LO Payments
Okay, so what is a good amount to put aside before signing onto a LO to make sure that you can pay the mortgage in case of the tenant/buyer not paying. 1,2,3 months, how long does it take in Virginia to evict someone, and do I have that right or just the owner. To all you experienced investors, I really don't want to go bankrupt my first deal, so I know that this seems to be a stupid question, but I just want to be safe.
Thanx
I think you first must do your "due diligence" to determine the vacancy rate in your area and how long a similar property is vacant before you have it occupied. I'm sorry but someone from your area that is familiar with Virginia laws pertaining to eviction will have to answer your second question. Good Luck.