
14 April 2020 | 4 replies
Management companies should provide you with end of the year tax documents to report your rental income.4.

10 April 2020 | 2 replies
I live in NJ and don't have a Florida address but LLC formation documents require a physical Florida address as the Principal Business address.

14 December 2021 | 22 replies
The "seller" here is an agent of the secured party who provides no warranties, claims to know nothing about the subject property and refuses to complete and execute standard title company documents.

9 February 2021 | 1 reply
There should be a written document that clearly lays this out (or doesn't - in which case it's allowed).

13 April 2020 | 10 replies
Make sure you screen well, document everything, and stay organized.

15 April 2020 | 9 replies
In a few weeks the underwriter is going to want to know why the loan originator put down that you lived there, but the appraiser documented it as tenant occupied.

13 April 2020 | 15 replies
But more importantly for finding tenants and documenting the condition of your property before and after leasing it.

12 April 2020 | 4 replies
Under $5k is small claims territory but a review of your documents might reveal additional charges that you could include.

12 April 2020 | 11 replies
Unless you have a lot of experience in searching and examining title is tough to be sure you have identified all the documents that may affect title and being sure what effect they may have.

12 April 2020 | 8 replies
The value to the buyer can add up to a very sizeable amount of money; typically pays the up-front lender fee to lower the interest rate, which results in accumulating paid interest savings for the buyer as long as the buyer owns the property, or for the life of the loan; may add up to many tens of thousands of dollars; make sure you check the fine print of the lender's loan lock provisions; be sure your seller's money is truly paying down the loan rate as opposed to paying other lender charges to the buyer. 3.Seller-Funded Temporary BuydownsBuydowns can also be structured to adjust the buyer-paid interest rate for a limited number of years; can cover the first two, three or four years or more of the buyer's loan; allows your seller to reduce the buyer's ongoing loan cost (monthly payment) considerably.4.Owner FinancingA willing seller may be able to keep their selling price intact by offering financing to a buyer; for a seller who needs to sell as soon as possible for the best possible price; expands the potential market for buyers to those who might not qualify with a lender for any number of reasons relating to their credit, verifiable income, or other issues; seller creates an 'investment" that can produce an annuity with a very good rate of return for many years; seller needs to become very well educated on how to qualify a potential buyer (how to get credit, income, debt ratio, and other accurate personal historical data on the buyer-and how to verify that data); seller needs legal advice to review contract documents, as well as title and escrow services to conduct a title search and closing; buyers attracted to seller financing may have income sources including part- time work, bonus income, royalty income, dividend and interest income from investments, or they may be newly self employed; seller who finances needs to get a substantial down payment and ensure that the property is adequately insured by the buyer and that initial property taxes are pre-paid and a tax payment plan is established; if the buyer stops paying, the seller will have to proceed like a bank or other lender and foreclose on the buyer. 5.Contract for DeedA contract for deed agreement to purchase is similar to a seller-financed purchase.