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22 December 2018 | 5 replies
Here's how the process works as I understand it:1) You list your property2) Tenant expresses interest a) you do your background check - if approved:3) Tenant gives you their S-8 RTA form a) You fill out your portion and return it to S-84) They determine if your rent is within their market guidelines a) If it is not, then they say "hey, your rent is too high for our program, we'll only allow $635/mo, not $650" (as an example) b) It's up to you at that time to determine if you will accept the lower amount or not.
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20 December 2018 | 4 replies
You also want to determine if the buyer wants to do the work themselves and if so, will the particular loan program allow it or does the loan program require a general contractor, licensed, bonded and insured to perform the work?
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21 December 2018 | 6 replies
Also, try looking for a ZERO DOWN program that will help the buyers purchase with little to no money out of their pockets.
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24 December 2018 | 1 reply
I wanted to see if there were any landlords that have in the past or are currently participating in the Rental Partnership Program with military bases near their rentals?
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21 December 2018 | 2 replies
David,Insurance policies for flips are structured different than those created for buy and holds.Flipping policies will give you coverage during the renovation time period as well as any long term vacancy, usually more than 60 days.A buy and hold policy expects the property to be rented and can deny claims related to major renovations or during a long term vacancy.There are specialized insurance programs built for flipping that most flipper will use.
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21 December 2018 | 4 replies
Hi,It appears one of my rentals in Detroit is having a problem with squirrels.
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7 January 2019 | 15 replies
It appears I will get neither property or money in this case.
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20 December 2018 | 0 replies
I was going to create a rough excel spreadsheet to jot down some notes, but wanted to see if anyone has a good template or a program they would recommend.Thank you in advance for your input!
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23 December 2018 | 7 replies
they have lots of programs out there for having more than 10 loans.
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18 February 2019 | 4 replies
I did not join their Elite mentorship program due to the prohibiting cost and some reservation comments on BP.