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20 January 2025 | 16 replies
It's usually best to talk with your neighbors about your plans and get their support as one of the variance tests is that the requested relief does not cause a public health issue or alter the essential character of the neighborhood.Try googling "tests for a variance in [your state]" and talk with your local zoning department.
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27 January 2025 | 6 replies
We roll 100% of rehab costs into the loan package with 4 draws for licensed contractors.
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21 January 2025 | 10 replies
Lead paint testing requires no supervision or follow-up inspection.
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22 January 2025 | 1 reply
This could cost around $500 to $1,500 per unit, depending on the size and complexity of the project.Certifications: There may be additional costs for certifications (such as HERS ratings) or third-party testing to verify the energy efficiency of each unit.For a 90-unit project, you could be looking at costs in the range of:$45,000 to $135,000 for energy modeling and certification (depending on the cost per unit).For a 112-unit project, the costs would likely be:$56,000 to $168,000 for similar services.Tax Credit Calculation:If you meet the energy standards, you can claim up to $2,000 per unit.
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27 January 2025 | 1 reply
Generally speaking, with SFR or small multis, I just rely on the lease/rent roll (and some form of proof of payment; i.e. bank statements, deposit receipts, tax returns, etc.).
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23 January 2025 | 3 replies
Testing the market may get you an offer you're looking for!
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26 January 2025 | 2 replies
Or we gradually perform high-quality updates for a live-in flip, then roll the equity into a new home.Regarding rental income, we aim to boost income, lower our effective tax rate by generating more low tax-drag income with rental income (since there’s not much we can do to lower out W2 tax bills) and have retirement cash flow.To compare the financial impact over 10-20 years, we want to analyze renting versus flipping.
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11 February 2025 | 16 replies
The challenge with the FHA guidelines is the self sufficiency test.
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23 February 2025 | 12 replies
If not that route then we look at hard money, maybe taking your rent roll and use factoring lender.
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20 February 2025 | 114 replies
The reality is they are using the investors money for the downpayment, they are getting a huge 80% loan that is non-recourse and they have the private offering to protect them with full disclosure in case the market drops. on the way up investors make 30% easy and even the syndicator will brag about it and will tell the confused investors who cannot even calculate IRR on their own to stay with them as they roll their invested money plus returns forward through a 1031 exchange and now they got even more units to brag about.