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1 October 2018 | 4 replies
You could consider posting a sign that says "Private Driveway - no access for 123 Main St".
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8 October 2018 | 18 replies
There is a lot of hard work involved in building up assets and cash wealth plus also great credit that can be used to position you to be able to make investments with OPM (other people's money) i,e. banks, and other lenders like private and hard money lenders.
3 October 2018 | 2 replies
Fannie Mae Homestyle requires the repairs be done within 12 months and will have less restrictions than the 203k but you need to remember that the lender is securing your loan against the asset (this being your home) and as the note holder they want the work done to secure there interest in the collateral.
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2 October 2018 | 4 replies
They do not get paid if the unit is vacant, only on collected rents.I believe he takes 50% of late fees and keeps the security deposits in escrow and pays for repairs after move out.
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2 December 2018 | 10 replies
Disadvantages are only a 10 year lock in our case, a slightly higher interest rate.On the deal I am working on right now we can get a rate of 5.125%, 20 percent down (that can come from our Private Money Investor) 25 year amortization with a 10 year lock on the rate and under 2K in closing costs. after year 10, the rate can go up only 1% a year and a max of 6%.Dan Dietz
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2 October 2018 | 3 replies
I do have a “safety” stockpile account where I store money for these purposes: taxes, returned security deposits, etc.I have a w-2 job and am having taxes taken out for that.
1 October 2018 | 1 reply
what is the penalty in PA for not depositing a security deposit into an escrow account or bond...over 1 year since lease started and security deposit paid
2 October 2018 | 4 replies
I plan using the agent to help me sell the property, which I hope will give them an incentive to help me.Find a contractor to give me an estimate on the repairs/rehab of the property.Once I've collected all of this, I plan on reaching out to private lenders and providing them with the information I found on the property which I HOPE will be reinforcement for them to invest their money in the property...
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4 October 2018 | 18 replies
If the lease is terminated, the tenant is entitled only to a pro rata refund of rent from the date the tenant moves out and to a refund of any security deposit otherwise required by law.
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2 October 2018 | 16 replies
Private Landlord got himself into a bind, hired me to clean it up.