Jennifer Quevedo
Is it Possible to Wholesale an on Market Deal?
2 December 2021 | 7 replies
You can use Transactional funding to get a POF letter.
John Matthew Johnston
Help evaluating a Mixed use deal
2 December 2021 | 2 replies
Hi I have SFRs but I’m new to the Commercial/Mixed use arena.
Jason Wiser
Define "Investment property"? Using 2nd home mort for Air Bnb
4 December 2021 | 15 replies
So, now back to the definition of "Investment property"TL;DR - lender is helping me to write the letter in a way that prevents fraud AND allows me STR optionsHere is the definition that was sent to me from my lender regarding the definition: source Freddie Mac second Home Mortgage guidelines The Borrower must occupy the second home for some portion of the yearThe Borrower must keep the property available primarily (i.e., more than half of the calendar year) for the Borrower's personal use and enjoymentThe Borrower may rent the property on a short-term basis provided that the property is not subject to any rental pools or agreements that require the Borrower to rent the property, give a management company or entity control over the occupancy of the property or involve revenue sharing between any owners and the developer or another partyYou were right @John Transue and @Keyla Rosario and @Brent Huling I only need to occupy it part time, and can rent it out with no penalty of fraud.
Dan Holtz
Need advice on how to get earnest money back
3 December 2021 | 14 replies
I consulted with an attorney that confirmed that and we were going to send him a demand letter, but he ended up just releasing the funds before hand.another point is to work with a better realtor + title company. they were not on the deal in terms of dates and no one (including me) paid attention to the important dates, kind of a beginner mistakes but i had some issues in my personal life that took my attention from that and i did expect the 'professionals' on the deal to be more on top of these dates , but i take responsibility for that as well. i just wont use either of them in the future.Hope that'll help anyone else as well thats why i shared this info, and again thanks everybody for the support, both the mental and technical one.Appreciate yall and happy holidays.
Sean Ezeamama
Expecting push back on rent payment, what to do?
3 December 2021 | 20 replies
In a multiple unit situation a formal letter would be mailed to all tenants noting the procedure (as documented in the lease agreement) or an addendum for being reimbursed and no monies may be deducted from rent.
Drew Davis
Crested Butte Conundrum
5 April 2022 | 10 replies
Try a mix of LTR/STRs to stay below the 90 day limit?
Elisiane Da Silva-Taylor
Have you ever Got a BAD Landlord, There is no such a thing right
2 December 2021 | 4 replies
I might have to get a lawyer involved to sent her a letter to see if she will stop or ask her to sent me all the results from all of the professionals she hired saying is coming from my apartment you know.
Logan Olsen
New Investor: question for raising rents
8 December 2021 | 8 replies
In situations where we believe the tenant may feel put upon by the greedy landlord we provide that data along with a letter informing tenant of need to increase rent or of upcoming rent adjustment.
Jay V.
Tenant unable to pay for month and seeking help from state
2 December 2021 | 1 reply
I give the tenant a nice and polite letter explaining that they have 3 days to pay or quit (move out) and I tell the tenant that I need to adhere to my own policies, guidelines and the sooner I give the notice the sooner I can get them out.
Patrick Thomas Dickinson
What should I buy next If I want to scale.
2 December 2021 | 0 replies
I officially have my Pre Approval letter for a loan amount of 450,000$I also have 200000$ to put as a down payment on something.