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2 August 2024 | 10 replies
When institutions estimate operating expenses for calculating the NOI and subsequently the DSCR, they typically use industry benchmarks and historical data.
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3 August 2024 | 27 replies
Pay for the subsequent tax bills for the following 4 years.
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28 July 2024 | 2 replies
A successful venture involved flipping a 30-unit apartment complex; acquired for $450k, we revitalized it with a $150k construction overhaul, achieved full occupancy, added a laundromat, and subsequently sold it for $950k after two years.
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27 July 2024 | 7 replies
In such scenarios, recourse may involve engaging an attorney to initiate a quiet title action subsequent to the foreclosure process.
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27 July 2024 | 15 replies
Notify the seller of any large issues you find so that it must be disclosed to subsequent buyers which could reduce subsequent sell price and would provide some incentive for the seller to meet you somewhere in the middle.
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20 July 2024 | 15 replies
It also likely won't make sense if the veteran doesn't have VA disability, as the VA funding fee will be 2.3% of loan amount (if first use of VA lending) or 3.6% (if subsequent use of VA lending).
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19 July 2024 | 11 replies
@Anthony DelVecchioTo house hack a property, rent it out after the first year, obtain another FHA loan if necessary, refinance the FHA loan into a conventional loan, use a conventional loan for subsequent properties, and repeat the process to acquire additional properties, diversify financing methods, consider different property types, leverage equity, and network with real estate professionals.Good luck!
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17 July 2024 | 20 replies
Since opening my first home, the learning curve for opening subsequent was exponentially easier.
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18 July 2024 | 10 replies
My initial reaction from my walk through above would be that the holding period in the Real Estate doesn't begin until you have the rights and benefits associated with the real estate - so the earliest at the end of the redemption period, but really beginning once you take possession and can start doing stuff with the property.Some further digging I found some examples of it, but if you were a paying client I would be spending more time to see if there were any subsequent changes to this rule - at the very least Bloomberg isn't calling it out on me ;) .
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18 July 2024 | 29 replies
If successful the process would end with a court order requiring the mobile home to be removed.The question would be easier to answer if the actual language was provided so it could be determined that the restriction runs with the land and bind subsequent owners.