Lin V.
Commercial loan financial convenants LOI
We just received loan document for refinancing our commercial loan that we do not want to sign, 10 years loan. Our LTV is less than 50% ( yes no risk at all for the bank, and we have top credit score.We already paid t...
Gabriel Meerzo
What would you do? I have a seller who wants to get out of his 4 plex. Willing to do a lease option - I take over his mortgage payments for 2-5 years until I can refi in my name.
Property is worth 80,000 - 90,000Original loan was 100,000 with a property value of 120,000I would be taking over at 82,000 due on loan at 7.5% (just taking over payments on his mortgage as I can't get conventional or...
Chad Statham
Any forms or templates available for Promissory Notes
I am using my SD IRA and need to create a Promissory Note secured against Real Estate. Does anyone have any resources or examples of such a note for Texas? The custodian also ask for a Mortgage, HUD/Settlement State...
Paul Ellington
Question about Terms of HELOC
My wife and I are scheduled to close on a HELOC this upcoming week and throughout the process banks advertised interest only payments during the draw/advancement period of 10 years. When I received the final paperwor...
Rick Baker
Typical commercial lease
I'm sorry for such a basic question, but I'm not very familiar with standard commercial leases. Ive only dealt in residential rentals. I'm in the process of negotiating a lease on some commercial property for another...
Karen Young
Seller has original deposit
My husband and I purchased a property on May 11th that had an existing tenant. The seller has the original deposit and is not communicating with anyone regarding transferring it, although she has been contacted sever...
Jack B.
Use a return address when returning deposit to sketchy tenant?
I'm sending it via certified mail, and of course not going to put my home address on it. I could use my PO BOX, which seems harmless enough, or the address for the rental which they got kicked out of? I think either o...
Brandi Paul
Short Sale Flips-MLS info
Hello,
I have a question regarding what information is best to disclose in the agent only remarks section of the MLS listing when listing a short sale flip. Do you note that it is an investor flip? It seems to cause...
Blake Woodham
Too good to be true? 4-plex, Hard Money,
BP nation, Got an off market 4-plex. Brings in $3200/month, and in Great condition. New AC/s, tile, etc. Previous owner kept it in immaculate condition. Market value right now is about $320K, I can get it for $250K. N...
Jennifer Salazar
Opinions of Security Deposits/Fees
Good Afternoon!Wanted to know thoughts on a security deposits/fees. I have a property that is going to be rented out at $1450/month. The security deposit will be $1450 as well. Out of the $1450 we take a $250 Non r...