Darrell Kirby
Tenants Are not paying Rent
12 March 2024 | 20 replies
You wish you could just move them out but legally I can't.
Isaiah Thelwell
Seasoning periods for Refinance?
14 March 2024 | 18 replies
However, options exist that will finance 100% LTC, meaning purchase and material costs can be funded prior to meeting a season requirement.Hope this helps.
Sheena Drake
STR in Branson/Kimberling City Missouri
11 March 2024 | 21 replies
Just need to meet this requirements.Here is another bit of info - https://support.cohost.com/por...
Richard J.
Eviction Set Out Crew
12 March 2024 | 3 replies
Great for networking and proper legal support.
Jason Yang
Experience with FHA 203k / Fannie Mae Homestlye loans in San Francisco?
13 March 2024 | 9 replies
One advantage you'll have over people doing a regular FHA purchase loan (non 203k FHA rehab loan) is that when you go towards purchasing a 3-4 unit property and have to deal with " FHA Self Sufficiency," Rule you'll be able to use future market rents that are appraised on with after repair rents (way higher than your acquisition rents probably).This makes it easier to make your FHA loan qualify especially if you buy a good deal that has big rental income upside (your proforma future rents are way higher than your acquisition entry rents).FHA SS rule is required to qualify a FHA loan when its a 3-4 unit property, this doesnt apply to 1-2 unit FHA loans.Even on 203k FHA loans you'll need to meet FHA SS rules (3-4 unit applies to).
Nimit A.
Rehabbing a damaged property
13 March 2024 | 15 replies
I've been in REI a long time and have seen the good, the bad, and the ugly, but $60k of damage from one tenant indicates gross negligence on the part of the property manager.I'd suggest three things: 1) Study the contract you have with the PM company, and talk with your attorney ASAP to see whether a lawsuit is feasible/advisable, 2) Get at least three bids from other contractors on the repairs (and before you hire any contractors, study up thoroughly on how to properly vet and manage contractors--there's plenty of info about this on BP) 3) Don't do any more business with the PM company (or any contractors they refer), and keep them at arm's length while you discuss your legal options with your attorney.
Cameron Kline
Too good to be true
13 March 2024 | 8 replies
I had a meeting with an agent/investor I’ve known from my kids school and he had an interesting proposal but I wanted to see what others thought.
Heidi Duren
I have my first two houses possibly under contract. Now what?
13 March 2024 | 8 replies
=> I'm not a lawyer and this is not legal advice, I would not sign a contract that has a "no assignment clause" in it. 4) Once I have the contract do I just shoot an email to all the investors to let them know or one at a time to see if they're interested first?
Marko Bukva
Construction loan vs FHA 203k on a flip
13 March 2024 | 8 replies
It might help to meet with an architect to give you a base idea and preliminary plans for your GC to then take a look at.
Marco Samame
Best online rental payment options
13 March 2024 | 10 replies
Ability to post vacancies in the softwareI found that Innago was the only one to meet all these requirements.