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30 August 2024 | 17 replies
I think #2 is going to be the biggest issue here.
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27 August 2024 | 12 replies
., 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.
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29 August 2024 | 5 replies
My biggest suggestion is to go meet with the city in person as that is much more effective than calling in.
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28 August 2024 | 9 replies
I think the biggest negative right now is the amount rentals in the area as the investor focus has moved to this area now.
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30 August 2024 | 9 replies
Biggest question on my mind is when all those funds that were paying over par for loans a few years ago, going to rise to the surface in insolvency.
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29 August 2024 | 43 replies
The biggest issue will be price, especially if there are a lot of listings.
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29 August 2024 | 14 replies
Aside from financial risk, to me the biggest risks were lack of knowledge, experience, and contacts and so by working with turnkey providers I've attempted to mitigate those risks by relying on them.
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30 August 2024 | 12 replies
I am just one person with one experience but I will tell you in my experience the property managers I've dealt with have been the biggest thieves of all.
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28 August 2024 | 12 replies
Most of the biggest spenders will plan for a holiday weekend far in advance.
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28 August 2024 | 6 replies
Biggest mistake I see investors/buyers in Denver or Colorado Springs make is that they get bogged down in finding the "best deal" and end up not buying at all.