Steven Barr
Construction loan for primary home
3 September 2024 | 1 reply
I am not a licensed GC but I have experience building spec homes that I could show a bank Fine paying a higher interest rate on the construction period of the loan, but would like to be more in line with traditional mortgages rates on the perm portion (although fine paying slightly higher if I avoid closing costs for a second loan)Do y’all have any recommendations on specific types of loans for this or specific banks I should talk to?
Malik Javed
Maximizing Tax Savings with Cost Segregation: A 6-Unit Apartment Building Case Study
4 September 2024 | 2 replies
Property Details: Property Type: 6-Unit Apartment Building Building Area: 4,500 square feet Lot Size: 3,050 square feet Depreciable Basis: $1,000,000 Placed in Service: July 2021 Results from Cost Segregation Study: The study identified various components within the property that qualified for accelerated depreciation, leading to substantial deductions in the first year.
John William Kuhfahl
Potential Purchase Advice
4 September 2024 | 3 replies
You need to search for properties near your subject property deal that look like and have the same size as your end result aka a comp aka a comparable.Any quality agent can run your comparable market analysis (CMA), and over time, with practice, you can run your own comps.
Jordan Regier
Attached garage vs. No garage
5 September 2024 | 15 replies
You didn't say what size, but I'm assuming a basic two car garage, 20 feet by 20 ft roughly?
Noah Bacon
NAR Rule Changes in Full Effect
3 September 2024 | 2 replies
Seller should also expect a smaller pool of buyers to their listing if they are unwilling to pay a portion of the buyer's agent fee.
Lisa Fortune
Investor Challenges when securing fix&flip loans
4 September 2024 | 6 replies
some good examples here already but would add minimum loan size / property value I see a lot, unfortunately have to turn away a lot of people (esp. those just starting out) because their budget is too low and the property doesn't have enough value juice to make it worth it as a lender (plus more risky)
Joe S.
Do you provide mini blinds in your class C rentals?
4 September 2024 | 9 replies
The local store may have a limited selection but you can find more sizes and options on their website.The tenant may very well trash them, but they are inexpensive and can easily be replaced with the deposit.
Michael Gonda
What to do with $3 million in equity
9 September 2024 | 52 replies
@Michael Gonda If you’re not interested in selling your properties, consider selling a portion of your equity instead.
Jason Hanson
Getting started with property managing
3 September 2024 | 17 replies
Hi Jason,Depending on the property size there is different software.
Christopher S.
Unlocking Chicago's Community Development Grant Program: A Streamlined Financing Path
4 September 2024 | 4 replies
You can also identify a city-owned lot through this map and work to incorporate it into a real estate deal with the traditional grant programs serving as a portion of the funding.