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3 November 2017 | 6 replies
You can automate rent and late fee charges every month and use it to track all the financials, including entering bills and printing checksThe mobile apps are convenient as well.
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3 November 2017 | 0 replies
Also, I'm interested in automation of processes.
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7 November 2017 | 4 replies
.% down of the purchase price and the rehab costsCan be used for primary residence with 1-4 units (could also be looked at as a disadvantage) When using 2-4 unit property, projected income from other units can be used to qualify 6 months' worth of mortgage payments can be rolled into the renovation budget if the house is deemed uninhabitable by the HUD consultantCredit scores can go down to 600s (lender dependent) DTI can go to as high as automated underwriting system allows (typically 56.9%)Allows you to buy a property in any conditionCan use it to fix minor repairs all the way up to basically a full tear-downFHA 203k Disadvantages: Interest rates tend to be about .25-.5 higher than regular FHA loan Additional costs include HUD consultant fee, inspections, title updates, and supplemental origination fee (Cost of doing business, but this is built this into your numbers, so it's no big deal)Must use a licensed General Contractor for a full 203k or up to 3 specialized contractors on the limited 203k Must hold onto the property for 1 year and live in it.
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14 November 2017 | 5 replies
All AVMs (Automated Valuation Models) are programs that rely on the data you see on paper; age, sf, location, etc.
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16 November 2017 | 7 replies
I love the convenience of getting automated MLS alerts from my agent when new properties are listed or prices change, etc., but I seem to have trouble communicating to my agent exactly what criteria I want sent to my inbox.
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15 November 2017 | 7 replies
A good bookkeeper/financial advisor can get you setup with automated processes to make sure you know exactly where you stand for each property and show where every dime is spent.
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17 November 2017 | 1 reply
To get Globiflow, in order to save you time and automate actions.
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10 December 2018 | 8 replies
Almost everything can be done now using automated systems.
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19 November 2017 | 13 replies
Recently, which no one has mentioned yet, and this has only been in the last 2-3 months Fannie Mae whom used to always require 2 years tax returns is now doing 1 year tax returns too depending on the findings we get when your file is ran through their automated UW system.
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21 November 2017 | 8 replies
You need to automate everything you do as a land lord to make your life easier and cozy does that.