Kelley B.
Quickbooks a requirement?
We will acquire about 3 rentals this year and we plan to flip 2-3 SFHs also.Is Quickbooks a 'requirement' to keep everything tidy for the CPA or can it be done in a spreadsheet just as well?Any links to good Excel spr...
Alain Perez-Majul
Loan Servicing Requirements?
Hey guys, not sure if anyone would know, since this might be kind of random, but:If I'm wanting to start a small "loan servicing" company that is looking to handle PITI between sellers/lenders and tenant-buyers in se...
William Jenkins
Personal Guarantee Required?
Looking for a little insight from some of the other markets out there in terms of financing. Has anyone been able to finance any of their properties without a personal guarantee?
Before the bust it was game on fo...
Kris L.
FHA loan requirements
If I used an FHA loan in the past but my now wife has never used one, do we have one available as a couple?
Nicholas Sanchez
Renters Insurance Requirements
Hello!I was asked this question from a friend who is renting, so I told him that I would try to get some info. He currently has renters insurance and is living in Minneapolis until July 31. He will be moving in with g...
Jacob Beg
FNMA foreclosure requirement
Hi All,I am unable to find a definitive answer through FNMA guidelines and hope someone can shed some light.While going through a mortgage for an investment property, underwriter asked my dad to confirm that the forec...
Kristen Watts
Dryer voltage requirements
I recently purchased a SFH that has a washer hookup but no dryer hookup. The homeowner was using a clothes line to dry her garments. Does a dryer always need a 220 outlet? Even the units that are all-in-one? Appreciat...
Cin Khai
Refinance basics requirements
What are the basics that I should know about cash out refinance? What is seasoning period? Is there a minimum amount requirement? And any other things I should consider. Thanks in advance.
Bret Gillespie
Primary Residence Requirements
So my wife and I are looking at options to add a property without having to put a ton of money down and thinking about changing our primary residence, however, still want to stay in our current home at least part time...
Dennis Nikolaev
Heloc reserves requirement.
I am considering to take a HELOC out of my free and clear rental. I do have 6 units.The first agent I spoke to said that I got to have 6 month reserves on ALL of my properties. That is like 40k just chilling in checki...