Clint Moore
Problems Partial Offer for Owner financing, Note, Land Contract
I have a Land Contract I am considering selling, the offer is for a partial buyout. The Land Contract has a balloon and they are buying the payments till then. I guess I will hold a 2nd position. My question is in the...
Curtis H.
How long from appraisal to closing?
I am working a refinance right now and wanted to hold off on the appraisal until Feb 13th. There are updates I need to make prior to an appraiser coming out. I asked the lender if I got you ALL paperwork uploaded and ...
Jason H.
Too many credit inquiries?
I have my primary property and a rental property. I am currently gearing up to purchase a second rental property. I also want to refinance my rental to drop PMI and catch a better route. As well as refinance my primar...
Vladimir Poplavskiy
Slip and Fall
Need advice. I accepted a new tenant. I wouldn't have taken her, but her mom is a good tenant of ours, so we offered her the place. Inspection on the property was passed. 1 month later, the floor in the porch dipped 3...
Betty Joseph
How to report late rents to the credit bureau (s)
Is there a way for a small landlord - 20 units, to report late rents to the major credit bureaus?
Brandon Hamlin
Assignment
Hi,I am about to put a property under contract and northern IL and I want to ask a question. When I go over the contract with the seller. I have put a clause in there that would let me assign the deal to a end buyer. ...
Aaron Gilmore
Renting Houses with large land property
Hello everyone,I am thinking about buying a 3/1 SFH that is located on .91 acres. Are there any issues or anything that anyone has experienced, as far renting that much property? I was concerned that there might be is...
Kar Sun
Tenant insurance underwritten with landlords name
All my tenants are required to have tenant insurance. They have a liability for a full value of my property plus I make them have personal property for $30k. is it advisable to have the insurance underwritten with ten...
Tim Hoffman
First Time Hard Money lender with questions
I am looking to loan some money to an investor to flip a SFH and am looking for some of the details regarding documents required in Illinois. Let me say, i am a seasoned investor with about 20 years investing in SFH ...
David Smith
Is a potential renter's total debt a liability or blessing?
I have a potential renter who makes 6k monthly, almost an 800 credit score, 96% on-time payments, 60% credit used, and $370k in debt. Would you lease to this renter? Would this renter be considered a liability or a r...