
28 June 2024 | 12 replies
Nope, but I do see them regularly.

25 June 2024 | 1 reply
For landlords, lease options can attract tenants who are committed to the property and may take better care of it.Commercial Property Considerations: When considering a lease option for a commercial property in Texas, ensure that:The terms of both the lease and the option agreement are clearly defined and legally binding.Both parties understand their rights and obligations, including maintenance responsibilities, payment terms, and conditions for exercising the option.Consult with a real estate attorney to draft or review the lease option agreement to protect your interests.Here are some things that may help you form a pros and cons list going forward:Advantages:Potential for higher rental income due to the option premium paid by the tenant.Attracts long-term tenants who may eventually purchase the property.Allows flexibility for both parties in uncertain market conditions.Considerations:Ensure the option fee and terms are fair and reflect the property's market value.Understand the financial implications and tax considerations associated with lease options.Be clear about the tenant's ability to exercise the option, including financing requirements if they decide to purchase.Lease options can be a viable strategy for commercial properties in Texas, offering flexibility and potential benefits for both landlords and tenants.

27 June 2024 | 6 replies
I had a place like that who wanted $800 to replace a fan motor that I would usually pay my regular guy $350.

27 June 2024 | 8 replies
You need to develop and stick to a much more stringent screening program to avoid this becoming a regular occurence.

27 June 2024 | 11 replies
Not a terrible idea, but here's where I would urge you to exercise some caution. 1.

27 June 2024 | 26 replies
@Linda Weiner, you can exercise that exemption only once every two years.

26 June 2024 | 3 replies
You need more space and more safety than say, a regular single male would.

25 June 2024 | 6 replies
This was about $1,000 more than I accounted for in my insurance numbers so I'm wondering if I really need this type of policy or can I just get a regular homeowners insurance policy?

26 June 2024 | 15 replies
Experienced contractors regularly have to add change orders once they get started because things arent always the same once you start doing the work.

28 June 2024 | 100 replies
>>>>>>>>>>>>>>>>>>>>>Multifamily bridge loans:Loan Size:$1 million and upLoan Term:Short-term, typically ranging from 6 months to 3 yearsMost common range is 12-24 monthsExtension options may be availableInterest Rates:Higher than permanent financing, often in the teensRates vary based on creditworthiness and collateralGenerally 7-10.5% for multifamily, 15-24% for other commercial propertiesAmortization:Typically interest-only paymentsMaximum Loan-to-Value (LTV):Up to 75% of total project costCapped at 70% of the completed or stabilized property valueFees:Origination fees, legal fees, closing costs typically 1.5-3% of loan amountFees can include appraisal, administration, escrow, title policy, and notary chargesOther key characteristics of multifamily bridge loans:Fast closing process, with funds available quicklyEligibility based more on property value than borrower creditOften used for acquisitions, renovations, lease-up, or repositioningProvided by private lenders, venture capital firms, and commercial real estate lendersNeed to be refinanced or paid off quickly via sale or permanent financing>>>here is how extension options can impact the overall cost of a multifamily bridge loan:Extension fees: Exercising an extension option on a multifamily bridge loan typically requires paying an extension fee to the lender.