Actual Questions I’ve Been Asked by Borrowers/Brokers
1. My client is worth over a billion dollars. How quickly can you make him a $25,000 loan?
2. Do you lend 150% of appraised value?
3. How much down payment do I...
Hi allI have been consuming lots of information about creative financing watching BP podcasts and Pace Morby especially. I feel like I have a decent grasp of the front side of the concept. Finding property, speaking...
I've got a tenant that moved out 3 days after their lease ended. There are some damages, amounting to around $600, plus a fee of $250 for not leaving the property till day 3. ($100/day, and $50 for a half day.) All...
I'm seeking advice on pursuing a career relating to home loans. The titles of job positions in this area that appeal to me are: processor, auditor, underwriter, closing coordinator, closing facilitator, credit analyst...
Short-term rentals have become a lucrative venture for many property owners, offering a flexible income stream. However, accessing traditional loans can be challenging, especially if personal credit history isn’t favo...
cc: @James Hamling So today is very interesting. Job market is extremely robust that we add 300k jobs than 150k predicted job. In theory this should not be good news because then Fed would have reason to keep the inte...
Hello everyone,I have a couple of properties and manage myselfHow do you go about going on vacation?normal things will wait, but what about emergencies?I thought about asking a friend, but not sure if he would have kn...
Hi everyone,
I converted my former primary residence into a rental property. Financially, it's been a sound decision, but mentally, it's taking a toll on me. I constantly feel like I'm 'on call'. Even though my tenan...
Hi everyone! Merry Christmas and Happy New Year!I am managing my first STR. I set my communication up through Guesty to automate booking and task notifications for my cleaner. On the day of cleaning, my cleaner sends ...
First of all, rest assured this is not another DDOS attack. I have no farmland in the Ukraine to offer anyone.(But maybe I will in five years ^^ And that's the success I wanted to write about today.) On Saturday night...