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Results (10,000+)
Marquis Cobb Sponsor for syndication
28 August 2024 | 32 replies
@Marquis CobbI would recommend attending events, such as Raise Fest, and meet ups, to find potential investors and sponsors.
Brad Birky Buyers can't get financing due to zoning
27 August 2024 | 12 replies
Here are the Fannie Mae guidelines for legally non-conforming properties:If the Property's characteristics are legally non-conforming, you must:ensure the Borrower executes the Modifications to Multifamily Loan and Security Agreement (Legal Non-Conforming Status) (Form 6275);confirm whether, if fully or partially destroyed, the Property's Improvements can be fully rebuilt to the pre-casualty condition per current laws, zoning requirements, and building codes; and if the Property’s Improvements cannot be fully rebuilt to the pre-casualty condition, evaluate if the as-rebuilt Property will support the Mortgage Loan at the current Tier, and document your analysis in the Transaction Approval Memo.To assess the Borrower's ability to rebuild Improvements on a non-conforming Property to a level that will support the Mortgage Loan at the current Tier, you should consider: conducting a threshold analysis to determine the resulting actual amortizing DSCR if the reconstructed Improvements cannot be rebuilt as-is per current law; the likelihood of a casualty event (e.g., wind, earthquake, fire, flood, mine subsidence, etc.); the percentage of damage to the Improvements at which the Property’s jurisdiction will require the Property be rebuilt to current zoning and land use requirements (i.e., the destruction threshold); which Property characteristics the destruction threshold percentage applies to, such as market value, assessed value, replacement cost, or unit count; for Properties with multiple buildings, if the destruction threshold percentage applies to each building, or all buildings as a whole; the replacement cost to rebuild per current requirements for zoning, and land use; the Property’s continued marketability, and economic viability; the amount and type of Borrower-maintained insurance coverage required per Part II, Chapter 5: Property and Liability Insurance, Section 501.02C: Ordinance or Law Insurance; insurance loss proceeds payout, compared to increased rebuilding costs, including from building code changes, Americans with Disabilities Act compliance, and the municipality's local zoning requirements (e.g., green compliance for new buildings, etc.); the sufficiency of estimated insurance proceeds from ordinance or law insurance and other coverages to repay the Mortgage Loan in the event of partial or full casualty, or condemnation; and for a Tier 3 or Tier 4 Mortgage Loan, if requiring execution of the Limited Payment Guaranty (Form 6020.LPG) would mitigate the risk of the as-rebuilt Property not supporting a Tier 2 Mortgage Loan.
Cameron Fowler House Flipping // Rehabbing Challenges
28 August 2024 | 11 replies
Having lenders or partners upfront places you in a better and more confident negotiating position and in the event you find a deal and can't find the money, now you lost the deal and have to back out damaging your reputation as a closer.
Tomoko Hale Must have a CPA?
28 August 2024 | 22 replies
To me a license doesn't prove one is qualified for a job.However, having a CPA or EA license allows the individual to represent you before the IRS in the event you get audited.
Sanjeev Advani Southeast Bakersfield Development Proposals Spark Community Concerns
27 August 2024 | 0 replies
Held at CAPK Friendship House, the event featured local developers Max Becerra and Eric Mora, who presented plans for over 1,600 rental units in projects like Mulberry Village and Mayflower Ranch, as well as a 110,000-square-foot retail center with the area's first grocery store.Significant city support includes a 2.5-mile sewer line and plans to annex parts of the area into Bakersfield.
Hitesh Gupta Real Estate Investors Community
25 August 2024 | 7 replies
You can go up top here on BP to the "Forums" tab and then click on "Events/Meetups" and you'll find plenty of meetups depending on what area you are in. 
Shivam Patel Need assistance with 1031 Exchange in NJ
26 August 2024 | 4 replies
@Shivam Patel, Contributions into and distributions from an LLC are not normally taxable events
Steven Westlake Event hall as a rental ????
20 August 2024 | 64 replies
So here’s what I found, an event hall building for sale.
Kristen Franks Wholesaled my very first deal!
25 August 2024 | 1 reply
I hope you had a Plan B, in the event you needed to close. 
Cheryl Daniels Positive lead Dust Test
21 August 2024 | 1 reply
Hi, Cheryl, I know this is an ancient post, but I just happened to run across it and it's still relevant and had no responses, so I figured it wouldn't hurt if I chimed in.I'm a landlord and I operate a lead dust sampling business in Philadelphia, Delaware and Montgomery counties in PA.