Friday Delorio
Day 3 of my 90 day challenge - when to get pre-approved for a loan?
I will close on a property within 90 days. At which point should I get pre-approved? Can you get pre-approved without knowing the area in which you're going to buy real estate?
Cindy Descamps
Landlord recourse for enforcing lease length terms
I have been working at being a landlord for about 5 years now, in Illinois. I am small with only 12 units in three buildings thus I am doing all the land lording myself. My lease is a 12 month lease. My lack of und...
Frank Wolter
Realtors holding offers 2 increase price or double commissions
This post is for investors. Realtors might not seem to care and might think its ethical but I hate when Realtors or Brokers do this. So here's how you can over come it.
You might seem to come across a property you ...
Micheael Certini
Rental Term Agreement Without Extension Provision
If a term agreement does not specify any language as to its extension, does it proceed to a month to month extension or does the extension become a mirror of the original lease term (ie. 6 month lease). Where can the...
Dan Frehmeyer
Rent rate increases in lease agreement
Hello all,I was hoping to get some opinions on how do you typically raise rents naturally? Is it "normal" to include a percentage increase or fixed amount increase in the lease agreement? If rent increases are not inc...
Jon Klaus
Drop the price daily
I have a few homes for sale and I've noticed a definite slow down since the home buyer tax credits expired. I have a marketing/pricing idea that I think I've read about on BP, but haven't found it.
Start the price a...
Craig E.
Assignee going around assignor after escrow period.
Scenario: The signed A-B contract cannot be altered before assigning it to C (absent agreement by all parties, not likely and cumbersome). What happens if C (conveniently) fails to close and we reach the deadlin...
Account Closed
Rate Lock Extension Question
Hey BP, long time lurker and first time poster. I've always been able to find the answer I need without reaching out, until now!I'm under contract on a triplex "house hack" using the VA Rehab Loan . I am not going to ...
Mitch Kronowit
Contract Law 101
Just wanted to verify something with my BP team.
Let's say you signed an offer to purchase or some other contract on Oct. 5. The other party accepts your offer by signing and dating on Oct. 10.
Is not Oct. 10 the le...
Francisco Trejo
Is this Legal for lenders.
Hello BP community, today i was notified by my loan broker that the rate on my loan just went up 5.75 on a cash out refi for a triplex here in L.A. This is a no doc loan based on income from property.
I started th...