12 June 2024 | 3 replies
They are typically structured with a short-term interest-only period during construction, followed by conversion to a permanent mortgage upon completion of the project.CMBS Loans (Commercial Mortgage-Backed Securities): CMBS loans are commercial real estate loans pooled together and securitized into bonds, which are then sold to investors.
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12 June 2024 | 16 replies
Will anyone have an actual conversation about what they consider when screening applicants?
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11 June 2024 | 3 replies
I had to give 30 days' notice per our management agreement to a client I have 13 units with on Friday after having to hang up the phone on him Thursday afternoon and telling him if he ever speaks to me that way, it will be our last conversation.
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10 June 2024 | 5 replies
I recently had a conversation with my lender and mentioned I would be purchasing a property as my primary residence.
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11 June 2024 | 14 replies
And before I reach out to my securities attorney in Portland, I wanted to ask folks here about their experience and recommendations so I can have a more informed/productive conversation with my attorney.I’m so grateful for the replies I already received.
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12 June 2024 | 8 replies
You can also begin a series of strategic conversions of your investment properties.
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11 June 2024 | 6 replies
If you don't already know those concepts, start researching them, so you have a good basis for a conversation.
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8 June 2024 | 1 reply
However, there are many factors to consider, and I want to ensure that the right people are involved at the right time.The renovations are nearly complete, and I am already collaborating with a condo conversion lawyer to draft the condo filing documents.
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13 June 2024 | 20 replies
I suspect those conversations will be in attorney's offices between the two parties.If there is equity to work with, I've seen the hard money lender charge 12% which on a $400,000 property is $48,000 plus closing costs and a much higher monthly payment to the investor.Just a side note to the dear readers: I did not say that Subject To or wraps are to be avoided.
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12 June 2024 | 10 replies
Conversely the owner called a vendor the next day and the vendor appeared before the end of the week.