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9 March 2020 | 14 replies
I’m probably going to have to expand my geographic scope as properties in Nashville proper become quite pricey.
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8 March 2020 | 1 reply
I feel like I'm taking crazy pillsAnyone else run into this.Thanks guys & galsSide notes:Old lease was 575/ MonthNew lease Offered at 600/month.600/ month lease offer was retracted out of possible utility issues (duplex utilities not split)whole house lease was offered for 1200/month with option to sublet upstairs apt.Looks like you've given him proper notice.
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8 March 2020 | 1 reply
I have enough for a 3.5% DPProblem 1: I have a job but no W2 income BUT am currently switching into a W2 at the end of the monthProblem 2: Dont have the 10-20 percent DP for the property for a conventional DPProblem 3: Holding costs for Hard Money for a few months until Bank accepts my new “W2 Job” for proper mortgage financing(I am aware there will be some time for proof of consistent funds from new W2 job to getting the FHA mortgage)*And yes I know about PMI with FHAIs this a strategy that sounds reasonable or am I making a bad decision?
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9 March 2020 | 7 replies
It can also be a safety issue for yourself.From your post you appeared more concerned about getting the new tenant in paying right away then taking some time to assess the condition from the last tenant to get make ready and wait to screen for the best possible tenant after the unit has been properly serviced.Sounds like they liked the idea of the credit and then moved in and saw much more items wrong with the property.
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9 March 2020 | 2 replies
I have enough for a 3.5% DPProblem 1: I have a job but no W2 income BUT am currently switching into a W2 at the end of the monthProblem 2: Dont have the 10-20 percent DP for the property for a conventional DPProblem 3: Holding costs for Hard Money for a few months until Bank accepts my new “W2 Job” for proper mortgage financing(I am aware there will be some time for proof of consistent funds from new W2 job to getting the FHA mortgage)*And yes I know about PMI with FHAIs this a strategy that sounds reasonable or am I making a bad decision?
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16 March 2020 | 3 replies
Screen them properly and you will not have any issues.
9 March 2020 | 1 reply
I would give them every opportunity to collect them, but once proper notice has been provided and you need to move forward, I would clear it with an attorney in your area, but it seems like it would be considered yours at this point.
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9 March 2020 | 2 replies
A properly installed well should last 30+ years.
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9 March 2020 | 2 replies
In the state of North Carolina can a tenant sue landlord for not notifying tenant with proper documentation w/valid reasoning for withholding deposit in a certain period of time?
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9 March 2020 | 3 replies
LLCs employing domestic staff will need proper coverage for employment liability exposures.