Zoe Lee
Contract with water damage co still valid after denied coverage?
We had sewer water backed up into a multiplex a couple of weeks ago. Our PM sent a water damage company onsite to extract the standing water on emergency.Later the company called and asked me to sign a contract so the...
Stephen White
Adverse Action Letter for denying tenancy is now in FilePlace
Remember that if you are denying an applicant tenancy based on their background check you must provide them with an Adverse Action Letter.
This also applies if you alter the conditions given to accept tenancy, ie. d...
Jason Maestas
Help! Denied a Cash Out Refi Using Capital Gains Income.
Hi BP,I am trying to do a cash out refi on a single family property which I purchased cash and renovated. My primary source of income is capital gains income through flipping. I was told by a lender that I cannot use ...
Andres Blandon
Appraisal Gone wrong turns to a Denied loan... Pls Help!
Good Morning, I have a contract for a property in Pensacola, FL that I need to close quickly. The private lender I was using had an issue with a report the appraiser did, and i'm trying to figure out how to go about i...
Adam Azam
how do to tell tenants their application has been denied?
Just wondering. I have a current vacancy and the last few people that's called about it were 2 convicted sex offenders and 1 known druggie that has limited income and a troubling criminal history. I'm struggling with ...
Harrison Biddulph
Section 8 HUD Rent Increase Approval Tips - Recourse if Denied
I recently purchased a property that already has a section 8 tenant in place. HUD pays 100% of their monthly rent. Id like to know your experience when requesting a rent increase through HUD. Please note: I understand...
Jon-Michael Veronesi
Can a tenant that broke the front door deny replacement?
A tenant broke the front door during a domestic incident where the cops were called. I temporarily fixed the door and ordered a new one. Because of Covid, the door didn’t come in for months and then it was winter and ...
Marc Izquierdo
Speaking to one of the multiple denied applicants about denial
Hi Everyone,I am denying two applicants (co-applicants) that applied for one of my units. The two applicants are not married. I mainly communicate with one of the applicants. After I denied them, she is asking for ...
Aisha Brown
$150K in Savings Account- Just got Denied by my Bank
Hello everyone! I am new investor in SC and I am eager to get started with buying my first rental. I thought that I would be a shoe in with getting approved by my bank because of the fact that I have over $150k in sit...
Breonna Mahana
Lenders; Denied on Pre-Approval, no consistency! Why is this?
I genuinely need answers from professionals. My husband & I have spoken to 6 different lenders. Each one we have spoken to gave us a different answer to why we can't get approved, please help me understand why.
O...