Amber Bennett
Owner sells home. 1st Note current. 2nd Non-performing. Now what?
9 April 2018 | 14 replies
Depending on who the investor on the 1st mortgage is will determine the guidelines on what payoff the 1st lien servicer may offer a subordinate mortgage.
Russell Holmes
Are there long(er)-term private lenders for owner occupied?
7 May 2018 | 12 replies
The note can be made more marketable by using an RMLO service who can document the file- the seller acts as the underwriter in approving the financing, but they will verify rent and perhaps in this case put together some non-traditional credit sources and income documentation in trying to establish ATP (Ability to Pay) The seller could potentially sell the note at the closing table (likely around 70% of the Note Value.)
Amanda McAndrews
Questions about getting utilities on for HUD home inspection
8 April 2018 | 1 reply
Your agent needs to contact the Field Service Manager for the form to initiate the process.
Matthew Rodriguez
Creating cash out of first deal
10 April 2018 | 8 replies
Try to go in the attic to see if the water lines run there Open a few outlets around the house and open the service panel completely.
Julie Hill
Five year strategy...
9 April 2018 | 11 replies
If you have worked for yourself for 17 years, then I 'm sure you have provided service to people, you have customers who trust you and value your work , your work ethic, ... etc.
Khang Nguyen
The "A" in BARRR strategy with existing tenant
22 February 2018 | 5 replies
@Khang NguyenAll of the renovations you performed prior to putting your property into service should be capitalized .... it matters not that the property was in-service under the prior owner, you took vacant possession and renovated prior to returning it to service.Additionally, much/most of the work performed during a substantial renovation is considered a capital expenditure, not an expense.
Willie Reid
Bobby Finance Service
16 February 2018 | 0 replies
Does anyone here have any experience with Bobby Finance Service based out of NY?
Robert Lindsley
Need advice on forming LLC’s
19 February 2018 | 5 replies
Some property managers will offer a registered agent service.
Paul DeSilva
Banks are only offering commercial loans on my 2 family refinance
24 February 2018 | 16 replies
You need to keep shopping.How long have you had it “In Service “, ready and available to rent?
Nicholas Richard Ray
Investing Across The River
17 April 2018 | 10 replies
As far as multi, it seems most landlords offer free water/sewer/trash services.