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9 September 2018 | 0 replies
I am a private lender financing business purpose loans for investment properties in california.I like to service my own loans as that gives me an opportunity to keep in touch with my borrowers and also turn them as my marketing agents too ( where ever i can)I am only doing about 5 loans at a time and use xls for that (interest only loans)I al looking for a recommendation for a cloud based software I could use for servicing a small pool of california loans.Please advise.
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24 September 2018 | 17 replies
It is called a “placed in service” date.So, the date you posted it for rent, I would use that date.
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1 December 2018 | 13 replies
I think I have minimized my risk by purchasing it out right and then testing the market for what the property will rent for to further prove my numbers for purchasing additional houses in the area.Once it is rented I am going to work on either refinancing or getting a line of credit for the purchase of the next house.Hope this helps any new investors who commented on my thread.
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22 September 2018 | 12 replies
It seemed like it bottomed and then our lovely government added the stress test and tightened regulations making the Alberta market even softer.
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11 September 2018 | 4 replies
They are NEVER true service animals.Our property description always indicates no pets yet nearly all applicants have a pet and then state they are ESA or 'assistance'.
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9 September 2018 | 2 replies
No realtors or endless showings. 88% of asking (very specific number with no zeroes)Be the bank. 10% down, market rates, payment of $600 per month automatically to you from a local servicing bank. 95% of asking price, but no zeroes.Lease option. 30 months, $600 a month 1.5% consideration.
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27 December 2021 | 33 replies
Scot,I have been testing it and think it would be great for a few properties.
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19 September 2018 | 14 replies
I work in a sometimes dangerous service job and I do my best to be careful and stay safe, however I would never sign away my workers comp and disability rights just in case something ever did happen, I guess I look at this the same way
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15 September 2018 | 14 replies
Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.
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12 September 2018 | 6 replies
I use a service to create my leases which includes legal advice for all 50 states and localities: "ezLandlordforms.com".