8 February 2022 | 8 replies
I know Johnston approved a new Amazon Facility over the summer, will add at least 1500 jobs.
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8 December 2021 | 4 replies
I’m approved for my next rental purchase (second investment prop).
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4 December 2021 | 4 replies
Towards paying your mortgage, paying down other debt or savings?
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10 December 2021 | 2 replies
Some counties have laws that prevent you from bringing in new homes without their approval after the sites have sat vacant...if they were never developed, I'm not sure if this will apply.
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6 December 2021 | 3 replies
We have targeted 2-4 units that need minimum repair (as long as the property can be approved by VA appraiser).
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3 December 2021 | 1 reply
Here's how it works, regardless if it's on market, off market or off Broadway.1 - When a Purchase AGreement has been signed off on by both parties, the PA will say how much of a DP you are putting up, and how much financing you need.2 - Lender agrees to provide (if approved) the funding needed, minus your DP.3 - Closing date is set, usually at the title company used by the lender.4 - You bring your DP to the closing, the lender provides the paperwork for the loan.5 - You sign, among other things, the mortgage agreement, and your DP check and the banks funds are delivered to the seller.6 - You get the property.
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3 December 2021 | 2 replies
If you are well-qualified (in terms of DTI) and don't need the rental income to get approved for the loan, you are probably okay to move forward.
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12 December 2021 | 6 replies
They agreed to pay 100% and that lasted until they were approved for money from the state for the prior underpayments.
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8 December 2021 | 7 replies
Our goal is to rent your vacant property as efficiently as possible, which requires us to balance how long a property is vacant, rent amount and tenant quality.Screening ApplicantsPoor screening often results in lost rents, legal & court costs and costly damages.Screening of applicants includes the following:Full credit/eviction/criminal checks are done, instead of score-driven reportsVerification of rental history includes validation of actual property owner to avoid fraudVerification of stability of income & employment via YTD paystubs & W-2(s) (analyzed to confirm not fakes)Income is calculated 3 ways to spot stability anomalies: pay period, YTD average and YTD + W-2 average.Debt-to-income analysis (more accurate than traditional 3x rent requirement)Bank statement to see if NSF issues, if deposits support income, prove MoveIn Funds, also analyzed for unusual transactions.Pet screeningHolding Fee required from approved applicants to make sure they are serious, before your property is marked pending.
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5 December 2021 | 16 replies
The bad news almost every repair is $175-$250 because the technician knows the job will be instantly approved by the PM.