
14 July 2024 | 6 replies
If they want to be in early, they should start paying early and have a signed agreement covering that time period.

14 July 2024 | 7 replies
If it is still 30 days or same time period just a week late I would probably do nothing and be accommodating.

15 July 2024 | 12 replies
Often times, I will do that for free especially if I'm going to be nearby, but if they do it more than once in a short period, I will charge a fee and they aren't surprised by that either.
15 July 2024 | 17 replies
The majority of sales from a SDIRA involved a "flip", where holding period was <365 days.

16 July 2024 | 33 replies
Proper planning for these uncertainties is essential.During your due diligence period, it's important to thoroughly assess the condition and age of all major systems and components in the property.

14 July 2024 | 6 replies
They can provide guidance on potential legal options and rights concerning the city’s demands and the lender.Negotiate with the City:Seek Extensions or Variances: Your friend can request an extension on the deadline to comply or apply for variances that might allow the property to meet less stringent requirements.Explore Grants or Subsidies: Check if there are any local, state, or federal grants or subsidies available for renovating older properties, especially those providing low-income housing.Engage with the Lender:Discuss Financial Hardship: Present the case to the lender, explaining the situation and the financial hardship imposed by the new building codes.Propose a Loan Modification: Suggest modifying the loan terms, such as extending the loan period, reducing interest rates, or even deferring payments temporarily.Negotiate a Short Sale: If the property must be demolished and rebuilt, your friend can discuss the possibility of a short sale where the lender agrees to accept less than the owed amount to avoid foreclosure.Explore Refinance or New Loans:Seek New Financing Options: Look for other financial institutions or private lenders willing to provide financing for renovation or rebuilding.

15 July 2024 | 24 replies
I get a lot over the period of a week then they disappear.

12 July 2024 | 2 replies
If you can negotiate a 10-year balloon, you're more likely to be able to ride out any negative periods.

13 July 2024 | 3 replies
Ring cameras will need periodic recharging.
12 July 2024 | 7 replies
I’m in the same boat looking for 80 LTV with interest only draw period.