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7 August 2019 | 30 replies
There is no PMI and they do not limit the number of loans. what is their lending foot print. ??
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27 August 2019 | 25 replies
I have seen instances where they kept the front porch and most of the footprint of the first floor, popped the top and almost doubled the sqft, and claimed it went right through permitting as a renovation.
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8 August 2019 | 1 reply
This can drastically affect the building footprint.
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14 August 2019 | 3 replies
From a 1031 perspective any QI with a national footprint can help you out.
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14 August 2019 | 0 replies
So here's the (abridged) story so far...Facts:Purchased Two Family in Belmar in April (Two Single Family Homes on One Lot) Using 203k loan with both homes needing "Gut Job"Confirmed Legal Two Family with Tax, Agent, Closing Attorney, and Seller DisclosureHired 203k Consultant (formal written agreement) to prepare a formal Scope of Work for Project with GC leveraging and singing offThe homes had indications of structural issues (through inspection pre-purchase) and all parties were aware before closingUltimately had to hire Architects with PE in-house to draw plans to repair structures using concrete slabsCalled Local Building Inspector and told him the profile of the multifamily homes and that we found major additional issues when demo-ing | He said he would look to only make sure they were up to current code.Spoke again before we submitted permits to tell him about the project and he seemed "fine" as long as it was up to code and just a repair with no foundational footprint change | No exterior walls are being moved, sq. foot remains unchanged, no floors added.The loan is FHA 203k so one of the units will be a primary residence (actually the back unit)Permits were submitted almost two weeks ago with only simple questions returned so far from zoning (the first step in Belmar)Issue:PE told me that he was surprised that town was allowing me to due to a rehab of this size considering the two-family structure has the "backyard" style home which they apparently no longer like.
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25 August 2019 | 170 replies
Site plan review (even tho the footprint of the home isn't being change) town zoning board and planning board meetings like crazy, the town being afraid that instead of long term housing we will air b&b it, and so on.Negatives:- Will probably be about 30k in the hole when we refi-put an excessive amount of sweat equity into the project-the stress had me pulling my hair out for months-spent a lot more money than expected-taking longer than expectedPositives:-My fiance can now recite all town codes, laws, and zoning regulations off the top of her head-I grew my skills as a contractor/ investor-We made a lot of great connections with people that work with and for the town-created and actually changed some rules and codes in our town to changing existing housing stock and density of the homes to create more affordable housing- Established ourselves in the community as people that are trying to help the community and provide nice homes for people to live- And the biggest of them all I think is we connected with other local inverters!
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15 August 2019 | 0 replies
I'm aware of the larger property managers with national footprint, but am hoping to connect with someone local who is not only experienced but can meet face to face.If anyone has direct experience working with Plushyhost or similar types of larger companies, would love to hear your experiences as well.Thanks so much!
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19 August 2019 | 54 replies
If it is a weird footprint with odd angles or curves it gets difficult to measure.
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19 August 2019 | 8 replies
My full time job is a regional environmental health and safety manager for JLL on the amazon account.
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1 May 2019 | 6 replies
@Scott Passman I dont know the footprint of the building but it's at least 16' wide.