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7 July 2022 | 11 replies
As far as the balloon payment, I have seen the requirement to sell or refinance at that 5 year mark as well as it automatically going to an adjustable rate years 6-10.
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7 July 2022 | 5 replies
And most are stating that the rents could be raised to increase cash flow.So my question is, being that they are all in a portfolio, would raising the rents automatically increase the overall value of the portfolio since the properties within are residential?
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7 July 2022 | 10 replies
In doing things that way you'll also discover your best cleaners are people looking for a little extra money (students, moms or dads looking to boost the household income or pay for a vacation).We use apps "Properly" and "TurnoverBnb"The app schedules cleanings automatically based on bookings.
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23 July 2022 | 2 replies
It all depends on the leads you have gathered and your initial conversations, but I would suggest making sure they are all in a CRM software (Customer Relationship Manager) and have some automatic texts and emails set up.
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11 July 2022 | 40 replies
Where I am today I know full well that I need to find a SF or small MF and start there; finding so few that would cash flow from the start is discouraging but makes perfect sense: if it were easy/automatic, literally everyone would do it.May end up needing to be a separate post, but in light of everything I'm finding, at least if I'm trying to stay very local to me, it looks like there are a lot of C/D type properties that I could buy, if they have the square footage, I could invest in adding a room, doing some minor rehab, then likely be able to rent it in such a way that it cash flows.
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13 July 2022 | 3 replies
., it really depends on what your personal implications were.If it shows up on your credit report, it is automatically a no-go but if the losses were all contained by the business, you might be able to.If that was your primary form of employment, it is almost definitely a no-go.You might have to go non-QM on this property, then refinance later into a conventional product for better rates.Hope this helps!
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7 August 2022 | 5 replies
I would guess if you didn’t share and the issue resulted in a lawsuit, not providing the lease would be an automatic strike against you and the judge would lean in favor of the tenant.
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22 September 2022 | 6 replies
I believe you can link it to a CRM if you are using one and configure it to automatically add people from your CRM to a list of people who will receive your emails.
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12 July 2022 | 8 replies
I am aware the 1st lien remains in affect and believe I have a handle on the challenges/steps for navigating that process.My question: Does any bid over the 2nd lien credit bid automatically apply/pay toward the 1st lien creditor?
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12 July 2022 | 0 replies
We like to take it a step further and setup a Gmail filter that automatically forwards all of our business expense receipts to Hubdoc for recurring transactions or commonly used vendors.