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8 July 2021 | 0 replies
:Basically rather than using the reverse mortgage as an extra security for retirement, can you use the reverse mortgage as extra 'income' to show lenders & potentially qualify for a larger loan?
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20 July 2021 | 5 replies
Although they can do the appraisal you will still have to show your capacity to carry a line of credit through qualifying which they will look at your income and job type to assess the risk of creating a line of credit secured against the home. hope this helps.
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8 August 2022 | 2 replies
I am a newer investor currently only own 1 SFH and working to try and secure my next deal entirely by myself.
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8 July 2021 | 1 reply
Hi everyone, I was able to secure a HELOC for $50k.
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11 July 2021 | 8 replies
She should apply for long term social security disability and see if that shores up her income enough to qualify.The main question I have is why are they asking for a VOE at all?
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26 July 2021 | 8 replies
If you leave the property by the lease expiration date AND leave the property clean and in as good condition as you found it I will not charge rent for Jan. and I will return the security deposit in full" I made the offer contingent on them responding to my message.
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9 July 2021 | 4 replies
I am closing on a single family home cash purchase on the 16th of July, I borrowed the cash from my father in law and he asked to get a promissory note added at closing.The title company (chosen by the seller) will not add the promissory note at closing, the seller will not change the title company.I have spoken to a local title company asking if they can create a deed of trust after I have closed on the property and they told me no it's not possible.Any suggestions of how this can be done I am in Michigan, my father in law is just wanting some kind of security for the loan.
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10 July 2021 | 15 replies
Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.
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15 July 2021 | 6 replies
I know a purchase agreement is needed that secures me the right to purchase the property and reserves me the right to assign the contract but is that it?
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9 July 2021 | 7 replies
I'd also ask for a higher security deposit, but otherwise would probably consider renting to them.