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11 November 2024 | 2 replies
If it is not in the contract, the contractor has the right to believe they are not responsible for it.
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13 November 2024 | 6 replies
I agree with other responses here, and to piggyback on them it seems everyone plans to 'own forever' when they sign a 30 year lease or finance term, and then things change (job, relationship, life events, etc) and folks try to sell the property with 25-28 years left.Banks do not look at power bills when determining DTI, but they will look at a solar loan/lease.
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5 November 2024 | 3 replies
The brick construction is a plus for durability, but check for any signs of foundation issues, especially if the property has settled over the years.Be sure to budget for updates to key systems—plumbing and electrical upgrades can be pricey but crucial for tenant safety and modern functionality.
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13 November 2024 | 4 replies
Technically, it's the responsibility of the lender to cancel the mortgage.However, as private lenders we typically request that the closing agent draft the cancellation document and send it after the closing is completed.The lender can then execute (sign, notarize & have witnessed) the cancellation doc and then return the original to the closing agent for recordation.
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4 November 2024 | 3 replies
Quote from @Robert Villarreal: Thanks for the response, Ryan.
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13 November 2024 | 7 replies
Thank you everyone for your responses thus far.
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17 November 2024 | 32 replies
Thanks everyone for your responses.
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18 November 2024 | 47 replies
Discuss the jobs/responsibilities that an experienced project manager can log during the construction and marketing phase of a STVR.
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13 November 2024 | 14 replies
I am also a lender with Upright and am able to get responses when I email them, but it takes a while.
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14 November 2024 | 19 replies
Thanks, everyone, for the responses and support!