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20 January 2015 | 24 replies
I'm getting a little tired of even bothering talking about this, and Bill Gulley has talked at length about it, if you are financing an option or if you're playing a rent credit toward the option fee or down payment, this is a financing arrangement, which the Safe Act and the Dodd Frank act is involved with.If it is investor to investor, Dodd Frank and Safe Act do not apply, So if I'm talking to a landlord wants to sell on terms to me as an investor, and I want to sell and rent to own with rent credits, the Dodd Frank and the safe act apply.Using a lease and a ROFR (right of first refusal) is not an option and does not come under Dodd Frank and the Safe ACT
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11 January 2015 | 8 replies
The redemption period (length of time) varies depending on the foreclosure laws in the homeowner’s state.
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10 June 2019 | 33 replies
If the property is vacant, it depends of the length of vacancy and the risk for the location.Safeco insured a vacant house of ours for one year and then wanted to cancel.
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1 July 2018 | 3 replies
The attorney will create a Deed of Trust and prepare a Promissory Note for the agreed upon down payment and terms of the loan (length and interest rate) and those documents will become a part of the purchase contract.Good luck.
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7 August 2018 | 22 replies
Your holding period should be length of rehab time (the shortest we have done is 9 weeks), length of time on market (what is the average time on market in that neighborhood?)
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11 October 2022 | 6 replies
You don't mention the length of the lease, if they are month to month then just issue a 28 day non renewal.
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1 October 2023 | 2 replies
If renting out rooms for varying lengths of time, but each is billed weekly, would this constitute a STR?
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30 September 2023 | 20 replies
So if I increase the length and width by a foot for an extra >50k over 5 units, I could fit a CA King which is 72 inches but I hear finding sheets is a pain.
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29 September 2023 | 19 replies
I shouldn't have really written balloon, as it is fixed for a specific length and then resets to current rates.
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8 November 2021 | 6 replies
This period is the hardest time to find new tenants, so we try to avoid it and minimize the length of your property’s vacancy.