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3 February 2025 | 2 replies
@Frankie Lotrec if you have an existing loan on the property and you plan to legally convert from a 4 unit to 5 unit , you should check the loan documents because you’d essentially be converting it to a commercial property, since 5+ units is considered commercial and subject to different appraisal approaches and so it would rule out the property being considered for purchasers utilizing residential financing.
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5 February 2025 | 8 replies
Get it under agreement for less than asking price and offer to bring the loan current and have them carry that loan.The way I see it is they are just getting MLS properties under agreement - the last five I looked at had been sitting on the market for more than 150 days (overpriced) because the payoff of the loan would not be satisfied at lower price point.
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4 February 2025 | 26 replies
In fact they are more involved with the day-to-day than I am a lot of times.
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29 January 2025 | 24 replies
We’re not used to seeing emergency declarations as frequently as they do in Florida.Our borrower is a local rehabber with a property scheduled to be funded today and close tomorrow.
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17 January 2025 | 19 replies
I did make sure they got the utilities switched over in to their name which took a few days.All in all, it was maybe 7-10 days left in august by the time they got all the utilities switched etc.
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13 January 2025 | 45 replies
Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.
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5 February 2025 | 3 replies
I work a W-2 day job and have my own electrical business.
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31 January 2025 | 7 replies
My adu would be about 15-25k to install.
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27 January 2025 | 6 replies
The content in that audio, changed my entire life and to this day has me conscious of what I am thinking about.
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3 February 2025 | 31 replies
People that think they’re going to quit their day job because they bought some rentals.