All Forum Posts by: Chris Huang

 Thanks Gino, will do -- I love your MF podcast!!!

Yes, understood - we're preparing for when/if that distressed opportunity does occur (2024-2026).  Not sure, of the lending standards or guidelines for commercial loans.  We'd  like to be prepare/ready for what is coming on the horizon.  Thank you.

Hello -- 

We're interested in multi-family (commercial).  Is there any mortgage broker you could recommend for a MF newbie?

Looking for investment opportunities, somewhere between 1.0 - 2.9M.

Thank you.  

@Eric Greenberg  Yes, I want to know how the process is done and how much resource/time is required.  If you have any insight, that would be greatly appreciated it. Thank you.

@John Knisely, Do you have any recommendations to rezone a single dwelling to legal 2-family?  Just curious about the entire process (fee/cost, wait time and other permits, etc).  Seems like a good investment if you can convert a property into a duplex.  Below is a zoning appeal from a property we're looking at right now.  Thank you. 

Thanks Nikia, We got a quote from another company for liabilities, fire and hurricane coverage only. 

Recently purchased SFH (32244), State Farm quoted us $940 (loyalty discount rate) for property insurance.

State Farm contacted us this week to inform us that they will no longer carry our policy in 14 days due to the 4-point inspection (roof).  Their underwriters aren't comfortable with insuring a property when the lifetime expectancy for roofs are typically 20 years, we have 2-3 years warranty left.  The townhouse was built in 2003 and the roof looks to be in excellent condition with no issues, as per inspector. However, inspection report can only reference to when permits were pulled or when the house was built (18 years ago).

I'll need to find another insurance company or possibly install new a roof.  

Any suggestions or similar experience?

Thank you.  

Thanks Jinkai, you're awesome!

@Jinkai Gao  Wow, how did you know it was about Dongan?  Sewer backup in 2018? Thanks

@Drew Donovan @Jinkai Gao @Zahid Ali - thank you for the quick response, much appreciated!  :)

The fee is $300 to have a corrected violation cleared from the record. Download a Dismissal Request form.

Would that be $300 x 12 = $3,600?  I'm thinking about asking the seller for $8k in concessions, good/bad?  

The property was listed below ARV and sold as-is, therefore I think this would be a win-win situation.