Mehran K.
Primary Residence Conventional Loan After 10 Properties?
18 May 2015 | 4 replies
cool thats good to hear, however the other side of the story thats not really talked about by lenders is that if you have a lot of other properties in the area you are trying to buy a property "in" then it may be very difficult to purchase an eleventh financed property as a primary residence unless it makes sense for your given scenario.Often times this requires:- a Great LOE - letter of explanation- supporting documentation like relocation letters from employers, LOE's from family members, spouses, marriage certificates, mammograms (show increased family size), etc etc list goes on- your track record with other properties, like did you buy them as a primary then switch to investment properties (underwriters test to see your past "integrity," with mortgage transactions).
Account Closed
"Cash" Confusion
17 May 2015 | 9 replies
.), is it wise to already have a pre-qualified document expressing what you're allowed to purchase?
Jeremy Jackson
looking for my first multi-family deal, is it worth it?
17 May 2015 | 4 replies
He sent me tax and insurance documents.
Sarah Miller
Tenant thinks his lease was void when we bought the property
18 May 2015 | 14 replies
Can someone please tell me where I can find documentation for Ohio that I can show this guy stating that his lease does NOT automatically void when the property sells?
Account Closed
PM Website Vendor offering Application & Credit/Bkgrd Check streamlining on ur own new website?
18 May 2015 | 5 replies
for the near future - ideally i'd be interested in even the next step: of having my own website where applicants apply directly online so if u know of a comprehensive property management web designer than can install streamline application initiation, credit checking, document scanning in, reference checking checklist, etc do chime in or refer someone good that aint gonna cost over a grand or so!
Douglas B.
Proforma problems? Are they even useful?
18 May 2015 | 3 replies
What do you do when your seller isn't forthcoming with the financials, receipts, tax documents, etc.
Mary lou L.
Going to attend the SuccessPath Seminar with Flip or Flop's Tarek and Christina El Moussa Has anyone ever been?
10 May 2017 | 58 replies
My business partner and I went as far as getting the contract sent to us and it looks like something made from a Word document.
Jeff Kuhen
using heloc to purchase investment property with intentions on buy and hold
19 May 2015 | 8 replies
It's a normal cash out refinance with the extra documentation of your closing statement (HUD), purchase contract, escrow instructions and copy of the deed.You can get a new appraisal to accomodate the new value, but you are limited to the amount you paid for the property and what you can document you spent in repairs.
Corinne Faivre
1099C
23 May 2015 | 3 replies
Cancellation of Debt is not *always* taxable.Check out this IRS documentation and see if it applies to you.http://www.irs.gov/uac/Home-Foreclosure-and-Debt-Cancellation
Raymond Weston
Wholesaler. Real Estate Purchase Agreements for NYC Wholesalers
29 January 2017 | 6 replies
If any of you have; what has been your experience, with using these documents.