Taking that money out and anything that leads to more people using the equity from their homes and reduces the friction to that process is not good in the long run.As a NPL buyer who buys 1st position mortgages, we do watch stuff like this carefully as the moment these borrowers get high CLTV's any drop in pricing and change in economic conditions will lead to more foreclosures versus bankruptcies.

The city approved rental license inspector essentially just tested to make sure there was access to hot water, access to heat, no unsafe conditions like exposed electric wiring, CO/smoke detectors present/functional, fire extinguishers present/not expired, etc.

We negotiated based on the property's existing condition and potential post-renovation value, successfully securing a favorable deal for both parties at $100,200, enabling us to unlock its hidden value.

Cleaning fee: they cleaned, but still very dirty. 12. carpet damaged in 2 rooms, yes it is old carpet but in perfect condition before they move in.

We evaluate the asset off the current cash-flow, building condition, performance compared to peers, rent rates compared to market, and overall health of the local market.

Despite a 40% drop in net absorption, the vacancy rate remains stable at around 4%, indicating continued tight conditions due to limited new construction.Industrial PropertiesThe industrial sector is cooling, with net absorption down 70% from last year and rent growth slowing to 3.6%.

You'll want to do your own due diligence to verify the ARV is accurate.When viewing the physical property, document the entire condition of the property.

While a deposit is almost always preferable, you should make a common sense business decision based on the circumstances and condition of the property, in my opinion.

These loans allow buyers to purchase a property “AS IS, WHERE IS”.Renovation loans are available in 30, 20- and 15-year fixed rate terms and can be used to purchase owner occupied, second home and investment properties.By time the renovations are completed, the home needs to be in move-in, live-in condition and conceptually ready to be resold without repair issues.Other Important Items to Know about “Conventional” Renovation LoansMaximum – Minimum Purchase/Upgrade Amounts:Maximum: Limited to 75% of the “after improved” valueOccupancy: Primary, Second Homes, Investment PropertiesRenovation Term:The renovation term for this program is a maximum of 180 days.The Borrower(s) is responsible for the work being completed within the escrow period.

I want to make a smart decision and take advantage of the market conditions.