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12 March 2017 | 5 replies
If the rental is not on two years of tax returns, then lenders can use a current long term lease, showing the monthly rental income, three months of recent bank statements showing the rental income deposits, and then allow 75% of that rental income when computing your debt to income ratio.
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20 March 2017 | 60 replies
., and offer things like Business Deposit Cards and specialty services.
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14 March 2017 | 6 replies
Economically speaking, there's an upfront non-refundable deposit for the option that doesn't go towards the purchase price.
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14 March 2017 | 3 replies
My current property manager does not want to deal with a mobile property.Also the management costs of the tenants, who may not be blessed with secure income, or may not be in a position to automatically deposit the rent on a predictable and reliable schedule.I am only looking at pure cash flow, as I don't intend to flip the properties.My head tells me that lower end properties yield much better cash flow numbers, but my gut is not convinced or ready to take on the unknown management costs.
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13 March 2017 | 1 reply
The listing agent would be required to refund your good faith deposit (if any) and you can move on to a better deal.
12 March 2017 | 5 replies
If an absentee owner has to evict the tenants as a condition for the investor to buy...do the eviction fees come out of the tenants deposit, my assignment ,the Sellers profit or the investors profit?
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13 March 2017 | 4 replies
If you have it re-rented and leased signed prior to them moving out, then let them know that when you conduct your walk thru and everything looks good, you will give them their deposit back right on the spot.
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14 October 2019 | 4 replies
Hi Chris, I was able to get a 3 bed 2 bath in Sun City on a Lease Option for $185,000 on a $10 Option, $850 a month and $850 deposit.
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13 March 2017 | 7 replies
If they cant or wont I suggest refunding the full deposit.
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18 March 2017 | 16 replies
.-$50 discount for auto draw on-time monthly pay (Rent is $525 after discount)-Low Utility deposit. ($150)-Pets allowed for $200 non-refundable Pet Deposit; $25/month extra per pet.