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31 January 2025 | 4 replies
Typically starting with a smaller rehab budget of $50K or less (maybe a max of $75K) and avoiding a 1 to 1(or higher) ratio of purchase to rehab costs is recommend when you are first starting out.
11 February 2025 | 5 replies
Hard money lenders (HML) typically want to ensure you have the financial stability to handle the property and loan repayment, so proof of liquidity is a common requirement.
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15 January 2025 | 11 replies
If the insured driver was sued for more than their car insurance covered, the accident must have involved negligence.
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7 February 2025 | 31 replies
Head over to bank rate or and take a look at the mortgage calculators, plug in the numbers and get an idea of what the property needs to generate to satisfy the intended debt.You still have to underwrite the deal for the non-finance expenses as well(typically 40-50% of the gross rents).
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4 February 2025 | 5 replies
Here is a list of why adding a single ADU in single family zoned areas in my CA market is typically a poor RE investment:1) The value added by the ADU addition is often significantly less than the cost of adding the ADU.
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28 January 2025 | 9 replies
What do contractors typically charge to come out to a potential property and walk through and fill out a SOW with pricing?
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30 January 2025 | 8 replies
I see many situations where one generation wants to buy out a prior generation or, more typically, siblings.
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6 February 2025 | 9 replies
That is not typically disclosed up front.
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11 February 2025 | 7 replies
In my market the valuation with f/f non commercial financing is typically lower than the hands off cost of adding the ADU.
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5 February 2025 | 16 replies
Typically a few types of PMs out thereThe individual agent, little to no staffThe PM company that's a set it and forget it, glorified rent collectorThe PM company that's a true partnerI would on top of the suggestions abovesearch for a PM that owns their own portfolio tooThey treat your asset like they treat their own portfolio- There should be a full staff and readily available to answer the phone1.