Matt Swearingen
How to analyse a deal with insufficient data
Hi all, I'm sure you've all seen something like this before in the mobile home market. I'm viewing a property tomorrow that has 1 sfh and 6 mobile homes (some park owned) on 13 acres. There Are two wells and two sep...
Nilu Khadka
Any free websites that automatically declines insufficient rent?
I don't want to spend time calling the tenants when the rent is short. I am looking for any online payment system that automatically declines an insufficient rent and sends tenants an email automatically that they nee...
Oscar Martins
VA Loan fell through due to insufficient income
Just had a contract on a single-family fall through. Buyer was pre-approved for a VA Loan, completed all inspections, buyer cancelled the contract because he didnt meet the income requirement for VA loan. Did they not...
A W
Do I have to give a reason when declining an applicant?
If I do, can I use his/her income as a reason?
Or what is your favorite "excuses"? :) sometimes we just do not like a person...
Thanks.
Mark Bondurant
Buying a property on verge of foreclosure
I'm wanting to put an offer in on an on-frame modular in North Carolina. The owner has missed mortgage payments for about 3 mos. If I move fast, shorten due diligence and pay cash to close in say 3 weeks, can the bank...
Misty White
ACH Return Fee+ Late Fee in NC?
Hello, my tenant paid his rent on the 4th. He has a 5 day grace period before he is charged late fee. On the Rent Redi app, it states a ACH Return has been posted due to insufficient funds. As a landlord, do I charge ...
Alexis Kaigler
Purchase and Sales Contract in Georgia
I'm looking for a short purchase and sales contract to use for wholesale deals. My attorney drafted an 8 page contract. I sent him a one page contract that he said was insufficient. Does anyone have a shorter contrac...
Allen W.
Avail Management Software
Hello everyone,Does anyone have experience using Avail Management Software? I'm using them (for now) to self-manage and I've learned that the tenant can choose when money withdraws from their account E.G. Initiated pa...
Drex Tanner
Buying land and building a second dwelling... what is the best way?
So I am looking for creative ideas others have done for the following situation: My father owns his home on a 1.5 acre lot. About .6 acre of it is just pasture behind it, that was used for hobby cattle. I am wanting t...
Marcus S.
Really? 240k income "insufficient" to buy a 140k investment property???
Okay, I admit it:While I do have a pretty good income, I also have higher expenses than most people. But with 20k a month, is a mortgage payment on my primary residence of $3,500 really that big of a deal? (Especially...