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21 November 2024 | 39 replies
From what I have seen, it is more common for a litigation claim to arise from a partnership relationship, employee relationship, or other business relationship than a claim by a tenant against a property owner.
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19 November 2024 | 3 replies
Within the region, the City of San Diego also experienced a rise in its vacancy rate to 4.22%, compared to 2.64% last year.
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19 November 2024 | 4 replies
In theory, it is, but in reality, it is not for this reason and many others that can arise.
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21 November 2024 | 10 replies
Thanks for any help’ Yes we're licensed there and FHA guides in one state apply to all states unless a state has a specific law that supercedes the FHA lending guideline.FHA is always 3.5% down minimum (in some cases less because you're using a DPA or down payment assistance program or 2nd lender to put down over all a lower down payment than 3.5%, Aka for instance 3.5% DPA + 96.5% FHA = 100% financing but just dont kid yourself this is fully 100% leverage and to be used with caution and carefully).In the case of 2-4 unit FHA is still 3.5% down payment @Matthew Kwan @Carlos ValenciaThere are rules regarding FHA such as:- primary residence - you must occupy one of the 2-4 unit property as your primary over 50% of the year and the underwriter needs to believe you will remain and have the ability to live in there, any deviation from this and you'll get a whole laundry list of conditions asking you to prove why you should be believed to be living or will live there (if this arises dont be surprised, it just means the UW doesnt believe you).- SS rule - self sufficiency rule - gross rents of all potential units 2-4 X gross rents at 75% needs to meet 1:1 or 100% of the monthly PITIA payment or greater.
19 November 2024 | 15 replies
Regardless, you need a PM who takes the bull by the horns when issues arise.
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21 November 2024 | 23 replies
If you use more of your own cash for the project, you become less versatile and flexible if a problem arises.
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15 November 2024 | 11 replies
Just keep learning (podcasts, books, meetups, etc.) and be sure to take action when the opportunity arises
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13 November 2024 | 14 replies
A rising tide raises all ships.
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14 November 2024 | 12 replies
Consider consulting with real estate professionals who can provide valuable insights and guidance.As you move forward, remember to remain flexible and open to opportunities that arise.
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17 November 2024 | 32 replies
The problem arises when other tenants or neighbours find out he is a registered sex offender.