21 March 2018 | 4 replies
Also as far as the 203k loan ive looked it up a bit and most wont finance homes with foundation issues but that is a great route to take if I can find a lender will to work with me and my father asked about doing a refinance on his paid off house to buy it but I’m not sure how that would work so I’ll have to look it up a bit more
21 March 2018 | 3 replies
I value my relationships with the property manager but at the same time, I want the job I paid for to be done in full.Thanks much!
21 March 2018 | 5 replies
A senior secured loan gives a lender a structural advantage over “mezzanine” or subordinated debt because senior debt is the first to be paid; it has top place in the event of liquidation.
21 March 2018 | 2 replies
They paid the bills but I didn't make much/anything other than paying down a bit of principal.
21 March 2018 | 10 replies
We found a property management company but before signing the contract, noticed that they put "owner to pay $395 to secure lease renewal of current tenant""owner to pay 8% per month but subject to $100 a month minimum payment" of gross revenues DUE (not paid) prior to monthly disbursements""if premises are vacant at any time during this agreement, then owner shall pay manager $100 per month for management of premises including supervision of maintenance"It doesn't seem like these terms fit for managing our simple duplex rental.
20 March 2018 | 1 reply
When the seller wants to see proof of funds, or a pre approval letter to go along with our sales contract (which is a must have in any deal I've ever been involved in) how am I to obtain this if I don't actually have the funds on hand to see the sale through?
21 March 2018 | 2 replies
I’m trying to get pre approved before I shop.
21 March 2018 | 9 replies
Some details-LLC will have same members, loan will be paid off.I briefly talked with a CPA and he suggested that we sell the property to a new LLC. done.Is it going to be that simple?
21 March 2018 | 5 replies
In fact- they're dying to have more buyers like you where they can create this pre-order atmosphere and move deals quickly.
21 March 2018 | 3 replies
During the refi of property number 2, anticipating refi of property 7, I paid off all my small credit card balances and brought my loan to available credit to under 20 percent on my main card.