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24 September 2024 | 4 replies
Security deposits require separate handling - they should be placed in an interest-bearing account.3.
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25 September 2024 | 10 replies
They are are not lenders they say they will close your loan and act as lenders they kept my deposit and sent me to other brokers They are fake with no credentials they are a scam
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27 September 2024 | 11 replies
Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.
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24 September 2024 | 17 replies
It has worked so far, but there are few things about it that we've had issues with (security deposits, rent receipts, etc.).
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24 September 2024 | 2 replies
Some arbitrage operators also try to get multi-year lease terms, security deposits waived, free rent up front, and the like.
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24 September 2024 | 4 replies
You should use a state-specific lease that is clear regarding the start and end dates, the monthly rent, the fees that will be charged (ex. pets) and those that may be charged (ex late fee), the amount of the security deposit, and a clear list of rules associated with the property (no smoking inside is a big one as are rules related to parking).
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23 September 2024 | 5 replies
After exhausting security deposit is sometimes less expensive to give them a stipend to leave.
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25 September 2024 | 37 replies
Lender 2 requires 6 months reserves. they want the borrower to document any large deposits and they want mortgage statements on any investment properties listed on the 1003.The point is different lenders do different things and it's important to not generalize as a broker, but interview the borrower, find their pain points and marry them with a lender that will minimize those pain points for a successful close.
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22 September 2024 | 11 replies
They’ll ask you for an endless number of quotes.
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24 September 2024 | 2 replies
So, what would be the difference of depositing rent payments monthly to the SDIRA (and taking my SEPP payment monthly or annually)?