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4 December 2024 | 6 replies
In the limited instances where I do collect a fee on the purchase I often roll it into the deal and take price reduction.
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10 December 2024 | 17 replies
I find with ANY project on a property, PLANS are worth their weight in gold bc they will show the exact inches, ft, etc that the project entails.
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1 December 2024 | 7 replies
They will usually let it run through three or four times on the auction set without hitting the reserve and the formula for reduction, which is similar for REO on the market, is reduction of ten percent every thirty days until it sells.
2 December 2024 | 17 replies
Agree a conversation is in the cards but if anything it would be more than fair to agree to keep the rent flat vs any type of reduction (at least that's my logic).
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5 December 2024 | 34 replies
BUT for certain rural areas it's worth it's weight in gold because of the reliability factor vs an unreliable or expensive existing utility structure.
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2 December 2024 | 3 replies
They may or may not have good reasons and unless they communicate those reasons and perhaps even substantiate them I really try not to give them any weight.
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10 December 2024 | 36 replies
The only time the appraisal will affect the rate is if the value came in lower and the LTV needed to increase to get the same loan amount requested, the rents on the 1007 came in lower, so DSCR was affected, or the appraiser indicated the location was rural which would result in a LTV reduction or interest rate increase.
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2 December 2024 | 10 replies
Check bed frames and chairs for their weight limits.
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2 December 2024 | 21 replies
If it turns out well a good lender is worth their weight in gold.