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4 October 2024 | 35 replies
I get builders risk policies for all my new builds and at least in the markets I built in Charleston SC and Portland Oregon have never seen the fence and security and like you I would have trusted my broker to mention something like that.. fence and 24 hour security is just not something you do on ONE SFR rehab.. unless its a known high crime area like South side of chicago and now inner city Portland you really need the fencing etc other wise the homeless and druggies will walk off with everything.. when did a bunch of rehab loans in South Jackson MS same thing theft was off the charts and we had houses burn down .. but the dollars were much smaller.I know I have gotten larger policies for my bigger developments and I did pay my lawyer to go through them line by line and at the end of the day they really cant say what is or is not covered.Also you simply would not think of anything in Colusa county as being high crime .
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30 September 2024 | 8 replies
They want to know your plans on how to develop and revitalize the property.
1 October 2024 | 4 replies
In almost all cases when there is one road leading to four homes and there is no development or shared amenities, one owner can not dictate what happens on the road or put up a gate.
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30 September 2024 | 12 replies
With that being said, I am looking for some insight and help in developing my budget and plan for this project.
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30 September 2024 | 1 reply
I believe in the power of networking and collaboration, which is why I am eager to connect with fellow members here on BiggerPockets.In addition to my work in real estate, I am committed to continuous learning and professional development.
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2 October 2024 | 38 replies
Out here in the west its simply impossible to build anything that will sell for much less than 500k when your lots start at 100k to 200k each then permits are 30 to 75k each.. then you build the home thats the reality.. only way fed helps there is to buy private land and subsidize or turn federal lands into developments. the one market that would work is VEGAS as its surrounded by federal land.And from what I see in west coast the regional builders are back to pumping out spec homes as fast as they were pre GFC..
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30 September 2024 | 9 replies
Commercial real estate offers many exciting opportunities, from brokerage to development, acquisitions, and even REITs.
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30 September 2024 | 0 replies
I want to be able to borrow against this somehow to give me capital to work on some other development plans that I have.Anyone have any advice on how best to pursue this?
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30 September 2024 | 5 replies
I've been in software development for over 15 years and leaving the 9-5 to stay home with our son.
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2 October 2024 | 71 replies
I see the rentals as wealth building and flipping/development as a job (with ordinary tax structure).