Jayme B.
Need help figuring out buying power
Hi all - I just went through a lengthy process with a lender to figure out how much they would lend on an investment property based on my income and other factors. They gave me a qualifying income range but I'm not su...
Steve Hiltabiddle
Notice of Default - Process and options
Hey Lenders, I'm going through my first default process on a private loan for an investment property and I've done so with the assistance of an Attorney. However, I’m curious how much of this process needs to be d...
Chaelynne Hernandez
Here goes nothing...my first MTR
Have read the Brandon Turner series of books - CHECKHave read the American Nomad and 30 Day Stay books - CHECKHave just listed on Furnished Finder and completed the verification process - CHECKWish me LUCK! MTR avai...
Jose Martinez
Shortsale with no cash!!
Hello yall, im working on a short sale deal but with a potential of a good value. However id like to use either private funding or hardmoney. This will be my first deal and i have questions.
Most Important is i wann...
Radley Estrada
Multifamily Properties And FHA Loans
I've been looking into multifamily properties, and some of them accept FHA loans and some don't. I figured maybe it was due to the property's price. But interestingly enough, I saw a $400k duplex that takes FHA loan...
Natelya Glover
Property Management Software
Can anyone recommend a property management software/app that allows the tenant to pay rent and it is immediately deducted from their account?I currently use cozy which charges them a substantial fee and take a few day...
Erick V.
Self-Servicing a note.. agree or disagree?
Hi all...I know someone who has purchased a few np-notes and he "self-service" them instead of hiring an actual servicing company. I have recommended him to use a servicing company but he says that it is NOT a law req...
Account Closed
Contract Addendum Question
Does anyone know of a good example to use to write up an addendum to a contract? I need to write an addendum basically just to state that an occupancy agreement will be done at closing but the original contract states...
Juan Carlos Gastelum
Origination Fee for a Commercial Property Loan
Do all these fees apply for the same transaction?Fee Structure
Lender’s Fee: A percentage of the Loan amount paid by the borrower to the lender
Lender’s Commitment Fee: This will get paid by the borrower to the Lend...
Kevin L.
Should I Accept a Potential Tenant That Has Low Income?
I am screening for potential tenants and so far, I have found one potential tenant that is the most qualified. However, she has low income ($56k), but an excellent credit score (750+) and a lot of assets ($1MM+). The ...