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20 September 2024 | 4 replies
Risk Management: Securing enough funding to cover unexpected expenses during the renovation is a challenge.
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21 September 2024 | 7 replies
The partner with good credit secures financing and handles financial management, while the rehab expert oversees renovation and project execution.
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27 September 2024 | 40 replies
Caught the flag on the first sentence "given the loan terms verbally" - Pretty much all the "reputable" DSCR Lenders will give out a detailed term sheet / pre-approval letter / LOI (many different names but same thing) outlining terms and approvals early on in the process - the good news is that if you haven't closed yet you can still switch lenders and see if you can secure your original terms - also good news is that the appraisal, while likely ordered by the lender or broker is in your name and your property, so you can likely transfer it to the new lender
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23 September 2024 | 19 replies
The information is provided in 'how to get your security deposit back at the end of your lease' language.
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21 September 2024 | 7 replies
Finding DSCR lenders willing to take a second position can be challenging, as many prefer the security of being in the first lien position.
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23 September 2024 | 29 replies
The state doesn’t have rent control laws, but landlords are prohibited from collecting more than one month’s rent for security deposits.
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21 September 2024 | 69 replies
Sold the back building which was NOT part of the security for the loan, paid off the 11% mortgage and refinanced with a 20 year fixed 4% mortgage, paying down about $400k.
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20 September 2024 | 2 replies
Hi BP Community,I’m a house flipper in the Oakland / SanFrancisco area, and I’m seeking recommendations for insurance agents who can assist with securing builder’s risk insurance.
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20 September 2024 | 2 replies
I've been doing it since 2015 (including Section 8), and I've yet to have any damage done that exceeded the security deposit.
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22 September 2024 | 12 replies
Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.