13 December 2024 | 4 replies
Rules/policies are subject to change and selling units in some buildings can be challenging.Condos, on the other hand, typically have more lenient rules/policies oftentimes allowing for unit owners to rent their apartments immediately and indefinitely.The rule flexibility, however, comes with a price.

17 December 2024 | 42 replies
(typically not).

13 December 2024 | 13 replies
If so, what will be the typical time and cost to pull the permit for such a project.

17 December 2024 | 17 replies
I am typically managing 5-10 construction projects at a time.

13 December 2024 | 7 replies
To estimate closing costs and monthly expenses for a multifamily property, closing costs in New York typically range from 3-6% of the purchase price.

14 December 2024 | 6 replies
., after a divorce or separation), you may qualify for a second FHA loan for your primary residence.Non-Occupying Co-Borrower: If you were a co-signer but did not occupy the original property, you may qualify for another FHA loan as the primary borrower.Important Note: FHA guidelines typically require you to demonstrate that the current property will not meet your needs or is no longer feasible as your primary residence.2.

17 December 2024 | 14 replies
Here are some options: Hard Money Loans: These are short-term loans typically used for the purchase and renovation of properties.

14 December 2024 | 13 replies
Typically this is not something that is done very lightly because they want certain things in certain zones.

11 December 2024 | 6 replies
There is no given answer here, because the whole property needs to be relatively consistent.Kitchens and baths are the common answer, but if they are passable and you choose to invest in them anyways at the expense of peeling paint (or off putting exterior color) and overgrown landscaping, the appraiser and tenant will be walking up with a bad taste in their mouth, thereby not valuing the interior work you have done.But think about the general flow of someone looking to rent: more bedrooms will typically dictate more rent.

13 December 2024 | 9 replies
It’s always smart to do your homework and make sure the provider’s model aligns with what you’re looking for.As for fees, management companies typically charge 8-10% of the monthly rent.