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6 October 2024 | 8 replies
Here is some info on that as for"skin in the game".Gift funds are acceptable as 100% down payment for loans <75% LTV/CLTV Gift funds are acceptable for loans >=75% LTV/CLTV; however, the underlying Borrower(s) must contribute at least5% of the transaction (lower of Purchase Price or Appraised Value) from their own fundso Example: A $500,000 purchase price where the LTV/CLTV is going to be 75% or higher would require the borrower to have a $25,000 of their own funds provided ($500,000 x .05% = $25,000)
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1 October 2024 | 29 replies
For example, I’m doing three side by side duplexes and it’s costing me $135 psf, but I had to spend an extra $10k per foundation because of bad soil, and the smaller the property the higher the cost psfI’m working on a 28 unit with elevator, demo required, green roof, and it’ll cost me around the same psf as the duplexes.I’m doing three side by side triplexes which are full renovations, basement digout, all new facades, and that’s costing me about $106 psf for construction Non of these numbers include architecture, geotech, MEPS, environmental, utility plan, or finance costs
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4 October 2024 | 8 replies
Hello @Huiping S., To report losses from Hurricane Helene on tax returns, affected individuals should first confirm if the area is a federally declared disaster zone, as this allows for casualty loss deductions.
5 October 2024 | 5 replies
Just do some research.You're only other real option is to meet appicants in person to get their signature(s).
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6 October 2024 | 12 replies
Quote from @Bill S.: @Meghan Begue - I have investigated moving to STR to increase cashflow.
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6 October 2024 | 15 replies
Quote from @Nicole S.: I'm not THAT person that posts negative reviews.
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7 October 2024 | 8 replies
As an example: Originally our 10x20's were $65, then per the above we increased to $75, now we will increase to $85.
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4 October 2024 | 8 replies
Real Estate investing is never easy and you will come out better after this situation for the future.Thoughts on renting out the condo, living in the house and renting out the other room(s)?
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4 October 2024 | 5 replies
Quote from @Kevin S.: @Melanie BaldridgeAnd what happens if not sold in six months?
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7 October 2024 | 15 replies
Not sure if this is necessary but I have my own landscaping business that I work for making me self-employed or in the "S-quadrant" of "The Cashflow Quadrant".