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17 February 2025 | 7 replies
We handle this all the time it's not difficult, just an extra step.
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7 February 2025 | 3 replies
But you don’t need a new lease to make a security deposit amendment, that’s just a one page amendment.
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5 February 2025 | 38 replies
I am still amazed at all the investors who went from their interest stopping to ( I lost all my money) with out digging into the collateral.
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13 January 2025 | 5 replies
Name of the game for me is speed to move the contract.Currently I have a mass email marketing platform that works well but no one checks their email as much as their texts.
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21 February 2025 | 3 replies
A hands-off garage conversion ADU is over $100, even doing much of the work yourself, it will be much more expensive than your estimate.Single ADU additions in single family zoned areas are typically one of the worse re investments.
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5 February 2025 | 0 replies
Despite facing setbacks, including a year-long renovation process, I tackled the repairs, improved the interiors, and addressed all concerns.
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4 February 2025 | 7 replies
It is one reason most LLs will not accept CCs for rent payments.
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11 February 2025 | 5 replies
Quick question on those who have done seller financing:- Buying a 0.3 acre downtown fort lauderdale multi family, negotiated an around 1M price w lot of development rights, double lot. seller got it way back early 90s for pennies- got good credit 800+, w2 job etc put 40% down and mortgage bank offered 6.62% 30yr fixed (CF negative as this would make current rent roll not too much compared to the PITI)- property is in ok condition, needs 20-30k repairs which seller OKd, and all 3 tenants are month to month, pay bit under market but also ok- seller would like to do seller financing, interest only at 5.75%, 30yr amortization at 7yr balloon (CF would be positive) - id be paying some principal as well, just to grow some equity- buying this deal for the future development of the area (las olas, kushner broward crossing) so not really worried even if we overpay for it now, but never done creative finance as i always relied on a strong W2 job to get good loans but obv im used to 3% 30yr rates from covid times not this 6+ environment..Goal is to hold the property 3-5yrs, and then actually develop it or sell half the land / refinance, pull out HELOC if it appreciates.Questions:1) What does he know that i dont?
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7 February 2025 | 5 replies
I spent 2.5 years getting all the utilities to the property.
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14 February 2025 | 5 replies
I wanted to ask the lenders who are doing business across all 50 states, what challenges have you encountered with lending in new construction when it comes to manufactured homes?