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30 August 2024 | 4 replies
A brief summary of revenue, costs, and expenses incurred within a specific period.
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3 September 2024 | 32 replies
We always do a 15-business-day inspection period and advise the seller that we will need access to the property, which usually takes 2 to 3 days to get our financial partners and contractors to the site.
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1 September 2024 | 0 replies
In the ten-year period beginning with Q2 2014, the Downtown submarket has experienced the greatest introduction of new inventory, 19,373 units, amounting to 21.7% of all new market rate rentals added to the market.Asking and Effective RentAfter finishing April with no change, asking rents climbed by 0.3% to $2,381.
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1 September 2024 | 79 replies
MLS, direct mail, through a wholesaler, etc.The property can be located in PA or NJ, they do not care.We have to send them a detailed comp reportWe have to have our GC's come out for bids (on our dollar)We have to have our inspector come out (on our dollar)We have to get the property under contract with a 10 day inspection period before we can show it to them or have their inspector come outThe contract has to be assignable$50,000 is the profit they ask us to shoot for6-8 week rehab time, no structural issuesOnce we find a property and get it under contract, we must immediately pay $795 for their inspector to come out, send them our comp report and our GC estimates.
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30 August 2024 | 6 replies
Can I use rate and term refinance to pay off my hard money principal (including rehab portion) until the 12 month seasoning period until I can cash out?
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30 August 2024 | 0 replies
But, what they also sell is discontinued and misordered Lowes and Home Depot Merch.I have purchased over $200,000 of building materials from FTA.The number one item they have (and only periodically) is bath and shower tile.
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29 August 2024 | 13 replies
The longer the hold period, the harder to sell to investors..for syndications.
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30 August 2024 | 1 reply
Complex Contracts: It’s crucial to have clear agreements in place to avoid misunderstandings.Watch out for vague contracts, high option fees that seem unjustified, and properties that aren’t well-maintained during the rental period.
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31 August 2024 | 10 replies
And then they'll likely charge you 3 points and 10 to 12% interest on the construction loan for a 9 or 12 months period - with 3 month extensions.That is what you'd be looking at with the national lenders.
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30 August 2024 | 8 replies
It appears the issue was discovered and remediated quickly, so it's doubtful the tenant was exposed to anything in significant amounts or for long periods.