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19 November 2017 | 2 replies
Currently owner financed and possibly looking to flip that as well.Ps:Was thinking if I should I get my license to have access to the MLS listings or should I just find a good agent to work with?
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19 November 2017 | 13 replies
What's included in this package is connections to lenders and investors, mentors, some sort of boots on the ground in 4 weeks, a expo in Las Vegas and access to tools on their website.
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20 November 2017 | 12 replies
Basically, I had no choice but to get the loan from finance guy(who by the way can pre-approve me in 30 minutes if I finish on-line application process) that I never met due to last minute request from the seller.
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1 December 2017 | 4 replies
I see being an agent as a way of accessing the MLS as well as leaning the ins and out of what it takes to purchase and sell homes.
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21 November 2017 | 8 replies
Also is there anyone who uses bill paying software to allow their tenants to pay the rent online?
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22 January 2018 | 2 replies
I looked the house up online and the fire happened about 5 months ago.
2 December 2017 | 11 replies
Are all docs and invoices available online?
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21 November 2017 | 9 replies
In return perhaps I can be of some assistance with online marketing and video production.
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22 November 2017 | 12 replies
Current rents: you can glean this information through online sources as well as old-school searching (walk-ins, calling the buildings)Talk to local brokers to get the inside scoopMarket analysisCheck to see if building is in a flood plainYou can ask for, but these items are usually provided after signing a contract: Leases for lease auditing against bank statements, tax returns and leases (usually not provided before a contract has been signed).Tenant payment historyViolations, delinquenciesLease addendum and/or other agreementsTax ReturnsBank StatementsUtility billsCan RUBS be implemented (some municipalities may not allow it)Service contractsReserve fundsEnvironmental assessmentEmployee recordsStructural issues including foundationEmployee historyOther value-add features that can be added include:Trash valetCar portsStorageDog parksTo be honest, a similar level of due diligence is required across multifamily and manufactured housing (mobile home parks).Best of luck!
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22 November 2017 | 6 replies
.- Any expense on line 18 "depreciation" can be "added back" to income no questions asked (your new roof being depreciated over X years being a good example), meaning that it will have zero impact on your DTI.- Any expense on line 14 "repairs" can only be added back with a bunch of supporting documentation matching exactly & based on a human underwriter's judgement call on the "one time" nature of it (and how that underwriter's mood is on that given day) on a one-off basis.