Chase Rule
Low money down options
6 October 2024 | 8 replies
Here is some info on that as for"skin in the game".Gift funds are acceptable as 100% down payment for loans <75% LTV/CLTV Gift funds are acceptable for loans >=75% LTV/CLTV; however, the underlying Borrower(s) must contribute at least5% of the transaction (lower of Purchase Price or Appraised Value) from their own fundso Example: A $500,000 purchase price where the LTV/CLTV is going to be 75% or higher would require the borrower to have a $25,000 of their own funds provided ($500,000 x .05% = $25,000)
Lee L.
Stessa vs. Landlord Studio, vs Quickbooks.
7 October 2024 | 24 replies
And worse, this bank does not even accept Zelle.
Evan Staats
Investing in the Northern Virginia Market
7 October 2024 | 2 replies
We got an offer accepted 20k below list, appraised for 60k above under contract price, and now the values just keep climbing because the comps just keeping going up for sale for increasing prices.
James Khail
Best place to invest for a California resident?
7 October 2024 | 34 replies
I'm in a bit of a unique situation in that I'm a California resident and can only invest in properties all-cash for religious reasons.I'm not able to use leverage/loans, and I know and accept that investing all cash is not common, but thats the way I do it.
Nichole Kinard
Off market opportunity, strategies to make it work?
6 October 2024 | 2 replies
. - If I were to find some creative renter solution and low-ball the market rent at $1700, I could only put in about $180K total assuming a conventional mortgage to generate acceptable cash flow.So, apart from increasing rent and managing the property myself what are ways that I could make something like this work?
Tanya Maslach
Advice on deal in Denver
6 October 2024 | 5 replies
@Tanya MaslachWhy is the seller going to accept your offer for 100k under asking?
Mark Miles
Going pet friendly
8 October 2024 | 16 replies
If you have a fenced yard put this in your information - right up front.One more thing, we don't accept puppies.
Billie Young
STR Blue Ridge GA Occupancy
9 October 2024 | 39 replies
We are hopefully (fingers crossed) going to have an accepted offer on an off-market deal in Franklin, NC.
Lee Hampton
Houston's New Short-Term Rental Regulations Poised to Shake Up the STR Scene
4 October 2024 | 8 replies
.-- If you're the lessee (and not the deed holder / owner): COH will require written consent by the owner to the use of their property as a STR and to accept liability for taxes if the STR operator does not adequately remit Hotel Occupancy Taxes (HOT) as per local regulations. laws—a responsibility most owners will be reluctant to accept.-- Expect a grace period of two months once the new regulations are enacted into law.
Austin Lukes
Application Submission & Authorization to Release Information
5 October 2024 | 5 replies
These platforms ensure that you obtain legally binding electronic signatures for the release of information forms as part of the application process.In practice, while some landlords might accept pay stubs at face value, your approach to verifying employment directly is prudent, especially given the ease of falsifying documents with today's technology.