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5 July 2024 | 2 replies
For example one big row of 15 units isn't optimal but if I want to break them up I would have to have 20' between blocks, which would kill yield.Instead of waiting for them to modernize their multi-family regs (at least a year out, maybe two) or sucking it up and living with the costs as things stand, I could instead do 5 "triplexes" of single-family + 2 ADUs and bypass some restrictions (only 5' setbacks between blocks, 1 parking space per ADU unit instead of 1.75, etc.).But I'm concerned that Seattle builders may quickly move away from this strategy as HB1110 will (in Seattle and many other larger cities/counties, but not mine) soon enable sixplex townhouses in pretty much all the areas where the condo-ized ADU strategy has been mushrooming.
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7 July 2024 | 14 replies
Choosing the best vacation rental loan option: Traditional/Conventional vs Non Conventional/NonQM.
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7 July 2024 | 17 replies
Quote from @Rodney Menendez: @Peter Dukaj yes we are still finding lots for around $19k in Lehigh Acres with no issues for construction still a soft market and utilities are going to run way more than public sewer and water taps. it all ends up being the same. 40-50k for a lot no matter how you skin the cat. plus all the site work required for those lots is more than double what a traditional infill lot requires in miami or columbus for example
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12 July 2024 | 281 replies
I send a tree contractor as I live far away and my local Property Manager has been dropping the ball on significant maintenance items lately and I have decided to bypass him on this one while I figure out what to do long term for maintenance.
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6 July 2024 | 0 replies
We went for a traditional bank loan and used the equity we had immediately in the property to finance our second home, which we currently live in, but are turning into a rental property.
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8 July 2024 | 21 replies
Traditional agents rely heavily on MLS listings, which is why you're not finding the numbers you're looking for.I've been doing this for 20 years, and trust me, it's worth spending more time finding the right specialist rather than focusing solely on properties.
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7 July 2024 | 30 replies
The terms may also be not as competitive compared to a traditional institutional hard money loan, since there is more risk and less funding readily available from individual private money lenders.
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4 July 2024 | 0 replies
With the goal of maxing out all 10 of my traditional 30 year fixed mortgages.
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4 July 2024 | 1 reply
I've traditionally relied on an Excel sheet, but it's not always convenient when I'm away from my computer.I recently came across an online calculator that seems to provide detailed metrics, including Cap Rate, IRR, and others.
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4 July 2024 | 1 reply
Traditional financing How did you add value to the deal?