Vinnie Dici
Tenant brought over 6 drunk friends at 2 am and let out my cat
18 May 2024 | 10 replies
The last time he ran away it required a $1000 visit to the vet.
Holly Hill
Upset tenant requesting "repairs"
20 May 2024 | 7 replies
I would so similar, say we have had it inspected but if you wish to engage a structural engineer at your expense which will run $2k-$5k you can, and if they find the home uninhabitable we will pay but only in cases where the home is deemed uninhabitable and condemned by the city.
Kieran Dowling
Rental Documents Needed
19 May 2024 | 10 replies
10) Make sure all of the above, and more, are compliant with Fair Housing requirements, Fair Credit Reporting Act, Federal privacy laws, etc?
John Wallace
How to use DSCR loan to acquire more properties
19 May 2024 | 2 replies
DSCR only requires that the rents be equal to or greater than the PITI payment or the ITI payment if you go I/O interest only.You can use DSCR for a cash out refinance, Purchase and even a "Rate and term" which is when you want a lower rate or get out of a HML - Hard Money Loan, Balloon payment, Adjustable rate getting ready to expire/adjust (Recast).
Kevin Gonsalves
Equity what to do with it!?
19 May 2024 | 3 replies
Kevin,I would avoid anything over 4 units for now because it opens up a lot of requirements when it comes to the underwriting approval.
Lynn McGeein
Covenants vs Newer Rules & Regs: Which Prevails if Different?
19 May 2024 | 6 replies
Bylaws and rules can often be changed by the Board (depending on what the higher documents require), while the CC&Rs and Incorporation docs are intended to be more difficult to change and often require a vote with a super majority of all owners to change.
Carrie Herring
I think I smell opportunity. Am I wrong?
20 May 2024 | 4 replies
Here's the post minus her contact info and exact address:I'm telling mine pretty rough shape mobile homes I feel about my dress this would be worth almost 200,000 not too long from now so good because I need to live in it for 15 more years until I die whichever comes first I think 35 in cash and you can take it over when I die or 15 years first or I'll accept 10,000 cash down and a few hundred a month until you ready to take it over at that time of my death or whatever then you would be giving that payment to my children until the contractor satisfied serious requires only please or you can email me let me know if you want to come look at it whatever money I get at the beginning and their household it's going to go into fixing the place up by the time I die I hope it's quite nice extremely life actually before the viral to be able to actually move into it themselves it'd be a hold of my place by the time I can do any more to it hopefully waterwood drive Gainesville Georgia 30506 I'm ready to do it ASAPMy first reply:Cute area, actually owned by poster, and almost a half-acre with the small 684-foot trailer.
Marysue Connelly
Centennial Rental -how to not renew the lease
19 May 2024 | 3 replies
@Marysue ConnellyI'm not a lawyer and this isn't legal advice.Currently, if you want to discontinue a lease that is expiring, you simply need to provide a written notice to vacate to the tenant with the appropriate notice period - our lease agreement states 60 days unless a lease is month-to-month, Colorado law typically only requires 30 days notice.
Jeff Daring
Can a seller see if I am approved for a mortgage through multiple lenders?
19 May 2024 | 6 replies
The difference is if you switched lenders and that lender has certain requirements that requires a renegotiation, then you might have a problem if the first lender doesn't.
Roseann Koefoed
Need Construction Loan - building my first 3-flat!!
21 May 2024 | 21 replies
Make sure you have a backup plan (contingencies) for if/when obstacles arise and you’re required to spend more money and possible more time (3-6 months) to the overall project.