liability on you personally: If you were sued (a tenant is injured on your property) or had a legal case against you as a landlord, it would be against the corporation and not you personally so it can assist in protecting your personal assets in this type of situationThe title of the property will be in a corporate name but you, the investor, will be required as the owners of the corporation to also provide personal guarantees.
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6 July 2018 | 2 replies
Everything that I expected starting out, learning to screen, applications, blah, blah, blah..1st yr and a half had to do an eviction went smooth, got another tenant 2 months in left the state and just disappeared left all there stuff behind..
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9 July 2018 | 7 replies
This means that with a good tax professional and some tax planning you should be able to reduce your AGI to ensure you meet this allowable loss limitation.