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6 February 2025 | 0 replies
For projects with 150 or fewer units, the city has 60 days for eligibility review and 90 days for final approval, including design review.
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4 February 2025 | 1 reply
Creative Freedom: You get to design and transform spaces, which can be personally fulfilling.The Bad: Where Flippers Lose Money⚠️ Underestimating Repair Costs: Surprise structural issues, contractor delays, and material price spikes can kill your budget.⚠️ Market Changes: A hot market today might cool down before you sell, which reduces the profit.⚠️ Financing Challenges: Hard money loans carry high interest rates that nibble into the bottom line.Unrealistic timelines: If you think you're going to be in and out in 60 days, you're sadly mistaken-most flips take longer than expected.Real Talk: Is Fix and Flip Still Worth It?
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3 February 2025 | 6 replies
They apparently help you screen for a property, acquire a corporate lease, and design the airbnb rental.
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7 February 2025 | 8 replies
However, it’s also a requirement for properties with lower-level units that could be vulnerable to flooding, even if those properties are not located in a designated flood zone."
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3 February 2025 | 9 replies
Quality of property (newly remodeled, special charm, design) = less headaches with guests 2.
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20 February 2025 | 3 replies
In Illinois, my preference is to use land trusts with a separate LLC designated as the beneficiary.
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30 January 2025 | 0 replies
Department of Housing and Urban Development (HUD) and Bankrate, the big perks of an FHA home loan are:Lower Down Payments: They typically require a smaller down payment than conventional loans, sometimes as low as 3.5% of the home’s purchase price.Lower Credit Score Requirements: They’re designed to help buyers with credit scores that might not qualify for conventional financing.
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20 February 2025 | 25 replies
It has worked out that way when the seller has allowed me to design and rehab.
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4 February 2025 | 5 replies
We built a single family home version of a 2 bed 1 bath with surface parking at cost with no profit all in with land for 175k in newark ohio, a suburb of columbus ohio. when we push that to 3 units and closer to the city for our build to rent model the numbers go way better. a 30k slab for a single family home is 30k, a 30k slab for a triplex is 10k a door. we designed a 2 bed 1 bath design at 668 sq ft and it's very good layout even I would live there, but I would never build anything that small again. there's no economies of scale. you need density and shared lines, resources, shared roof shared slab, shared windows, etc the cost goes way down.
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13 February 2025 | 10 replies
The point is if you're a consumer banking customer you don't offer what their business model is designed for.