22 October 2020 | 3 replies
You should take to multiple lenders and see how the approach differs between banks and what is consistent between the banksAlso - Most banks will require an executed lease on the "old" primary residence turned rental to prove it's rented out or going to be rented out by a certain date before you can close on your new 2nd primary residence loan.
21 December 2020 | 4 replies
If her lease ended the 30th of the month she has until 12:00 midnight to surrender keys; however your lease may indicate that keys need to be surrendered @ a certain time on lease end date.
1 November 2020 | 10 replies
Perhaps it's time to go forward, and you just needed a fellow investor to affirm the work and thought you put in.
31 October 2020 | 9 replies
I always get their insurance and licenses to be sure they are up to date.
31 October 2020 | 7 replies
@Sammie Baker - if you're using conventional financing (FNMA/FHLMC) you are required to have a 6mo seasoning period between acquisition date (deed) and the new note date (closing).
20 August 2021 | 5 replies
On 3 separate occasions, the appraiser gave me their word that I would have the appraisal back by a selected date.
4 November 2022 | 10 replies
You can also use less then 2 years SE if the previous year is enough and your year to date profit and loss is not less or declining from the previous year.
19 August 2021 | 4 replies
Hello fellow investors, just curious, while eviction moratoriums are happening, are purchasing rental single family homes a good idea from a land lord’s perpective of getting paid by tenants?
20 August 2021 | 3 replies
Hello Fellow Real Estate Enthusiasts, I am hoping this thread can get us tech professionals networking with one another and discussing our experiences in real estate.
21 August 2021 | 8 replies
In the letter, we tell the tenant who to make checks payable to, where to deliver the payments to, the date the rents are due and date the rent is late.In the introduction letter we tell tenants we intend to improve the property and we tell tenants that we want them to contact us and report every maintenance issue asap.As for taking over any property, there are always a hundred improvements that can be done within the first few months.