Kendra Allred
Resolving Code Violation in San Diego - Illegal Addition
24 April 2020 | 5 replies
There's always something more to learn in real estate.Thanks @Justin R. for the fire and safety explanation, I anticipated that may have had something to do with it, didn't know specifically about the whole hour thing so that's informative- and the tid bit about the cinder blocks...that's pretty cool I'll definitely look into that- could be a potential work around for a smaller space in the future.
Jake Kozul
Leveraging Title Companies...
6 November 2014 | 5 replies
Working with them enough they may have conversations, tid bits, drop a name on the side, but no, they don't work deals and partner.
Jeremiah Gentz
Expired Contract
25 March 2014 | 6 replies
When the rely on you to buy, after your contingencies have passed they can nail you for specific performance and damages.A little tid bit the wholesale gurus leave out. :)
Matt Fish
Blown Away by the Cost to Subdivide $$$$$
5 November 2023 | 37 replies
@Paul Ellis the difference between a land split and a subdivisions in pretty much any place I have worked is the subdivision Map act come into play at 5 lots or more.4 lots are less are what typically call a short plat. and exempt from the heavier rules and regs that a subivision falls under..has to do with many different things.. including different types of traffic studies.. storm sewer, water , sewer , schools, parks , fee's in lui ,, soils etc etc@Stephen Haynes Awe I had not heard the term perc and mantle in years thanks for that tid bit.. it used to be you could put a perc test between every 2 to 5 lots and that would suffice and or drill a few wells but not on all lots..this goes to the practice years ago in many areas of never doing any of this and creating literally thousands of parcels that can't be built on with the new codes.You see these parcels come up for tax sales all over the US.. jurisdictions these days only want to create a parcel they know can be built onWhen Boise Cascade built the 27 mega rural subdivisions in CA.. ( Pine Mtn Lake, Lake Wildwood, Hidden VAlley and that one just south of Sac) they were allowed to plat 3 to 5 thousand building lots with no perc's and put a water system in that maybe could handle 1/5 of the houses to start leaving these communities to have to enlarge the systems out of their own nickel in the proceeding years.. leading to all sorts of building moratoriums and folks paying taxs on lots they could not build on.. there are still hundreds if not thousands of these lots that are still non build-able because of perc requirements.
Christina R.
talk terms . . . when someone is open to seller financing
4 February 2015 | 13 replies
That should spark some ideas on how to approach your seller, don't forget that the seller must have confidence in your abilities, so your RE education is important, don't be a know it all, but you can drop tid bits that let a seller know that you know what you're doing.BTW, the chance of getting some form of seller financing on a multi family is much higher than a SFD, the owner knows financing can be tough.
Nathan Frost
Business Line of Credit
2 October 2023 | 19 replies
keep in mind most business lines of credit from a bank TRUE unsecured LOC's are on one year revolvers and they can and are frequently called.. another tid bit is many times they have a 30 day resting period per year.. meaning you have to pay it off and rest it for 30 consecutive days.these are true unsecured LOC's from Banks.. also careful with the fake business loan lenders that say your all approved just send me a little money up front.. in almost all instances they are simply scammers crooks and thieves.
Jay Hinrichs
See below for some releif from dodd frank for owner finance
21 October 2015 | 2 replies
AS an NMLS licensed mortgage banker I get these tid bits from the state.. this one is of interest and maybe other states will follow suit this will help homeowners with seller financing.. although very limited in scope its a startThe second proposed rule stems from Senate Bill 879 passed during the 2015 session that allows an individual who owns property through a LLC to provide seller-carry financing on a limited number of transactions without obtaining an Oregon mortgage loan originator license.
Brandon Davis
ISO: Learning Opportunities
21 October 2015 | 7 replies
Hey JulieThanks for that tid-bit of information.
Ethan Lee
One Year Later - 10 units and full time investor
26 April 2023 | 161 replies
Thanks for that tid bit.