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15 May 2024 | 12 replies
@Alyson Gordon we were originally looking at LTR for the decreased involvement and not needing to furnish a place (and some HOAs are LTR only), but I had not considered corporate housing before; from some brief research looks like this is likely a furnish-required.
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15 May 2024 | 9 replies
Not sure if you're going FHA or not but I know of a loan product called Home Simple with All Western Mortgage that allows you to make a cash offer to the seller and then refi out with a conventional loan, but my understanding is it requires 5% EMD.
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12 May 2024 | 9 replies
I use the following criteria: Applicants minimum requirements Policy:Applicant’s gross monthly income must equal approximately three times or more the monthly rent.Applicants must be employed and be able to furnish acceptable proof of the required income.Applicants must have a credit score at or above 600.Applicants must have good references concerning rental payment, housekeeping, and property maintenance from all previous Landlords.Applicants do not have a history containing evictions.Applicants do not have a history with felony convictions.
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15 May 2024 | 6 replies
You can also run your STR in your personal name or elect to start a company that operates the STR i.e. branding.If you do not qualify or for some other reason do not want or cannot qualify for conventional financing, you will likely have to go to some sort of DSCR or other business purpose loan route, and they will actually require you to put it into an LLC.
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15 May 2024 | 22 replies
For example if you have 2 prong outlet in a wall and you gut that wall they can require that outlet be brought up to current code AND they could require additional outlets in that wall as well.
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14 May 2024 | 17 replies
We knew we did not comply with the sight distance requirement of 400' in each direction for the location of the curb cut.
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15 May 2024 | 3 replies
Neither of the neighbors have a survey (not required in GA).
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14 May 2024 | 7 replies
With more availability in her schedule, **** can dedicate ample time and attention to ensuring a smooth transition for both incoming and outgoing tenants.In light of these considerations, we would like to present the following options for lease renewal:Option 1: Current lease term ending on July 31, 2024 with tenants required to vacate at the end of the Lease Term if a new Lease Agreement is not authorized.
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15 May 2024 | 11 replies
My relative is my main tenant.
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16 May 2024 | 74 replies
I'm yet to find anything that if a full BRRRR, everything i've bought requires a bit of cash left in the property.