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21 February 2024 | 5 replies
Yah, we are working on that but the main idea is how to remove the oil rights and split the parcel off and conceal the pump jack so there is no impact is mainly what I'm talking about. not setbacks, etc. it's more about investor and purchaser comfort with that being nearby.
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22 February 2024 | 2 replies
Between the market rate of the services I offer and at least several months of holding costs I can eliminate, I know that I can bake some legitimate value to a deal however I have no direct experience packaging that value way that could help secure financing.And that’s essentially where my research is currently focused!
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22 February 2024 | 6 replies
To me in the end, I am looking for the loan officer that provides the best service.
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22 February 2024 | 13 replies
The main ones are if you can prove you needed to upsize or down size, divorce where the court orders one of the spouses the property that has an FHA loan, and you were relocated by your job.
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21 February 2024 | 7 replies
And just to be clear, there are 2 main types of loans for investors: “Conventional” and “Portfolio”Conventional - I'll define these as loans that come from Fannie Mae and Freddie Mac (if you recognize those names).
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22 February 2024 | 3 replies
Then the judgment would need to attach to the property and then you can foreclose.Issues that could come up are I assume there is no third party servicer to claim the payments were or were not made- so there is a he said she said - if they also occupy the property and statements were not sent you cannot charge interest typically on the loan.You will need an attorney involved to see what if it is still collectible.
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22 February 2024 | 9 replies
The cost of the materials was $1,500, and including labor I’d estimate this cost me about $3,000.The property manager never ran this by me or gave me an indication these project would be completed.Our service agreement is clear that written consent is needed when costs exceed $1,000 and in this instance these were not repairs and requirements needed to rent the property.
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21 February 2024 | 7 replies
Account Closed I already ran a cost seg study when I put the property in service four years ago.
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22 February 2024 | 14 replies
As long as you have your down payment, closing costs, reserves, and anticipated rent covers the debt service you should have no problem.
21 February 2024 | 23 replies
I have a no animal policy (unless it's service animal which is required by law).