Dave Kay
Question for Loan Officers regarding eviction during escrow
Long story short. In escrow on a 4-unit in rent controlled Los Angeles. In the middle of escrow I found out that 1 tenant is actually 6 months late in rent and I was horribly misinformed from the start. Seller has sta...
Toben B.
Include late fee on pay or quit notice?
Should I include late fees in a pay or quit notice?
I am posting the 5 day letter that Oklahoma requires.
Hopefully this will encourage them to pay but if not, I want them out so I can get a paying tenant in.
Rick Reed
Seeking advice on first rental with existing tenants
I'm trying to decide how best to approach an offer on my first rental purchase. The seller's agent states that the existing tenant would like to stay on a month to month basis, but has no application from them, the...
Ryan Dossey
One week in Punta Cana. What should I read?
My wife and I are taking a late honeymoon next week and will be in the DR for a week. I don't normally have this type of down time and want to capitalize on it. What should I read REI related?
Ray A Delfi
I may have almost been scammed by a lender
I think I may have dodged a bullet here. So I decided to continue the application with a lender I was referred to on the meet up app for an REI group. We exchanged a few emails, but nothing personally identifiable inf...
James Murphy
Preferred Equity in Carried Interest Waterfall
Thought this was straightforward but been hearing from others it may not be:Example: $100 invested in Year 0 and $100 returned in Year 1. At that point in time there is $8 pref balance based on 8% pref terms. Does the...
Matt Devincenzo
Performing 2nd borrower short sale docs?
So a borrower of a performing 2nd just submitted a 'Request for Mortgage Adjustment' to FCI and requested a short sale. All that was provided was a written summary of expenses, and the last 30 days of pay stubs. FCI h...
Ahsan Usmani
Mortgage Brokers - Commission / Structuring Fee
Hi - I plan on doing my first apartment deal in DFW area this year and I am currently researching various banks and mortgage broker for Commercial loans. I have contacted couple of Mortgage Brokers and they told me th...
Ricardo Navarro
I just refinanced. Does my 12 month waiting period start over?
I just recently refinanced my primary residence that I have lived in for 2 years but I want to convert it to now convert it to a rental. I am concerned that if I convert it to a rental I won't be able to get another p...
Chris Gabriel
Assignable Contracts
When filling out a contract with a home owner, and not being sure on whether you are going to buy it yourself, or wholesale it to another investor, what do you write in the "name" section.