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2 October 2024 | 3 replies
A couple other tips;you can’t use the renovation loan to finance renovations to the commercial space. only exception is if you need to do repairs to the core structure or mechanicals that are integral to the building (ie, structural work, sewer lines, water mains)Make sure you work with a lender that knows how to do these.
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1 October 2024 | 6 replies
As noted above they're only in 18 feet which is not going to get you to the main unless your house sits right on the street or similar.
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1 October 2024 | 8 replies
Worthy noting it's close to light industrial and downtown commercial, albeit a small town.We will likely buy and hold until I can do a refi and add to the portfolio.Its the main house large 3br, 2, 2br and 9 1br.
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2 October 2024 | 4 replies
The main issues are: 1. gross revenue has been less than half the projections the PM initially provided and what is on AirDNA, and 2. gross revenue has dropped 30% from last year to this year despite me investing over $125K in improvements (new pool, new fire pit, new landscaping, new dog yard).
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1 October 2024 | 16 replies
Right now, my main challenges are finding funding options as a starting investor and analyzing deals effectively.Any advice on starting out, funding options, and thoughts on different markets would be greatly appreciated!
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4 October 2024 | 10 replies
The main benefit is continuing building that equity.
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1 October 2024 | 2 replies
No contest between cast iron stack mains and PVC.
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1 October 2024 | 4 replies
Purchase price: $205,000 Cash invested: $27,112 Bought for $205,000 in the Maine-Endwell school districtMonthly rent (pro forma with 3 month stabilization) $4,800Taxes: $9,238Insurance: $2,642Gas/electric: $0 Water/sewer: $2,451Total expenses: $14,280 I used a conventional 10% down.
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2 October 2024 | 4 replies
I do not have an age requirement for parking lots; the location and surrounding competition are my main concerns
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1 October 2024 | 2 replies
Conde Nast Traveler recently announced their 'Top 10 Trips everyone in the US should add to their bucket list' and it features some impressive vacation regions and activities:- Hot Air Ballooning, New Mexico- Bluegrass Trail, Virginia- Visiting Point Dume Malibu, California- Horseback Riding, Wyoming- Airboat tour Everglades, Florida- Winter expedition cruise, Alaska- Spiral Jetty, Utah- Camping In Acadia National Park, Maine/Rhode Island/Massachusetts - Trekking the Bayou, Louisiana - Wine country, Willamette Valley & Napa Valley Oregon/California