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15 September 2014 | 5 replies
You might be better off if you just interview property management companies, and see if they would give you a copy their lease, i am not saying to plagiarize it, however there might be specific items in that document that an attorney would not know just because that is not what he does on a daily basis.
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16 September 2014 | 7 replies
Abilty to Repay Rule says:The lender must determine your “ability to repay.”Before you get a mortgage loan, the lender generally has to determine you have the ability to repay the loan.The lender must collect and verify your financial information.When you apply for a mortgage loan, you have to give the lender certain financial information.The lender has to check the information using reliable documents, such as a W-2 or pay stub.
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4 October 2014 | 17 replies
Just hit me up, and I'll email it to you.Post the document in the BP "fileplace" and then put a link to that posted doc here.
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16 September 2014 | 22 replies
600 credit Documentable monthly income = 2.5 monthly rent.
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18 September 2014 | 36 replies
Many of you are familiar with my nightmare documented in the "Occupants from hell" thread.
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16 September 2014 | 9 replies
I have recipients which document all of this.Considering I have had 4 incidences in less than 12 months, it's safe to say that the previous owner had at least 12 similar incidences during the 3 years he owned it.Upon questioning the tenants who were living in the building at the time I bought it, I've been informed that there were multiple plumbing problems which were severe and ongoing including regular sewage back ups and raw sewage running from the building.
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18 September 2014 | 11 replies
Tomorrow will be to look at the documents section of BP.
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16 September 2014 | 1 reply
.$1,000 for attorney fees (I figure I need to have them look over all contracts and documents that I'm going to use).--$2,000 for marketing (I know it's lean but the idea is to invest money from my deals back into marketing).--$500 to pay some contractors to give me estimates on houses I want to put under contract.
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20 May 2015 | 16 replies
My written tenant acceptance criteria clearly states "documented income", so unreported and under-reported stuff does not count.
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18 September 2014 | 16 replies
If you use someone that is willing to help but has no idea what is required, no experience in how to administer a 1031 Exchange and/or what documents and language must be used/included, you will have a very difficult time during an audit.