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22 June 2024 | 4 replies
It will be difficult but not impossible to find a lender that will take second position and very likely the first lien holder will be apprehensive to a subordination agreement..The terms will not be as favorable likely in the 7-8%'s I/O but on a new mortgage there are investors that theoretically can finance 'unlimited' units..I think with our team it's 250+ up to $100M.
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23 June 2024 | 7 replies
Our concern is that fencing off property lines could restrict our access.Based on feedback from Tom and Peter, it seems prudent to involve Title Insurance to negotiate on our behalf for a favorable resolution.
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22 June 2024 | 0 replies
Together, we negotiated favorable terms with the seller, ensuring a swift and beneficial transaction.
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24 June 2024 | 8 replies
Many months of rates moving at most a few basis points a week morphed into dramatic, massive movements—with bigger changes sometimes happening in one day than had occurred in quarters or years prior.Real estate investors navigating the challenging market of 2024—with mortgage rates still at elevated levels—are at an advantage when they can lock in financing terms or plan purchases while DSCR loan rates are favorable.
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22 June 2024 | 0 replies
Together, we negotiated favorable terms with the seller, ensuring a swift and beneficial transaction.
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22 June 2024 | 0 replies
Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.
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22 June 2024 | 14 replies
Do yourself a favor: buy "Every Landlord's Legal Guide" by NOLO.
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21 June 2024 | 12 replies
Even if your error was one that made the lease ambiguous, most states have laws that favor the party that did NOT write the contract (lease).Since your error was not even ambiguous, I don't see how you could fight it.
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21 June 2024 | 0 replies
Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.
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22 June 2024 | 5 replies
Quote from @Daniel Mendez: Do yourself a favor: buy "Every Landlord's Legal Guide" by NOLO.