Mike M.
Rental Applicants - Capture SS# when using SmartMove?
I'm going to use SmartMove for my credit and criminal background checks. I'm finishing up my paper application now and wanted to know if it made sense to record the applicant's SS number on the application? Obviousl...
Chris Drury
REI closing costs tax deductible?
Traditionally some closing costs are tax deductible for primary residence. Does this include REI properties?
Tyler Smiarowski
Need Clarification on purchasing at Sheriff sale
May seem like a basic question but wanted to verify...If I were to purchase a home at a sheriff sale...as long as I purchase the "1st" mortgage on the home I am ok? (not including back taxes, mechanic liens, etc). Reg...
Westin Hudnall
Adding Square Footage Of Concrete
Probably A Simple Question Here :How do you add up square footage of concrete needed for a patio ? Is it any different that adding up square footage of a laminate countertop for example ?Here's what I have :23 foot by...
Anderson Watts
Hard Money Lender Needed
I have a 4 family dwelling located in the heart of New Orleans, Louisiana. I cannot get conventional refinancing because the house is gutted. I need $50K to finish the repairs. ARV would be at least $250K.
Cyrus Lendvay
50% rule as it applies to Condos?
So, people often say that you can expect to pay 50% of the market rent toward upkeep on a place. I'm looking into a condo foreclosure and putting together some initial numbers and wondering how people would apply ...
Josh Jacobsen
FHA Strategy
Hi friends,
I have a quick question for the portfolio builders. I'm in the market for a new house to occupy, already owning and renting one out of state. The mortgage companies balk at the idea of my rental because I...
Rick Rucker
Memoirs of a mortgage broker: Accounting tips=Depreciation!!!
Many folks find out the hard way what items can be utilized as income in a financing transaction. While most lenders view things case by case depending on line of work, almost ALL will include the following expense as...
Lance Knapp
Homeowners vs Landlord Insurance - Owner Occupid Triplex
Hi, I closed on an owner occupied triplex three months ago. I got a standard CA homeowner's policy that is $126/mo with a $1,500 deductible.My Dad brought up that since I have tenants, I may need landlord's insurance ...
Greg Sheldon
Utility options in Ontario?
Greetings Folks!I am trying to find options in dealing with the utilities in a triplex I own. When I purchased it, all utilities were included in the leases. It's an upper/lower duplex (2/1's) with an added attic (1/1...