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8 November 2024 | 3 replies
We’re one ofthe few property managers that require W-2’s and a bank statement and we go way beyond the traditional, “income must =3x rent” qualifier.Below is more information about what our Applications Department does to screen applicants and find the best tenantspossible for your property.Required InfoWe require the following from each applicant over the age of 18, that is not a dependent of anotherapplicant (as evidenced on a tax return):Copy of acceptable state picture IDRecent YTD paystubRecent W-2Recent Bank Statement, all pages, no info blacked outRecent tax return if self-employedApplicants are often slow about turning this information in, asking us why we need it and then takingseveral days to submit.
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11 November 2024 | 4 replies
I won't name that company, but I will highly recommend mylandtrustee above ^.One huge perk of Land Trusts and part of the reason we used them for the JV BRRRRs was that ownership percentages could be changed through the project by reaching out to the trustee and doing some straightforward documentation.
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8 November 2024 | 6 replies
However, while the owners can remain anonymous, the names and addresses of the managers must be submitted to the state, although this information is not publicly accessible.At this point I’m not certain if I did something incorrectly in the LLC setup, or if the information not being publicly accessible is a falsehood.
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13 November 2024 | 34 replies
I work with a lender that allows that as long as we can document some explanation that the borrower doesnt plan on occupying the home as a primary residence.
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13 November 2024 | 18 replies
Depending on the lender, you can/should tell them upfront so they can document the LLC in the file so you are sure not to have a due upon sale clause triggered when/if you do transfer into your LLC. #2.
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6 November 2024 | 29 replies
I don't want to have to introduce them to a new workflow for submitting maintenance requests (e.g. now log into latchel).
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7 November 2024 | 6 replies
Whether you’re scaling with DSCR loans, navigating Hard Money for fix-and-flip projects, or exploring other creative financing strategies, I’m here to offer value and insight.A bit about what I can help with:*DSCR Loans: Perfect for BRRR investors and buy-and-hold strategies, focusing solely on property cash flow without personal income documentation.
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8 November 2024 | 17 replies
The only way is to document and possibly evict under nuisance.
8 November 2024 | 17 replies
You pay an EMD when you submit your offer, and then you only give it to your realtor. 2.
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8 November 2024 | 3 replies
Your intermediary must be in place prior to the closing of the sale to provide the proper documentation.