Rian Ash
Joint Account- How are they considered for D/I Calculations?
Hi BP Experts,Here is the scenario I am exploring and would like your advice. My wife currently can't qualify to buy a property since she doesn't have enough in reserves. I have a brokerage account wherein the balance...
Francois D.
Real estate note management software for small amount of notes
Hi,
I own a few seller financed notes and I am looking for an inexpensive software to manage the production of statements and end of year report. Does anyone have any recommendation? I am finding a lot of softwares f...
James Zhang
Delayed Financing on a triplex in Ohio
All,I was wondering if anyone could recommend a good mortgage lender who is willing to lend more than 65% of the appraised or purchase price for a triplex in Ohio. This would be a delayed financing. I am purchasing ...
Syed Khan
Putting together a portfolio prior to meeting with the bank
Hi Everyone,I have a meeting coming up with the VP of a commercial loan bank. I have successfully fixed and flipped one property so far. I would like to get some ideas on what I should include in my portfolio prior to...
Emerald Sie-Duke
An Employer that does not provide pay stubs (but writes checks)!
Hi,I am currently screening tenants (mother & daughter) for a 4bdr/3.5bath home. One of the prospects explained to me that she does not receive pay stubs and is paid by a hand written check and cashes it. When I ...
Ken Miller
Property Management Mistakes
Hello, I am wondering how many of you have caught mistakes made by your property management company and what you did to remedy them and keep them from happening again. With my current property management company, I ha...
Daine Smith
i need someone to look at pay stubs and bank records to determine
i need someone to look at pay stubs and bank records to determine if they are valid - I just don't have the experience to spot any ideas?
Peggy Liu
Legal or illegal request from underwriter?
Hi BPs!I need your feedback on this. So I've applied for a mortgage loan. The investment property is in Illinois, a 3/2 house. It appears that I've passed all the requirements from the underwriter except for one th...
Anders Jax
How are depreciation & taxes factored in to a property's finances
So when I google Real Estate Income Statement, none of them have depreciation or taxes on the them, like a normally company would.So where the heck is this factored in? Is there is a typical LP/GP structure, with an L...
Chris McDaniel
How do you show proof of funds when using private money?
When you are buying a property off of the MLS, and using private money, how do most of you show proof of funds? Most of the time I am asked for bank statements or something similar, is it the same when using private m...