Keran Smith
Want tenant evicted. Is this doable under the current rent ban?
8 June 2020 | 6 replies
If you added a pet addendum, then it sounds like the pet is no longer an issue, or grounds for any legal action.That leaves you with the unauthorized occupant, However, if you have been accepting rent payments despite knowing about the unauthorized occupant, you've essentially given them permission based on the legal principle of waiver.
Andrew Boerum
Can't Live in My "Primary Residence"
7 June 2020 | 7 replies
You will sign paperwork saying you are going to live there and failure to do so is a crime.
Vasilis Axios
CAN I QUALIFY FOR FHA? SHOULD I DEFINITELY GET A PARTNER/MY INTRO
7 June 2020 | 6 replies
I have a partner that is willing to co-sign because he has proper paperwork including these pay stubs.
James Kim
Negative Cash Flow Rental Investment Advice
7 June 2020 | 8 replies
(yes we were paying $2800 /mon for PITI+HoA as it was originally our starter home, but I figured $2400 is essentially sunk cost because that was market rate for apartment rentals in the city.
Tato Corcoran
Out of state letter campaign
10 June 2020 | 10 replies
The issue is I only ever spend 1 week/month at most in Milwaukee, so I’d essentially need to buy these properties sight-unseen.
Ethan McRae
Feedback on my analysis
9 June 2020 | 7 replies
Less paperwork, no up-front PMI, and monthly PMI goes away once you hit 78-80% LTV.
CJ M.
Why not take secured EIDL?
17 June 2020 | 36 replies
I'm also a Realtor and was essentially my income was impacted 2-fold.My question would be if I accept the loan, should/could I simply open a separate bank account and pay myself and/or other employees a wage/salary.I was going to give myself a wage this year, but since I didn't have any deals, prior to the lockdown, I didn't apply any (therefore also lost out on PPP).
Julia Yels
Property Management Agent question Virginia
8 June 2020 | 2 replies
This seems to be referring to what is often called a "Registered Agent", or someone official in the state who should always be serve-able in the event a process, notice, order, or other legal item needs to be served.For example, many states require every LLC to have a registered agent, which is commonly the attorney that filed the company's formation paperwork.
Jamilu Umar
closing on my first deal
15 September 2020 | 6 replies
They do NOT get involved with deal paperwork besides using it as a guide on what to do if mutually accepted.
Cesar Escobar
Using an FHA 200k Loan to finance purchase and rehab.
8 June 2020 | 7 replies
There are a few other negatives about FHA that you're not considering:Lots of extra paperwork with a FHA loan.Contractors must be approved by HUD to do the work, so that limits who you can hire.