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28 August 2024 | 22 replies
To me a license doesn't prove one is qualified for a job.However, having a CPA or EA license allows the individual to represent you before the IRS in the event you get audited.
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27 August 2024 | 12 replies
Here are the Fannie Mae guidelines for legally non-conforming properties:If the Property's characteristics are legally non-conforming, you must:ensure the Borrower executes the Modifications to Multifamily Loan and Security Agreement (Legal Non-Conforming Status) (Form 6275);confirm whether, if fully or partially destroyed, the Property's Improvements can be fully rebuilt to the pre-casualty condition per current laws, zoning requirements, and building codes; and if the Property’s Improvements cannot be fully rebuilt to the pre-casualty condition, evaluate if the as-rebuilt Property will support the Mortgage Loan at the current Tier, and document your analysis in the Transaction Approval Memo.To assess the Borrower's ability to rebuild Improvements on a non-conforming Property to a level that will support the Mortgage Loan at the current Tier, you should consider: conducting a threshold analysis to determine the resulting actual amortizing DSCR if the reconstructed Improvements cannot be rebuilt as-is per current law; the likelihood of a casualty event (e.g., wind, earthquake, fire, flood, mine subsidence, etc.); the percentage of damage to the Improvements at which the Property’s jurisdiction will require the Property be rebuilt to current zoning and land use requirements (i.e., the destruction threshold); which Property characteristics the destruction threshold percentage applies to, such as market value, assessed value, replacement cost, or unit count; for Properties with multiple buildings, if the destruction threshold percentage applies to each building, or all buildings as a whole; the replacement cost to rebuild per current requirements for zoning, and land use; the Property’s continued marketability, and economic viability; the amount and type of Borrower-maintained insurance coverage required per Part II, Chapter 5: Property and Liability Insurance, Section 501.02C: Ordinance or Law Insurance; insurance loss proceeds payout, compared to increased rebuilding costs, including from building code changes, Americans with Disabilities Act compliance, and the municipality's local zoning requirements (e.g., green compliance for new buildings, etc.); the sufficiency of estimated insurance proceeds from ordinance or law insurance and other coverages to repay the Mortgage Loan in the event of partial or full casualty, or condemnation; and for a Tier 3 or Tier 4 Mortgage Loan, if requiring execution of the Limited Payment Guaranty (Form 6020.LPG) would mitigate the risk of the as-rebuilt Property not supporting a Tier 2 Mortgage Loan.
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27 August 2024 | 0 replies
Held at CAPK Friendship House, the event featured local developers Max Becerra and Eric Mora, who presented plans for over 1,600 rental units in projects like Mulberry Village and Mayflower Ranch, as well as a 110,000-square-foot retail center with the area's first grocery store.Significant city support includes a 2.5-mile sewer line and plans to annex parts of the area into Bakersfield.
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25 August 2024 | 18 replies
They do have success stories from Students that took the coaching program.I attend the Meetings, to network, network, network!
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27 August 2024 | 4 replies
But eventually you take the leap… you decide to go for it and you tread water until you can swim to the next level of your future.For me, I was about 20 attending a photography seminar as a store employee and the day I heard that phrase it hit me… I’m going nowhere being the employee.
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27 August 2024 | 2 replies
Finding the right deal in a small market like Oxford, AL can be tricky, but here’s how you can go about it: Start by networking locally—talk to real estate agents, attend meetups, and connect with other investors to find leads.
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26 August 2024 | 6 replies
Yesterday I attended a meeting of Connecticut Real Estate Investor Association and it felt like it was primarily occupied by people who knew little about real estate and wanted to be spoonfed information by an expensive coaches?
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28 August 2024 | 10 replies
However, you can expect to recover about 50-55% of your investment when selling the home.Another good option would be to consider converting attic space, finishing a basement, or repurposing a large living area to add a bedroom without expanding the home's footprint.Some other tips to help you save on materials while still creating an appealing finished product: buy in bulk, shop at discount stores and outlets, look for overstock, discontinued items, or slightly imperfect materials, attend auctions and Estate sales, incorporate reclaimed wood, vintage fixtures, or other salvaged items for a unique look at a lower cost, build relationships with suppliers...If you have any more questions or are looking for funding please feel free to reach out to us, we're a private lender.Regards,Jackson
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24 August 2024 | 7 replies
Do this by attending RE events and joining a local investors association.
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24 August 2024 | 55 replies
You can purchase lunch for $15 or just attend to listen and network.