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6 March 2017 | 6 replies
If that's not possible I will try and verify through tax records and applicant's prior lease.
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8 November 2016 | 2 replies
. :)Edited:Well, I was right, and, IMO that guy exaggerates the impact, real estate is excluded in part, and it was applicable to gift transfers.
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9 November 2016 | 1 reply
Can anyone recommend a few software applications that I can use to manage my investment properties?
16 November 2016 | 30 replies
You will have to answer on the loan application "Is any portion of the down payment borrowed?"
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16 November 2016 | 5 replies
I read somewhere on here about going back to the applicant and saying that there was an issue with the landlord review and that they should get in touch with the landlord and work things out until a positive review can be written.
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1 December 2016 | 11 replies
@Steve Theobald That is true Magna would be "c" however I've done a lot of work in Magna and I feel much more comfortable there by myself than I do in Rose Park so maybe I'd call that a "C-""A" to me is an area that the homes rents quickly, I get multiple qualified applicants and most of the homes are owner occupied.
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23 September 2016 | 9 replies
Do you have applications that they have filled out?
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12 September 2016 | 3 replies
(underwriter will probably want to see six months of bank statement records showing receipt of rents)- B) Builders Employee Purchase - the 85% LTV restriction is removed or may be exceeded if an employee of a builder, who is not a family emmber, purchases one of the builders new houses or models as a principal residence- C)corporate transfer - when companies buy a house and sell it to any employee who has been renting from the employer's property - D) (applicable to you) Tenant Purchase - 85% LTV restriction may be exceeded if the current tenant purchases the property where the tenant has rented the property for atleast six months immediately predating the sales contract.
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16 October 2018 | 3 replies
There are some occasions where I'll provide them a copy to facilitate a loan application or something but I make sure all personal information is redacted.
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28 September 2016 | 43 replies
I should also point out that there is a $50 application fee for a credit/background check, and that does more to screen the "not serious" tenant more than anything else.