Simon Stahl
Early PM contract termination
I have a triplex in San Antonio, TX that is managed by a PM. There are still a few month left until the PM agreement ends, but I am pretty unhappy with their services and would like to get a new PM before that time. T...
Patrick Boulanger
Myrtle Beach South Carolina Lease Option
We are challenged with structuring a lease option on the property that is market driven for the area.The home was analyzed at $250K. The rental market is $1700/month.What are the formulas for this area that will maxim...
Conner Hitchcock
Setting Up Initial Systems: First Rental from Primary Residence
Hey all,After some thought and help from previous posts, I have decided to begin taking some steps to turn my primary residence into a rental. It's a nice townhome in Northern VA, that I know is fairly in demand, esp...
Tyler Gautier
Owner Finance Strategy Question
I recently purchased a property for $674K purchased through a mortgage lender with 5% down at 5.875% fixed rate 30 year mortgage. I immediately was offered 765K from an interested party who would like to work out an o...
Account Closed
Quick Check on this hard money payoff quote
I borrowed $141k hard money at 7% interest-only and escrowed ~$10k with them for repair costs (not sure if that matters). My monthly payment on the hard money is $822.I'm now trying to refinance into a conventional mo...
Zakiyyah Potts
Debt to Income affecting ability to purchase
The lender said that my Debt to income is too high and causing me not to qualify. I rent out my first home. I have a bank account to show that I receive rental income. But the lender is stating that he needs two years...
Brad Haddow
Petty Landlordcharging 260$
Good Morning. I am having an issue with my Landlord. I rent a shared apartment.
We signed a 3 Month Rental agreement (Apr-Jun)where I paid my rent in full and we discussed the possibility of extending nearer the end ...
David Morgan
Insurance needs for Subject To Lease Option?
I'm getting ready to close soon but I need some assistance on how the insurance works. I saw Grant Kemp say that the new buyer goes down as "insured" and seller goes down as "additional insured." What happens to the i...
Fahad Siddiqui
Lease agreement signing (On-boarding) checklist
Hi,Does anyone have a checklist they use when signing lease agreement of items to collect from the tenants and to do items prior to them receiving keys to the property? Items such as: Driver License, Call Utility Offi...
Pierce Edwards
Vacation Home Mortgage Question
Do you need to currently own a home/primary residence to utilize the 10% Vacation Home Loan? Or can I use the 10% Vacation Home Loan while renting? Also, would using the 10% down eliminate the option to use the 3% FHA...