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14 August 2024 | 42 replies
I like all that they offer which is Standard Servicing $35 includes:Customer ServicePayment ProcessingMonthly StatementsCredit ReportingEscrow ImpoundsInvestor ReportingArm Loan AdjustmentsLate NoticesMaturity LettersDefault Servicing (Non Performing) $85 includes all the above as well as:Loss Mitigation Repayment PlansLoan ModificationsShort Sale ProcessingDeed in LieuCollection CallsBreach LettersForeclosure Prep & ReferralBankruptcy Referral & MonitoringForeclosure Sale BidsREO-Eviction ProcessingIm not real excited about their pricing and I wonder if they're are other companies who do the same job for a lower price.
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15 August 2024 | 86 replies
I think it’s way too easy to over estimate investment performance based on how well the pro’s do.
14 August 2024 | 7 replies
Your goal should be to have performance cap rates at 7-8% on something with a market cap of 5-6%, which gives you a healthy 200 basis point spread from the going market rate.
14 August 2024 | 1 reply
To facilitate an informed decision regarding my suitability for the role, I would like to propose starting with a trial period which would allow you to evaluate my performance and see firsthand how effectively I manage properties remotely.Thank You.
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15 August 2024 | 28 replies
@Annie Balagot Solterra typically performs pretty well as it has the amenities rival many of the other top communities, but it is further away and the traffic to get to the parks.
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15 August 2024 | 4 replies
My advise is to start with single family or a small multi-family ground up project first but this market environment is truthfully not the time to be completing any ground up projects unless you are self performing the construction which it doesn't appear you are in a position to do.There was a recent Philadelphia forum chain started by someone else who was contemplating ground up in a similar fashion to what you are proposing and I cautioned they would be better off buying something that was newly built and believe after conducting their own diligence realized it was too cost prohibitive at this time to build with 3rd party GC's in Philadelphia when also accounting for the interest rate environment and cost to build.
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14 August 2024 | 1 reply
Rather find a partner who will contribute same as you and you hire a GC strictly to perform the work.
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13 August 2024 | 0 replies
We added $40K-$50K refinishing the hardwood floors, removing wallpaper, painting walls and updating the kitchen & bathroom with new cabinets, adding granite countertops and creating a BEAUTIFUL dining room off the kitchen that was wasted space as an enclosed porch, and also added french doors leading out to a newly-built pre-finished deck we added so the new owners could enjoy their gorgeous fenced in backyard.
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13 August 2024 | 6 replies
Under California foreclosure law, can a vendor place a mechanics lien on a home for work performed for the prior owner after the foreclosure sale and the recording (perfecting) of the deed?