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16 January 2013 | 20 replies
If the dwelling has no mailbox and has a keyless bolting device, alarm system, or dangerous animal that prevents the landlord from entering the premises to leave the notice to vacate on the inside of the main entry door, the landlord may securely affix the notice on the outside of the main entry door"
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4 January 2013 | 7 replies
Here in MA if it is determined that you have these devices on a tenants CB panel you may have to pay their entire electric bill from the day that they moved in.
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4 April 2014 | 28 replies
Thanks @John HauserI know for larger multi-family properties you can also add a device to the water pipe going to each unit (it's about the size of a pack of cards) which separately meters the water.
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1 February 2019 | 9 replies
Of note, a Freddie Mac small balance loan is economical at a small unit count and is non-recourse, but there are hard minimum liquidity and net worth requirements tied to the loan amount and debt service that will have to be met to qualify.
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12 December 2018 | 7 replies
@Samuel GlantzBanks have certain guidelines that they must follow before they will issue a loan.conventional mortgages = have to follow Fannie Mae/Freddie Mac guidelinesPortfolio loans = have to follow guidelines created by the issuing bank or guidelines created by people who will purchase the loans on the secondary market.With that said - you have a couple options about getting a loanAcquire an investment property as tenants in common with your father.
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11 February 2019 | 9 replies
My total monthly expenses on this property are $3047 ($1554/m P&I, $206/m HOA, $408/m taxes, $445/m home insurance, $60/m pool maintenance, $36/m pest control (backyard is adjacent to a preserve), $12.5/m AC maintenance).
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10 January 2019 | 7 replies
Eric - If you put this or similar multifamily property in escrow, an excellent financing option may be the Freddie Mac Small Balance Loan Program.
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2 June 2022 | 28 replies
@Scott Mac that’s a good idea, I’m going to do that tomorrow.
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16 June 2022 | 4 replies
You can look into a Freddie Mac renovation loan to cover acquisition cost and renovation cost, that way you finance the bulk of the deal and only come up with your down payment and closing costs out of pocket.
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22 June 2022 | 13 replies
Quote from @Scott Mac: Hi Troy,It looks like a money maker.The units look very desirable (I see storage space).I can envision the families that will make this their home.