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21 October 2021 | 4 replies
Having rental history via a schedule E in your tax returns would help, but an executed lease agreement and proof of security deposit and/or rental income received should suffice.
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25 October 2021 | 84 replies
Try to find someone who is willing to match my ambition as an equity or investment partner to fund the properties we can add to our portfolio!
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22 October 2021 | 4 replies
Price should almost always match condition and location when it sells.
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22 October 2021 | 5 replies
Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.
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28 October 2021 | 6 replies
Do you require an application or due diligence deposit?
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22 October 2021 | 2 replies
I was all set to do a cash purchase and the owner of as having his lawyer write up a contract for the deposit.
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28 October 2021 | 19 replies
He has signed the lease and has initiated ACH payment for first month rent and security deposit.
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23 October 2021 | 14 replies
Rehab should force appreciation, but sometimes your opinion on value doesn't match the appraisers opinion.
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16 November 2021 | 3 replies
Blue Spot Home Loans - They said they'd consider, “future rental income” if you secure a lease agreement AND security deposit for rental of your existing condo prior to final loan approval for the condo you will be purchasing.
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23 October 2021 | 6 replies
Here's what we do (copied from our website):Screening ApplicantsPoor screening often results in lost rents, legal & court costs and costly damages.Screening of applicants includes the following:Full credit/eviction/criminal checks are done, instead of score-driven reportsVerification of rental history includes validation of actual property owner to avoid fraudVerification of stability of income & employment via YTD paystubs & W-2(s) (analyzed to confirm not fakes)Income is calculated 3 ways to spot stability anomalies: pay period, YTD average and YTD + W-2 average.Debt-to-income analysis (more accurate than traditional 3x rent requirement)Bank statement to see if NSF issues, if deposits support income, prove MoveIn Funds, also analyzed for unusual transactions.Pet screeningHolding Fee required from approved applicants to make sure they are serious, before your property is marked pending.