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20 December 2011 | 4 replies
Certainly in a 1 or 2 bedroom unit, 1 bath should be considered enough.
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19 December 2011 | 3 replies
That would be double dipping.You want to line up a title company sooner rather than later, give them the preliminary contract and ask them to prepare the HUD-1 settlement statements.
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20 December 2011 | 6 replies
Well I could have gotten my own policy but then there is double the money and debt service involved which reduces margins.I was added as an additional insured because the insurance company employee said it would not cause any issues and then the insurance owner 4 weeks after closing gets all up in arms.The existing policy is much cheaper than the rates I found.The building is 30 years old and once it hits 30 other carriers told me unless it has new electrical,plumbing,roof,etc. they can't insurance it for the best rate anymore.Her in place policy was originally written 10 years ago when the building was only 20 years old.Kind of like an existing lender will do much more for you than a new lender where it has to meet their parameters.I asked about getting a policy for myself and adding her but the underlying mortgage would want her as primary so that wouldn't do anything.I am thinking I can make her part of the corp I have set up for that property with a non-controlling interest.The underlying lender could be told it was for estate planning and asset protection if any questions arose.The insurance company guy says that mortgage companies sometimes do periodic checks on title transfers to check for wrap deals but I think that is being a little paranoid.
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26 April 2013 | 2 replies
How would you be able to locate their criteria just by riding through some random area looking at homes without being able to see the homes from the inside to tell how many bedrooms and bathrooms it has or what year it was built.
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15 January 2018 | 26 replies
These are 4 two bedrooms ideally, but often a mix of 2's and 1's.
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27 January 2012 | 15 replies
I do not care if those that do not work are given a 1 bedroom apt, a tv, food stamps and a buss pass as long as it is revocable when convicted of a violent crime.2.
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25 January 2012 | 2 replies
I know when you're doing a double closing you need a title company, but is it necessary for a private cash deal?
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26 January 2012 | 16 replies
Considering I just finished doing my taxes and could see the profits on properties I had turnover in and the ones I didn't (almost double), there's definitely something to be said for keeping a long term renter happy.That being said, its really about fairness too.
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30 January 2012 | 9 replies
I usually put up mini blinds on new rehabs but this house is higher end than my usual.