Peter Walther
Late fee based on a percentage of the loan balance is void
Honchariw v. FJM Priv. Mortg. Fund, LLC, 2022 WL 4544812 (Cal. Ct. App. Sept. 29, 2022)
I thought I'd post a link to this recent CA decision. While it was decided by a CA court I wouldn't be surprised if the rationa...
Margharita Silva
What to ask from a guarantor?
Hi everyone, beginner landlady here; i am renting out my condo in NJ and found a tenant who is a student. His parents will be his guarantor and i was wondering what documents i should ask from them? Typically from the...
Robert Williams
Property not under LLC - can LLC still be used to manage rent and expenses?
Hi All,Will be buying a property soon. I can choose to get a conventional in my name (best rates), or a DSCR in my LLC's name (slightly higher rate and prepayment penalty). Currently leaning toward getting it in my na...
John Thedford
Conventus Lending in SF And Shellpoint Servicing? ONGOING TROUBLE
I posted in another forum about these people. Long story short: conventus has turned over servicing to shellpoint. Shellpoint has repeatedly cashed my checks (which were on time EVERY MONTH) and continues to fail to p...
Robin Simon
5 Advantages of getting a DSCR Loan
Adapted from a twitter thread:Looking to pay a higher interest rate to finance your next investment property? Choose a non-QM "DSCR" loan for your next investment!😉
OK - higher costs aren't fun, but here are 5 ADVAN...
Remmy Vernon
Elderly Tenant Moved into Assisted Living - Now what
Got a voicemail today from an elderly tenant's son-in-law saying after several hospital visits, they have moved her into an assisted living facility and she won;t be returning to her apartment.She just renewed her lea...
Anthony Weatherspoon Jr.
Unique Scenario Where Private Money Lending May Benefit?
Hello everyone I'm Tony a realtor in Michigan. I'm involved in a unique situation in which a client wants to essentially sell his home and still live in it.He took out a loan which has too high of interest rates curre...
Ryan Proffit
Private lending agreement and tax implications
Hello team,My partner and I are currently trying to purchase a value add 8 plex. Our banker will let us do 80/20. We are currently at 15%. I recently found a family member willing to loan us the other 5%. I was thinki...
James R.
Beneficial Ownership Information Report for U.S. Government
I originally set up my RE LLC through ZenBusiness. ZenBusiness adds reporting requirements every year. I received the following email below from them. The rule went into effect January 1, 2024.
Have any of your al...
Kim Hopkins
About to Lose a Killer Deal to Sell Our Building B/C Tenant
Hello All! I'm hoping someone has a miracle idea because we are all out of ideas on our end! Situation: - Killer opportunity to sell one of our warehouses in Portland, OR. - No debt on property. - Tenant is wood worke...