Account Closed
Seeking first loan, should I wait for slight income increase?
24 October 2018 | 4 replies
Cory - it doesnt sound like you will need this extra income for qualifying so no need to wait fyi if your hours will be guaranteed and stable , then the higher income should be usable ...if the hours are not guaranteed ( eg.. overtime ….seasonal …..not consistent ) , then likely to not be usable Going FHA is not that wise as the FHA mortgage insurance is permanent and wont be able to be eliminated unless you refinance the loan plus you will have a large upfront mortgage insurance that you have to pay at closing ….consider using a conventional loan as the mortgage insurance will be able to drop off or be eliminated in the future
Zoe Marr
Security Deposit Question
16 October 2018 | 10 replies
It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.
Nick Diecidue
What are some tips on increasing our reappraisal?
16 October 2018 | 1 reply
For appraisal your comps are the same sqft as your neighbor, but with an extra bedroom, so I wouldn't expect it to add much unfortunately. make sure you or someone is at the property to talk to the appraiser.
Carmine Costantini III
REI Southeast Louisiana
20 October 2018 | 4 replies
I can explain the process I use locally in detail from the MLS to auctions to real estate agents, brokers, rehab cost, comps etc.
Aaron W.
EXTREMELY AWKWARD ongoing situation with tenant
16 October 2018 | 4 replies
I am simply looking to advice I have a previous post where I outlined some of the details there.
Allyssa McCleery
initial walk through inspection checklist
19 October 2018 | 2 replies
You can probably even find a book that addresses the process in more detail.
Huey Martin
Cash purchase then refinance
16 October 2018 | 5 replies
As well as pull some extra for improvements to the property, depending on the equity (which I know is there otherwise I wouldn’t be looking at this property)Am I missing anything?
Mark Hong
Minneapolis Zoning Restriction
24 November 2019 | 10 replies
they take a conservative approach but will give you details you would run into any issues.
Ayen Lee
Rental property under LLC,do I have to inform the Mortgage Comp?
19 October 2018 | 18 replies
DOS - The transfer most likely will trigger the Due on Sale clause (DOS) - a detailed resource on Due on Sale you might want to read is: the-truth-about-getting-around-due-on-sale-clausesAlso, these threads might be worth reading:386043-bank-called-my-due-on-sale-clause183825-due-on-sale-clause-was-called-by-bank232247-due-on-sale-clauseThen, if you choose to proceed, at least you'll know what you getting into.
Benjamin Riehle
Historic Preservation Zone: Added Cost to Consider
16 October 2018 | 2 replies
Traditional, flipping a home in Historic Preservation Zones (HPZ), can come with great difficulty as these neighborhoods come with an extra set up rules and regulations to ensure that the “historical aspects” are well persevered.