Daniel Green
Not enough income for conventional mortgage
Long story short, my wife and I found a great deal on a duplex that would easily cashflow $600+ each month. After viewing both units and talking it over, we decided to go for it. However, when we talked with our lende...
Adam Scheetz
Should I be Investing with a Time Machine?
Now that I got your attention, let's talk about Short Sales and whether/when they are a good fit.First, some context:A Short Sale is when the NET proceeds from a Real Estate SALE will fall not cover the DEBTS secured...
Raj Khadilkar
DSCR - Cash at closing / Cash reserves
Thanks to BP community. Bunch of knowledge out there which we could lean on espcially from overseas. Would apprciate if some of the lending gurus / specialists could guide me on my below scenario
Overseas investor ...
Nathan Gesner
Landlords beware!!! Tenants have a new way to cheat.
A property manager in Florida just received an application from someone using something called a "Renter's Identification Number" instead of a social security number. They've researched it and discovered this new serv...
Reed Mollins
Mistake lease with $0/mo , can i get my tenant to pay?
so, i use an e-payment system, and last summer it generated a $0 lease and sent it to the tenant. That was dumb. But what was worse is that when it came back to my office, my person signed it too! but i'm not done. Af...
David Yuhaz
tenants always late--do we renew lease or not
One of our rental properties is free and clear, and the tenants have been in the home approximately 3 years. This property is being taken care of through a property management company. This past year, the tenants ha...