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1 October 2024 | 29 replies
For example, I’m doing three side by side duplexes and it’s costing me $135 psf, but I had to spend an extra $10k per foundation because of bad soil, and the smaller the property the higher the cost psfI’m working on a 28 unit with elevator, demo required, green roof, and it’ll cost me around the same psf as the duplexes.I’m doing three side by side triplexes which are full renovations, basement digout, all new facades, and that’s costing me about $106 psf for construction Non of these numbers include architecture, geotech, MEPS, environmental, utility plan, or finance costs
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30 September 2024 | 8 replies
I will just be adding an extra loan which is what worries me a bit.I’m looking for away we can start small and grow as we continue.
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26 September 2024 | 5 replies
Or am I overthinking the difficulty of managing these properties, is a property manager necessary?
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27 September 2024 | 2 replies
Is the lawyer just being extra, extra careful...or are there typical scenarios where having it registered in NV will help for a property located in CA?
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28 September 2024 | 1 reply
He missed the target by nearly a month and we ended up paying holding costs, HOA, Utilities etc for an extra 6 months until finally selling in the spring for a reduced price.
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25 September 2024 | 4 replies
This change makes it harder to use large deposits as a protective measure, which might explain part of the difficulty landlords are facing in managing tenant risk.As for the post-COVID surge in applicants with problematic rental histories, many landlords across Baltimore have noted similar patterns.
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30 September 2024 | 10 replies
Happy to help evaluate this opportunity if you want an extra set of eyes.
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27 September 2024 | 40 replies
I'd push back hard for them to honor their original LTV and greatly reduce the undisclosed extra loan fees, or switch to a different lender.
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27 September 2024 | 13 replies
Having it in both FL (my domicile) and CT (property location), created double the work and fees in both states.From what I can tell this isn't the right entity structure anyway, so I can imagine it was a pain with many extra costs!
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27 September 2024 | 14 replies
Or perhaps have them pay an extra $50 a month, and then credit them if they overpaid at the end of the year?