I have a new(ish) commercial loan on a mini storage facility. I saw in my loan docs that I'm supposed to submit quarterly financial reports to them.Can someone help me figure out how to structure my report or what the...
Is it common for a broker to ask for an LOI before they can send you over the financials?
Hi there - what do you all do when a tenant's deposit does not cover the damage? Can you file in small claims court and is it worth it (property in Houston metro area)? Can you report this against their credit as an i...
I tried to pull the trigger on an mls property this week. It was day 1 on market and I went in with a full price offer and paying closing costs. I was beat out by a full price cash offer. They could close in 2 weeks, ...
My last few weeks in a nutshell:1. Spot a REO good property on Zillow that is overpriced for local market.2. Call Realtor on website, ask to be shown property.3. Go and tour site, take some photos, ask some questions....
I decided to go with my agent's "recommended" lender and didn't think anything of it as the numbers seemed within reason. I get an email about 1 week ago (3 weeks from closing) from a large bank asking if I needed a q...
I have a couple of associates that are available to offer the funding to do a flip I have in mind. However, they are not familiar with the process of being private lenders. How can I introduce them to the proper docum...
Hello everyone! Today, I'm looking for someone who can do conventional purchase financing on a non-owner oc triplex in Southern California. Here's the catch, the purchaser has 4 mortgages currently and is hitting a ...
when screening a tenant what are some of the big red flags to look for? also what is the preferred credit score to look for in a tenant?
Hi, I have this situation where Boy Friend and Girl Friend both 21 years have submitted applications.Girl Friend credit report is clean with 1.5 X Rent as income(Confirmed). Stayed with her parents in their own home....