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2 April 2020 | 2 replies
Any change in lease terms requested by a tenant because of COVID-19 needs to be documented via a lease modification signed by Landlord and Tenant or else you risk ending up in a he said/she said situation if it ever goes to court..
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4 April 2020 | 5 replies
Hi Mike, we intend to provide a 3 month forbearance agreement if a borrower needs assistance AFTER they complete a forbearance questionnaire for them to state their hardship and provide proof of loss of income such as a termination letter or documentation from the unemployment office.
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18 August 2021 | 4 replies
I got the majority of my documents from Brandon Turner's How to Manage Rental Properties book but thought it would be a good idea to make sure I am crossing my T's and dotting my I's (don't want to miss any caveats that are specific to Missouri Laws).
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3 April 2020 | 3 replies
@Chris Newsome There are 2 documents you need for wholesaling.
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3 April 2020 | 4 replies
Hi,My home closing is on April 29th and builder finished drywall and they are working on finishing rest of the things.My lender is asking all the documents(paystub, bank statements, w2) again as the older documents are no longer valid as I signed the contract few months back.I paid $7500 earnest money to Lennar homesNow I would like to delay my closing for some time due to job uncertainty, I would like to ask them to delay for a month?
5 April 2020 | 5 replies
Since the Treasury Secretary said they looked at the fraud components of this program, I'm assuming there will be some sort of political litmus test as a part of this process.In regards to people overinflating numbers, this is a loan document and if they are lying, they are committing bank fraud, which I'm sure the criminals will be doing.
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2 April 2020 | 0 replies
While this surprisingly represents a pay back or ROI equal to 24 to 28 times the cost of the PCA in which event I can assure you this certainly isn't the norm for every PCA we provide, it does illustrate how a PCA designed to best serve a client's needs, conducted according to document ASTM E2018-15 Standard Guide for PCAs can often pay for itself and a whole lot more.
4 April 2020 | 8 replies
How could you possible answer that question without knowing all their debts and documenting all their income?
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3 April 2020 | 4 replies
(Ensure the prorated rents, security deposits, other refundable, last months rents are included in closing documents).the additional LLC isn’t needed to manage cash flow unless you plan on becoming a property manager for third party people and that would be separate from the apartments LLC.An LLC doesn’t get extra tax benefits due to structuring.
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4 April 2020 | 9 replies
No study also indicates that BODs aren't following best practices, are potentially violating the law (depending on the state), and possibly ignoring their governing documents (many condos require themselves to have regular studies).