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11 December 2024 | 6 replies
If you have not put them into service yet then you may want to hurry up and do that otherwise you’ll have to wait until next year.
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14 December 2024 | 4 replies
With TOU service you charge it at night for 5-7c/kw and use it during the day to arbitrage the price difference.
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19 December 2024 | 22 replies
I’m in the La Jolla area, but service all your targeted locations.
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17 December 2024 | 16 replies
Structuring the Deal with a PartnerWhile your partner cannot directly participate in the loan, there are ways to structure your arrangement to reflect your 50/50 partnership:Option 1: Post-Purchase Equity SaleYou obtain the 203(k) loan in your name as the owner-occupant.After closing, you sell your partner 50% equity in the property via a quitclaim deed or similar legal instrument.Your partnership agreement would outline each person’s roles, responsibilities, and share of profits.Note: Be mindful of FHA’s rules around title changes and ensure this doesn’t violate loan terms.Option 2: Partnership Contribution AgreementYou both contribute to the down payment and renovation costs as outlined in a partnership agreement.Your partner’s contribution could be recognized as a share of the equity in exchange for funding, services, or property management.The partnership agreement would detail how profits, responsibilities, and equity are split.Option 3: Joint Venture AgreementStructure the deal as a joint venture, where you own the property personally (required for the FHA loan), but profits and roles are split per a formal agreement.Your partner could receive equity-like compensation through profit-sharing without being on the title.3.
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17 December 2024 | 22 replies
@Chris Clothier I believe this gentlemen could possibly be interested in your services.
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14 December 2024 | 42 replies
.: I would only buy single family homes in the best locations I could afford rather than messing with multifamily and less great locations, and I would use my local credit union for loans because they keep them in-house and service them in-house, so that I wouldn’t have to deal with loans being passed around among all the sketchy loan servicing companies.
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12 December 2024 | 7 replies
The city of Chicago has made a huge push to get rid of any lead service lines, so it's no surprise you have to mess with that.
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14 December 2024 | 13 replies
So far I have not had good customer service.
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3 December 2024 | 26 replies
I should note that that I was using Baselane's banking service to collect deposit and rent, and had moved the funds immediately to my private bank after I collected (thank god!).
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12 December 2024 | 17 replies
Therefore right now I'm considering using a service for submetering and then billing separately (currently I live in the ADU and rent out the main house).Does anyone have experience with this?