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20 October 2024 | 32 replies
Community farms, public land trusts, tiny house, ... requires a lot of creativity and isn't what should be purchased at tax sale until you're sure.
17 October 2024 | 2 replies
.), the location, depth, and capacity of utilities to service the site - including public utilities (sanitary, storm and water services), franchised utilities (power, gas, cable), capacity of the local streets to accommodate additional traffic from your development...Be sure to find out if there are any specific local ordinances you need to satisfy (possible tree & wetland surveys, together with any necessary tree & landscape or wetland mitigation plans) and whether there are any concerns from municipal departments (e.g. hydrant locations from the fire department, storm inlet and retention requirements, as well as asphalt / concrete road requirements from the engineer), entrance requirements from the road commission (left turn and passing lanes at the site entrance), etc.Once you get past all this you can finally prepare a preliminary site plan and enter the political arena to get preliminary site plan approval, and to address any concessions the board and neighbors want from you to overcome their objections to your development.
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17 October 2024 | 23 replies
DSCR Loans only available when property is fully finished and turnkey, however you might want to look into a lender that offers ground-up construction loans and DSCR.Also - be careful around the modular home / quick property types since these mortgage loans typically have to be secured by foundational real estate, so anything that can be moved or not fully foundational is probably a no-go (can't foreclose/protect the investment as a lender)
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18 October 2024 | 5 replies
We work transaction-based deals with a commercial portfolio loan secured against our assets.
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15 October 2024 | 24 replies
Did you hire a public insurance adjuster?
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16 October 2024 | 25 replies
This approach can help you secure funding more easily without the need for traditional income documentation.
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11 October 2024 | 2 replies
Hello, we had a tenant move out recently and are working to get the security deposit refunded within the 14-day window as stipulated by AZ state law.
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17 October 2024 | 9 replies
It is properly called ordinary business income and is taxed at the same rate as your W2 income, PLUS 15% self-employment tax which is Social Security + Medicare.
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16 October 2024 | 7 replies
But you know enough to be able to fill in the blanks and get close... public records, utility companies, visiting with residents, walking the park and networking with other park owners.
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16 October 2024 | 2 replies
Though the public couldn’t get close, several news outlets shared footage, with drone shots and fireworks lighting up the scene.