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22 February 2024 | 9 replies
The cost of the materials was $1,500, and including labor I’d estimate this cost me about $3,000.The property manager never ran this by me or gave me an indication these project would be completed.Our service agreement is clear that written consent is needed when costs exceed $1,000 and in this instance these were not repairs and requirements needed to rent the property.
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21 February 2024 | 9 replies
For instance, in my market: $200k-$250k C-class, $300k-$350k B-Class, and $400k+ generally A-class.
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21 February 2024 | 0 replies
In this instance, the location posed creative obstacles due to the neighbor's frequent collection of vehicles near the driveway, encroaching on the property at times.
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21 February 2024 | 0 replies
Personally, this could not be worse news for my buyer/investor focused growing business, however my role is not going away anytime soon..For example, there have been numerous instances where the amount of price negotiation exceeded my compensation or transactions that without my (or a professionals) participation would likely not be as efficient, feasible or successful.
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22 February 2024 | 43 replies
Wally Amos of "Famous Amos Cookies" got hs start by handing out freshbaked cookies.
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21 February 2024 | 10 replies
The flooring is ready to be replaced and I have considered having LVP installed but wonder should it be glued or free floating or should LVP be avoided altogether in this instance?
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20 February 2024 | 15 replies
For instance, if you're thinking $2,000 in rent but have a $1,500 mortgage, $200 extra in property taxes, and $100 for insurance, plus a 5% chance of no one renting and another 10% set aside for fixes, your estimated cash flow might end up at -$200.
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20 February 2024 | 1 reply
For instance, a lender might require a minimum DSCR of 1.25, meaning the property's income must exceed its debt obligations by 25%.Significance of DSCR LoansDSCR loans play a vital role in commercial real estate financing for several reasons:Risk Assessment: DSCR provides lenders with a quantitative measure of a property's ability to generate income and repay debt.
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20 February 2024 | 16 replies
So I guess in this limited instance we are private lenders.
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19 February 2024 | 6 replies
I have been speaking a lot with PMLs, specifically the one's that offer 100% financing LTV and LTCMy concern is that they keep asking me for a loan origination cost, which seems like a scam to meFor instance, one offered 100% financing and then once I completed the application, she asked for about $3500 for the loan origination fee.