Roman Stefaniw
Arms length Mortgages/Private Lending
14 January 2025 | 15 replies
B2B Bank had just introduced liquidity requirements which seemed to indicate they really did not want to be providing that service.TD was the last of the Big Five to offer the ability to write and hold arm's length mortgages.
Jessica Frisk
7/1 ARM vs 15 year fixed on duplex
31 December 2024 | 3 replies
If you have to do an ARM, have a Plan B to pivot if you need to sell or refinance.
Noah Laker
Opening a Sober Living Facility
15 January 2025 | 4 replies
If you’re leading it to a company be sure to have in your lease explicit information about who is responsible for what in terms of maintenance.
Tammy Elias
Change in Management
15 January 2025 | 8 replies
She's not going to have any leg to stand on in court if you get that far unless there's some explicit language prohibiting the owner from assigning responsibilities to another legally authorized party, and I'm guessing there isn't if another PM company was maintaining the lease and provisions - and the fact that the tenant was voluntarily working with the other PM confirms the acceptance of an authorized agent even if it's not explicitly stated, the same way if you accept rent from a tenant after a lease expires you imply acceptance of the lease terms continuing (which is why you should always have a holdover provision).
Ricardo Navarro
Flip in CLE
15 January 2025 | 9 replies
The document is pretty explicit with contingencies should anything go sideways along the way though so this helped a lot to keep everyone on task. we've built rapport at this point since we've been in constant communication from when we started but in the beginning, it was a lot of trust in the document.
Fareen E.
Start lease on closing date or the day after?
10 January 2025 | 11 replies
This protects your investment and gives you leverage if there are issues.Other Tips:Make sure the lease explicitly defines the move-out date.Conduct a thorough walkthrough with documentation before and after the lease period to avoid disputes.Handling a seller-to-tenant situation can be tricky, but with the right precautions, it can work smoothly.
Ed Long
How Do You Decide If a Borrower Is a Good Fit?
18 January 2025 | 4 replies
We don’t use LTV explicitly, but using our criteria, it ends up around 55% to 65% of the ARV.
John Fleming
Property Management Reccomendation
14 January 2025 | 3 replies
Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.
Pixel Rogue
Real-estate Exit Plan
8 January 2025 | 2 replies
LTV under 50%, 10 yr arm @4.5% LLC (4)• Investment condo - purchased 2021.
David Bull
2nd house out of 25 in the next 4.5 years
8 January 2025 | 4 replies
I know they have a cap at 10.We have also looked at using local banks in the area but those terms are usually 3 years arms to ten year arms and 20 year loans so it lowers cash flow significantly.