Marcus Cathren
Military overseas and using a VA loan
Does anyone know if I can use my VA loan while I'm overseas? I'm stuck on the "intent to live there" part with the policy. My plan was to purchase a 4plex and rent out 3 of the units and saving one for my home on reco...
Jeff Krasowski
Moving out of my condo, and renting it out
Hey everyone! I appreciate the wealth of knowledge and experience here. I have a condo that I've lived in for five months (conventional with 10% down). I have identified a renter that I would like to present to the bo...
Sarah Buchanan
Credit checks on ALL adult tenants?
I have the following tenant situation applying for my current open property: Husband with stable job who exceeds 3x income, wife who stays home with kids (no income) and mother of wife who is also employed. Husband ...
Rogelio M.
Lender "Mortgagee Clause" vs. "Additional Insured" on Insurance Policy to Property a
Ref: Lender "Mortgagee Clause" vs. "Additional Insured" on Insurance Policy to Property as CollateralHow specifically should a private lender be mentioned on the owner's insurance policy to a property used as collate...
Nicole L Redwine
Title issues -- does anyone have experience/wisdom?
I recently bought a piece of property in my hometown. Prior to closing, there was some issue clearing the title. Not sure what exactly the issue was, but I do know the seller was one of those Quiet Claim deed compan...
Erin Anderegg
Due Diligence Checklist
Hi all,I am working to get my first property under contract (currently a SF, the other MF offer wasn't accepted). I want to make sure I am looking at all the right things once the property is under contract to ensure ...
Randy Babineau
Should I create individual LLC for each of my 2 properties?
Hello All,
I recently purchased a 4 unit property using a conventional mortgage. This is my second multi-family property that I now own as I have a 2 unit property as well. For the 2 unit property, I setup an LLC wh...
Wade Penner
Should I collect first month's rent in advance through Cozy?
I have tenants moving out 6/30, and I listed a couple units to be safe. I'm nearly finished vetting renters for both units, and now I need to determine 1) I will for sure collect the security deposit at the lease sig...
Dimitra Manou
I'm looking for advice on a commercial property deal
I have found a commercial property (zoned ccg2). The property is 1,080 sqft/ 2bd/ 2ba/ lot: 0.25 acres/ year built: 1930. The property is vacant at the moment, I found an average rent of this area and it needs full re...
Belinda R.
Wrap around mortgages
Who pays the insurance and property taxes on a wrap around mortgage? As of now, my taxes and insurance is not financed into my loan. If I owner finance and do a wrap around mortgage who's responsible for the taxes and...