Scott Lewis
So many ESO applications, should I just allow pets?
It seems about 90% of my inquiries on a rental include a “ I have one or more ESO’s”. It used to be a trickle here and there, but now it’s just about everyone. It’s more the college age crowd where everyone has an ESO...
Michelle T.
Bank wont allow my LLC to have a mortgage
Hi All!
Looking for some guidance/advice please. I would like to purchase rentals. I've set up an LLC and then went to the bank to talk about my plan and see what finance options I have. The bank tells me they won...
Lynn McGeein
Anyone allowing Tenant to Pay by Email or Text?
Does anyone have a review, success or failure, of using the new "pay by email or text" services banks and/or Paypal is offering. It appears to be a free service to both individuals where one person can use their acc...
Neil Aggarwal
Texas rule allowing use of a third party RMLO?
Hello:I am trying to find statutes that allow a lender to hire a third party RMLO and not be licensed themselves.I found a statement from HUD on it in this document:https://mortgage.nationwidelicensingsystem.org/SAFE/...
Michael S.
Do the 4 to 10 allowed mortgages include Primary?
I am looking for clarification on how my primary residence impacts my ability to max out the amount of loans I can take out. Regardless if I can do 4 or the maximum 10, is my primary, owner occupied residence (mortgag...
Jody J.
Do Durham developments allow add-on units or conversions?
Hi, I’m likely moving to the Durham area and see from the boards here that it’s a competitive market for investors. Some of the new developments have home designs that look easy to convert to duplexes. Do any of the H...
Peter Grosso
Statefarm only allows four rentals for an umbrella policy
Hello All, My Umbrella policy only allows for 4 rental properties. Does anyone else know what insurance companies allow more then four?
Christian Beebe
Explain "Repair Allowance" in regards to closing and buying
Always working to learn here and currently learning about all the ways to finance a down payment and one of the lists we had read mentioned using a repair allowance. You inspect the property and determine what need t...
Ade Wilson
What’s the highest DTI banks will allow on HELOC
I’m thinking about taking out a Heloc on my primary property. I have over 600k in equity and want to invest in some rental properties with the funds. Anyone know the max DTI banks will allow for Heloc right now? I’m ...
David Williams
10yr lease: What clause will allow Renter early exit?
I'm the renter of a commercial retail property in Colorado. I've been offered a 10yr lease at $18k/yr. Landlords in CO are required to make effort to re-let property. I don't want to assume excessive risk as I'm 5...