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5 June 2018 | 4 replies
They agreeing to findings.2. complete repairs found by inspection and deduct from deposit3. clean carpet if they don't provide a receipt from a local, professional cleaner which is the condition they received it in. deduct from deposit if they didn't.4. if a pet was allowed, they must turn in a receipt showing it was treated for fleas. if If they dont it comes out of the deposit. if any damage from pet they're given an estimate of repair and sign an agreement that they will pay any excess not covered by deposit.5. touch up painting as needed, filters changed, fire alarm batteries updated.6. get keys from tenant and change locks. old locks go into inventory to be used in other properties.7. return their deposit with a letter documenting what expenses were paid out of it and a notice that they are welcome to return if they were a good tenant. they can use the statement for their future landlord as well. if they were not a good tenant, they go on a do not rent list for future reference with a copy of mive.iut inspection signed by them indicating damages and/or non-compliance behavior.
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21 June 2018 | 2 replies
But, as due diligence is completed, as insurance quotes are received, and interest rates are locked in, I start to plug those numbers into the model since those variables are no longer uncertain.
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11 October 2017 | 4 replies
@Darvin Ezell I too am working on a multi family deal in St Pete/Dundein Florida, and the listing agent said they I would only receive a 1% co-broke and that I would need to look to my buyer for the any other commissions.
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4 January 2019 | 9 replies
Any payments on the balance remaining from the original loan must be included in the debt-to-income ratio calculation for the refinance transaction.Note: Funds received as gifts and used to purchase the property may not be reimbursed with proceeds of the new mortgage loan.The new loan amount can be no more than the actual documented amount of the borrower's initial investment in purchasing the property plus the financing of closing costs, prepaid fees, and points on the new mortgage loan (subject to the maximum LTV, CLTV, and HCLTV ratios for the cash-out transaction based on the current appraised value).All other cash-out refinance eligibility requirements are met.
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3 January 2019 | 19 replies
Current situation: We just received a message from this tenant asking to break his lease at the end of February that way he could move into a place that uses longer than 6 month lease terms.
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3 January 2019 | 16 replies
You should receive a redemption form and you will have 10 days to respond to the form giving an accounting of your improvements.
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26 March 2019 | 24 replies
My wife and I are hosting on Airbnb and just received an initial message from a guest that instantly booked our place for April.
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5 January 2019 | 4 replies
@James Wright5-10 years is when most syndicated funds mature/liquidate.It is normally beneficial for both parties(sponsor + investors) for this time period.Investors are able to to formulate a timeline of when they will receive all their cash-flow.
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15 March 2019 | 38 replies
I have taken hard money out on this property.I have received 90% of my purchase price back.I am requesting 75% of the reno as a draw.
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6 January 2019 | 3 replies
You can get a MF (multifamily) on FHA with 3.5% Downpayment or FreddieMac HomePossible with 5% Downpayment San ling as your income is below your county median, and that includes your net rental you will receive from the other 2 units.