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17 June 2024 | 13 replies
You can find that document recorded at the county where the property is located, or you can search public notices (here's a link for Utah):https://www.utahlegals.com/(S(qz3suyqbucrgtawc2hx2bhv4))/def...Search 'foreclosures' in the dropdown menu.The Notice of Trustee's Sale will contain the "trustee" name, that is who represents the lender in the proceedings and you can contact to verify the case is still active.
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17 June 2024 | 16 replies
No, that lender definitely gave you bad information.It is absolutely NOT necessary to leave a balance on your credit cards, if you are going to carry a balance make sure it stays at less than 30% of the limit.What builds your credit score is the monthly reporting of "Paid As Agreed" if you owe 0 and you pay 0 then you are paid as agreed.
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17 June 2024 | 11 replies
This rich area lets them buy buildings with many homes without paying upfront and at good loan rates while also using their VA loan perks.Good luck!
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16 June 2024 | 3 replies
I've heard that Howard county allows building and renting out ADUs, but the permitting and becoming a landlord process can be a pain.Looks like Anne Arundel allows building ADUs and renting out short-term (but not long-term?)
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15 June 2024 | 5 replies
I am curious if other investors create a business plan or provide other documentation to loan officers?
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13 June 2024 | 9 replies
Would I be able to leverage equity in that towards a build?
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17 June 2024 | 26 replies
I want to start building relationships with the agents and visit some of them to pick their brains, figuratively, of course.
13 June 2024 | 2 replies
It's a medical office building located in Prosper, TX and here's a breakdown of the key details:Property Details:Sale Type: Investment or Owner UserProperty Type: OfficeProperty Subtype: MedicalBuilding Size: 9,657 SFBuilding Class: BYear Built: 2023Percent Leased: 100% (Currently Fully Occupied)Tenancy: Multiple TenantsBuilding Height: 1 StoryLand Acres: 1.00 ACZoning: CommercialFinancials:Purchase Price: $676,000 + $81,000 Tenant Improvement (TI)Down Payment: 20%Commission: $22,000 (agent commission)Monthly Rent: $5,400 + NNN (exact expenses not specified)Vacancy (First 6 Months): Estimated expense of $27,600 (assuming rent starts after 6 months)Mortgage Payment Options:25 year term - $4,000/month15 year term - $4,600/monthLooking for Your Expertise:Does this fully leased medical office building present a good potential investment opportunity?
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14 June 2024 | 2 replies
Please provide the necessary documentation no later than [DATE/TIME] or confirm your intent to terminate the current lease and vacate no later than [DATE/TIME]"That's a very simple example, but gives you an idea.I also recommend you make tenants responsible for improvements, that they be at tenant cost, and that installation and/or removal be done professionally with receipts as proof.
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15 June 2024 | 6 replies
"couldn't confront the tenant directly because he manages it remotely from Oregon"....... what a horrible cop outThe city could document the HUNDRED of night the unit was booked as a STR....and the LL made ZERO effort after the first issue to monitor to see if hit the STR market again?