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8 September 2024 | 13 replies
As such, the only "deals" typically require extensive renovation, because anything that is purely surface level retail buyers will likely outbid you.
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9 September 2024 | 22 replies
I've used VA, Fannie, FHA , a commercial lender and they required extensive docs. my bank statement loans, DSCR, and Seller finance didn't require that much docs.
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6 September 2024 | 5 replies
It went from 85% purchase price covered to 65% even after the deal had been analyzed by them extensively prior.
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6 September 2024 | 9 replies
(Silver Spring and Rockville for instance)
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5 September 2024 | 5 replies
We just added some large property updates this year (heated/chilled pool, fire pit, extensive landscaping) so I am trying to get a revenue projection for 2025 given all of the updates.
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7 September 2024 | 36 replies
Also, they state that if I'm found to have violated these peoples Human Rights, that I can lose my other Low Income Housing Tax Credits (aka Section 8 at my other property).The complaints also state that these individuals suffered "anguish" forEven if we decided to fight this, which we probably would have a decent chance at winning, it will cost me thousands in lawyer hourly billings vs. just paying out a settlement to these people.At this point, my lawyer has filed an extension with NY Division of Human Rights and should be reaching out to the non-profit behind all of this mess some point soon.It sucks because it will be more expensive to fight it and win, than to just take the L and pay them out a settlement.
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10 September 2024 | 43 replies
In other words, you MUST renew the lease of the tenant, except for the rare few instances outlined in the law.
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4 September 2024 | 10 replies
The one we are considering, Family Dollar just exercised lease extension at this location through 2027.
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4 September 2024 | 1 reply
For instance, you can take advantage of accelerated depreciation, especially with STRs.
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5 September 2024 | 4 replies
If the work is not 100% complete by the end of the Escrow period, may implement a .50% (on total loan balance) extension fee that will cover an additional construction term of 60 days.