16 May 2024 | 7 replies
If there is nothing in the lease (and telling them they can't break it, won't hold), then they gave you 60 days' notice which may be more than required by law try to get it rented and let them know they are responsible for rent until the end of the lease or if it gets rented before that.
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16 May 2024 | 11 replies
I personally have a number of HELOCs on my properties, and as a lender with access to dozen of investor's HELOCs I can say none of them restrict the use of the HELOC, or even require a cash out letter of explanation.Credit Unions write their own rules!
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15 May 2024 | 6 replies
The lender that I'm choosing to cash out with requires a 6-month seasoning period.
14 May 2024 | 3 replies
The monthly HOA covers: Association Management, Insurance, Maintenance Grounds, Sewer, Security, Taxes, Trash, and water.What next steps would you guys take to get a better idea about this deal?
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15 May 2024 | 9 replies
Can ideas how to make a foreclosure sale go through when there's no stove or hood (usually required for conventional loans) seller won't do any repairs or credits.
16 May 2024 | 9 replies
My guess is that they will require it if you are adding a 3rd unit.
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15 May 2024 | 11 replies
Some lenders may require a second appraisal, if the value is over 20% of the initial cost.
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16 May 2024 | 10 replies
According to the Fair Housing Act and the Americans with Disabilities Act:Even if a landlord has a no pet policy in place, the law does not consider service animals as pets and therefore the service animal is exempt from such a restriction.Service animals are allowed anywhere a person would go, including food areas that would normally restrict an animal’s presence.Landlords cannot charge a pet deposit or pet fee for service animals, however the tenant is liable for any damage that the service animal may cause.Landlords can require written verification from the tenant’s health care provider that they are disabled but cannot ask for any specifics about the disability.Landlords can require written verification from the tenant’s health care provider that the service animal is needed.Landlords can request copies of the animal’s health records to prove the animal is in good health, parasite-free and immunized/vaccinated.Landlords can write warnings or even evict a tenant with a service animal if the animal is disturbing others, posing a threat to others or causing considerable damage to the property.In other words, you can ask for appropriate paperwork concerning the tenant’s need for the service animal and to verify the animal’s health.
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15 May 2024 | 4 replies
@Martin Madelaire a MTM agreement or verbal agreement still has the same notice requirements.