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15 May 2024 | 48 replies
Make sure that you get the rentroll and the bank statement to verify that those tenants are paying that amount of rent.
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14 May 2024 | 5 replies
It’s a proactive step that helps avoid costly surprises during construction and ensures that the ADU is designed with a full understanding of the site’s topographical nuances.A Building Verification Survey (BVS) verifies that the ADU is accurately placed on-site in relation to the property lines and in accordance with the approved plans.
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15 May 2024 | 10 replies
Is it a really extensive change that they want to verify is possible?
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16 May 2024 | 5 replies
LA is pretty friendly to allow those additional units but obviously you'd need to verify that specific area allows it depending on where you want to live.
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14 May 2024 | 8 replies
There are options for no-seasoning DSCR cash-out refinances, rates may be slightly higher and you may need to have two appraisals done to verify market value if it is significantly higher than 110k.
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14 May 2024 | 12 replies
Defining the class of the neighborhoods is the tough one to start that grade C out for...I have some clients unused to the mid-west who are used to high-end suburbs who consider our better areas a B- area.Personally, I classify the C- anything I verify I have easy access to my spare magazine before I enter a vacant property.
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15 May 2024 | 11 replies
This feels naive. 2) Do I withhold payment until his insurance company will verify his statement about payout should he vanish?
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14 May 2024 | 21 replies
For the last 3 months, etc.Per the original post, if you are only looking for syndicators that project the highest return, you are likely to end up with groups that are great salesman, but likely not the best operators.Can you verify what they say or show?
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15 May 2024 | 11 replies
There are DSCR lenders that do not have a seasoning period to use the new appraised value, however you will need to verify work was completed to improve the value of the property.
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14 May 2024 | 1 reply
Verify the interest rates and terms of the existing loans, as favorable rates can be beneficial, while higher rates might prompt you to consider refinancing later.Assess the condition of the properties thoroughly, especially since the owner is "done with them," which might indicate deferred maintenance.