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22 October 2024 | 4 replies
For example, on what I thought was a relatively simple project in a bathroom reno which was fully gutted down to the studs already, I had more than one quote for over $7k to run pex supply lines and rough in a shower drain and toilet drain off of an existing main stack, all of which ended up costing me about $200 in pex lines, PVC fittings, and sawzall blades.If you need any hardwood flooring repaired, patched, or refinished, you can't beat Dave's Hardwood Flooring out of Blaine - $3k spent with them fully brought one of my duplex unit's original 100+ year old maple floors back to life.If you're putting in any stone counters in your kitchens or for bathroom vanities, Twin City Discount Granite have been awesome to work with, and consistently have the best pricing I've found in the area on fully installed granite and quartz.I also have a great drywall guy, as well as a really good carpet install guy - feel free to DM me if you want either of their contact info!
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21 October 2024 | 3 replies
LLC for Foreign Property: - Is it necessary to form a new LLC specific to the foreign property, or can it be owned under an existing U.S.
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24 October 2024 | 19 replies
This policy will provide additional coverage above what your existing policy covers.
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20 October 2024 | 14 replies
Thanks in advance. 90% cash out doesn't exist. 90% with favorable terms really doesn't exist.Not sure how you got into this situation using hard money (usually they have a tighter lid on the numbers), but regardless, sell the property and try to get out of it before the HML gets a chance to foreclose.
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21 October 2024 | 2 replies
Anyone have any recommendations for lendersMy client is requesting the refinance of an existing industrial building.
20 October 2024 | 3 replies
Conventional loans (Fannie/Freddie) will let you do a cash out refinance as an investment property after the existing loan on the property is 12 months old.
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21 October 2024 | 10 replies
This gives people little reason to choose older existing homes over new developments.
21 October 2024 | 1 reply
I haven't heard of that regulation, but that's not to say it doesn't exist.
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21 October 2024 | 1 reply
Final appraiser remembered that when comps for exact property type do not exist they can opt to value as a SFH and justify value.
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20 October 2024 | 1 reply
This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.