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12 December 2024 | 2 replies
Here are the playersMe - OwnerOG Developer - Original Developer that improved property before I purchasedNew Developer - New Developer currently building a new subdivisionWater District - Own the vacant land that my sewer line runs acrossCity - Well, The cityTimeline:2007 - OG developer purchases large 1 acre lot with an existing house with the intent to subdivide and create a small PUD.2008 - Improvements are made (new street, sewerlines, storm, power, water) are brought into the subdivision.
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18 December 2024 | 3 replies
These plans call for six blocks, with buildings totaling 2.5 million mixed-use square feet, and a renovated 14.2 acres of open space with brand-new amenities and improved access.
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11 December 2024 | 8 replies
These loans allow buyers to purchase a property “AS IS, WHERE IS”.Renovation loans are available in 30, 20- and 15-year fixed rate terms and can be used to purchase owner occupied, second home and investment properties.By time the renovations are completed, the home needs to be in move-in, live-in condition and conceptually ready to be resold without repair issues.Other Important Items to Know about “Conventional” Renovation LoansMaximum – Minimum Purchase/Upgrade Amounts:Maximum: Limited to 75% of the “after improved” valueOccupancy: Primary, Second Homes, Investment PropertiesUnits: 1-4 unit propertiesRenovation Term:The renovation term for this program is a maximum of 180 days.The Borrower(s) is responsible for the work being completed within the escrow period.
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13 December 2024 | 7 replies
This is a good thing if you want to do some rehab, but again, you must be very strategic about how much money you put into a place, knowing it won't naturally appreciate beyond what you create in improvements.4) We're having a bit of a zoning crisis.
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15 December 2024 | 18 replies
No one in my family really does real estate except for my mom which rents in PR and a couple houses in Dominican Republic but these were things that happened by chance (DR houses were inherited and PR was our primary residence when I was little) ...
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12 December 2024 | 7 replies
With risks bring the higher chance the cards will collapse.
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11 December 2024 | 6 replies
@Jewell ArceneauxHow to drive ARV (my opinion)Improvements that drive the ARV the most: Roof, New Kitchen & Bathrooms, Flooring, PaintImprovements that DON’T drive the ARV as much: Windows, Landscaping, Driveway, Rough Plumbing & Electrical
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11 December 2024 | 3 replies
Your chance of success is much higher that way.
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27 December 2024 | 93 replies
Our average construction time is about 8 months after permit is issued and we are always improving.
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12 December 2024 | 5 replies
Luckily, I didn’t give my real last name, and I actually live and work in Southern California so there’s little chance this will be linked to me or my case.