14 February 2020 | 6 replies
My mothers credit is still in the tank at around 580 and her only income is 900/month in social security.
27 February 2020 | 8 replies
For Fix & Flips 90% PP 100% Rehab - There are 100% financing options as well if you can secure a property under 65% LTV
6 April 2020 | 12 replies
Trust me, it's way easier getting financing, and it's nice having the security of some income coming in initially (not to mention health insurance if you're not covered under a spouses).
16 February 2020 | 3 replies
I completely agree with Account Closed "We won't be able to renew your lease after xx/31/xx." with a reminder that they are still responsible for last month's rent and if they leave the apartment clean and damage free they will receive their full security deposit back after move-out.No reason to go into details.
15 February 2020 | 9 replies
A lot of people say oh you always need to personally guarantee because the lender wants to minimise their risk but I know it’s possible.Is their loans secured by the property as long as it cash flows and is at the required DSCR such as 1.25 or above?
25 February 2020 | 8 replies
Have you secured any properties via the auction method?
24 February 2020 | 8 replies
Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.
2 March 2020 | 3 replies
I have regular security agreements, promissory notes and transfer the titles with liens attached to them.
26 February 2020 | 5 replies
., so you may find it difficult to secure an assignee if the contract is poorly drafted or your ask price is way off.1.
26 February 2020 | 4 replies
Ideally, the loan is secured via a promissory note against the one of the properties.