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9 August 2024 | 12 replies
From what I see, legal non-conforming property/land is essentially grandfathered for a particular use, despite being illegal under current zoning ordinances.
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10 August 2024 | 14 replies
About 4 years ago we purchased a retail center for cash and after stabilizing the tenancies financed $650,000 at 4% fixed 20 years with this lender. 3 months ago this lender allowed us to wrap their note in a new first lien we provided to a buyer with a 10% interest rate - essentially granting us the right to collect the differential between 10% and 4% on the principal balance (currently $610,000).
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8 August 2024 | 17 replies
It sounds like the transaction is close to closing, which means instead of finding a new buyer, they'd likely be open to reasonable concessions.Included full clause below...FORCE MAJEURE: Buyer or Seller shall not be required to exercise or perform any right or obligation under this Contract or be liable to each other for damages so long as performance or non-performance of the right or obligation, or the availability of services, insurance, or required approvals essential to Closing, is disrupted, delayed, aused or prevented by a Force Majeure event.
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8 August 2024 | 22 replies
Sief suddenly distanced himself from Brian and essentially stopped all communication with investors.
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7 August 2024 | 14 replies
@Jingwen Dunford the principle balance never drops it stays the same at 100K.
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7 August 2024 | 12 replies
They will all have essentially the same product as you, BUT they will have purchased at a much lower price point.
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7 August 2024 | 0 replies
Value was added to the Stowers Road property through strategic renovations, including essential upgrades and aesthetic improvements.
7 August 2024 | 3 replies
Building your "Core Four" is going to be essential.
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8 August 2024 | 22 replies
So essentially, you can't move out and then rent a house by the room.
5 August 2024 | 2 replies
@Chris DoucetteIf it sounds to good to be true....It's possible they are just quoting you their P&I payment, when you are thinking they are quoting you principle, interest, taxes, and insurance.