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2 January 2025 | 1 reply
I asked the GC as part of the conditional last $20k payment to transfer the title to me after his mortgage note default since I'd paid him $40k in good faith for work reportedly completed but needed rework.3.)
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13 January 2025 | 0 replies
We purchased 133.7 acres January 20th of 2024, we then proceeded to subdivide 4 building lots, ( two 10 acre lots, and two 2 acre lots) which included costs associated with septic testing, survey & subdivision, and property maintenence required to market the building lots.
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21 January 2025 | 10 replies
In that they will detail the scales they use, including at which level of renovation it's possible to get things "reset" so it is appraised as if it is a new built property.
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15 January 2025 | 14 replies
You should be able to do a pretty decent update with $50k (purchase price not included).
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10 January 2025 | 9 replies
When I ask for an income report, I received a spreadsheet with multiple units.
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17 January 2025 | 3 replies
If your property management company is good and has built an internal maintenance team which has set rates and had strong relationship relationships with licensed contractor which should keep costs in control, you should never need to shop contractors on your own I wouldn't think.So in short, our policy is give us your preferred contractors upfront if you have them, but then we work all tickets to resolution including dispatch, and payment of invoices.This is of course for operational expenses.
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19 January 2025 | 11 replies
That might include things like adding units, converting commercial space to residential, or finding ways to boost income (like adding parking).The key is recognizing opportunities while walking the property, and that takes experience.
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19 January 2025 | 46 replies
Many billionaires and celebrities own property there, including lots of Americans.The infrastructure is top notch.
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31 December 2024 | 22 replies
FINCEN will administer this.Who is Included?
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14 January 2025 | 23 replies
It's the same idea.FYI I've seen subto contracts which provide for ~$50,000 in liquidated damages against a seller that reports the sale to the lender and that results in the loan being called.