
14 November 2024 | 11 replies
Typically, the owner is the only one that can sign a lease as they are the owner of the property.

18 November 2024 | 16 replies
Most purchase and rehab loans will be capped at 75% of the ARV and cash-out will typically max out at 80 or 75% depending on where you go.

17 November 2024 | 30 replies
Depreciation typically results in a tax loss.

14 November 2024 | 10 replies
Hey @Roy JenkinsAs long as you have good credit, typically above 720, being a first time investor won't be overly punitive.

14 November 2024 | 13 replies
I hear appraisals associated with ADUs regularly in southern Ca and they are typically less than 50% of hands off cost.

15 November 2024 | 14 replies
I normally go into a deal telling a borrower to expect 70% LTV and then if the appraisal comes back suburban then we can bump up leverage. 80% LTV is typical in suburban areas and 70% is typical in rural areas for DSCR lenders.

15 November 2024 | 2 replies
Short term, assuming the real estate lobby doesn't sue this to keep delaying/appealing, once it goes into effect there will be no more broker fees paid by tenant *unless they hire the broker*Some long term effects I can predict already: - Landlords now having to absorb broker fees will bake this into the rent (e.g. how "no fee" units typically are priced a little higher than other units) - Real estate board will require another document (or checkbox) for tenants to sign stating that they're hiring the listing broker and responsible for compensating them for their fee *if* they apply and are approved- Regular New Yorkers will have an even harder time to find an apartment because you cannot legislate/regulate away a housing crises...

15 November 2024 | 4 replies
Will some people invest, yes - but if you had two of the same products and one that was doing it the way it has been done for 100 years and one with the new technology for investing, the people with the $ typically will choose the old school way and not want to be caught up in the next FTX. 3.

16 November 2024 | 21 replies
It's not enough that your company serves the real estate industry, your actual duties should be directly related to real estate, as opposed to the typical executive responsibilities. 2.

20 November 2024 | 37 replies
New construction homes are typically around 600k here and picked up maybe 25% in the same time.