
19 July 2020 | 13 replies
Under this provision, a tenant must to notify the landlord that they have lost a job, lost hours, or otherwise lost revenue or faced significant increased expenses as a result of the COVID-19 pandemic.If a tenant has a paid security deposit of more than one month’s rent, the tenant can apply all or part of that excess to April, May, or June rent.

11 April 2020 | 3 replies
To be clear when you purchase a note and mortgage, you’re buying the debt that remains to be paid on the note, which is secured by the asset outlined in the mortgage.

13 April 2020 | 11 replies
If needing to find new tenants as well nice thing is that those that have been accepted are providing first months rent and security deposit at time of move in.

10 December 2020 | 5 replies
I had to do a JV to secure the downpayment - but in a way in which life can work out - I did the deal with my ex-wife's parents, my son's grandparents and so far it's been a great partnership.

12 April 2020 | 6 replies
Interest is passive in nature, and does not have tax implications for an IRA.Have the IRA issue a note to the borrower, secured by the property being flipped.

13 April 2020 | 2 replies
And with interest rates at rock bottom, it's a pretty good time to take on a conventional mortgage (so long as your employment is secure in the midst of this COVID crisis).

8 April 2021 | 10 replies
If I sell a partial and in that sale agreement, I promise to make up payments or other promises in event of default, maybe I've created a security?

16 April 2020 | 4 replies
I'm actually looking into doing my first flip but seeing that I work at a Title Company I've also seen a lot of deals fall through due to Covid bc people are being layed off...So I would say make sure your financing is secure and (job as well) bc they will check before they give you a clear to close and if anything is different than what you originally disclosed on your 1003 (lenders loan application) then they will have a reason to delay closing or cancel it.So just make sure all your ducks are in a row before you jump.

14 June 2020 | 8 replies
There is no guarantee you will have access to those funds later so secure them now and be ready.

1 May 2020 | 14 replies
Affidavit of satisfaction) which will allow the attorney to submit an "Affidavit of Satisfaction of Security Instrument by Attorney Licensed to Practice Law in North Carolina"The above is just my opinion, I'm am not an attorney and it is not intended to be a legal opinion or advice :-)