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24 February 2024 | 4 replies
The principal and interest payment will remain the same, but the loan payoff date will be escalated as you make extra payments towards the principal.The details of your monthly payments should be available on your monthly mortgage statement as it lists the principal, interest, taxes/insurance escrow, and PMI paid that month.
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26 February 2024 | 29 replies
I would also recommend asking for reimbursement for lost income and sending documentation that substantiates the actual amount of rents you are out while this matter is being resolved.
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25 February 2024 | 28 replies
Yes, you could devote capital to paying off-debt to then, at some later date get going but at what cost?
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25 February 2024 | 2 replies
But if you do find an actual state chartered lender that will do a land loan please post it here I would be super interested to know who they are.I use Heritage out of Olympia.
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26 February 2024 | 2 replies
Also, you should be focused on constuction lenders who offer best leverage (usually those who will capitalize interest reserve & finance a portion of the soft costs), lower floors on the rate since most banks tie their construction debt pricing to the fed rate, perhaps offer lower or no pre-payment penalty if the property reaches the permanent financing phase of the loan product before you are able to refinance and low or no required depository relationship outside of the actual operating ccount.
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26 February 2024 | 7 replies
That actually really goes for brokers, contractors, and property management.
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25 February 2024 | 6 replies
In any case you could base it upon the actual bill, or like the utilities do, based upon past usage, but at the current rate.
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26 February 2024 | 32 replies
Investor recently reached out again and now wants to invest.I change my mind, it's actually not communism.It's insanity... hehe
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26 February 2024 | 12 replies
Those returns might be sexy, but doesn't mean the actual deal is.
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23 February 2024 | 6 replies
The challenging tenant irrelevantly refers to the other tenant’s sex life when confronting them.Multiple tenants have independently expressed similar complaints about the challenging tenant.Reading the lease ( Copy of Lease ) more carefully, we realize now that it could be stronger in areas of being able to terminate the lease - a lesson learned for future tenant leases.The challenging tenant’s lease ends in August 2024, but we were wondering if there is anything that we can do to terminate her lease early based on the lease that we signed.