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10 December 2024 | 9 replies
If the tenant does not keep the basement clean to an extent that it might be attract mice.The contract does not have any explicit language stating "Failure to do so will results in penalties or such and such...".I dislike sending multiple reminders.
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8 December 2024 | 1 reply
However, I received some feedback from one of my partners that the play here would be for an investor to subdivide or re plat the land for a multiple tenant situation.
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9 December 2024 | 8 replies
The shorter the prepayment term has an impact on increasing the rate.4.
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8 December 2024 | 2 replies
I had a few tenants e-sign 6 documents with multiple pages in a couple minutes and realized they did not read any of it!
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5 December 2024 | 6 replies
They typically have multiple origination points (meaning very high closing costs) very high rates (compared to conventional but also compared to 6 month or longer waiting period DSCR products) and almost always have VERY long pre-payment periods up to 5 years.
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9 December 2024 | 1 reply
The original deed listed multiple owners and percentages including her 8% interest, and now myself and the other owners want to sell the property---how do we get this retitled into my account (or my name) in order to facilitate the sale?
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6 December 2024 | 0 replies
Let’s make this the start of something impactful and build a community that supports each other’s success!
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18 December 2024 | 45 replies
This is because cap ex and operating expenses disproportionately impact lower cost real estate and its very easy to find yourself upside down on a property like this.
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13 December 2024 | 16 replies
We have visited the market multiple times in the last six months but remain uncommitted to expanding.
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6 December 2024 | 4 replies
So minimal impact to credit during the rehab process.It appraised for $173k after rehab, refinanced and paid everyone off including the seller, and walked with cash to do my next deal :)