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3 July 2024 | 7 replies
.- **Alternative Strategies**: Continuing with delayed lending (refinancing after repairs and tenant placement) has its merits, allowing you to build equity and stabilize cash flow property by property.Please feel free to DM me.
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3 July 2024 | 4 replies
Seller's in most state are required to disclose material issues they know about.
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2 July 2024 | 7 replies
They just paid for the materials and trucking, and rented a dozer that my brother operated to grade the soil.
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3 July 2024 | 3 replies
Alternatively, look into renovation-specific loans like the Fannie Mae HomeStyle Renovation or FHA 203K loans as standalone products for rehab costs.FHA 203K LoanPros:Low Down Payment & Bundled Costs: This loan simplifies the process by combining the purchase and rehab costs into one mortgage.Cons:Interest Rate & Refinance Requirement: Higher interest rates and the need for refinancing could reduce your overall return on investment.Fannie Mae HomeStyle Renovation LoanPros:Bundled Costs: Like the FHA 203K, this loan combines purchase and renovation costs, simplifying the process.Cons:Interest Rate & Refinance Requirement: Similar to the FHA 203K loan, the need for refinancing to extract equity and convert to an investment property might add to your costs.I am a loan officer so I have some expertise in this area.
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2 July 2024 | 5 replies
Land in michigan is less than in texas , north texas.I will give you examples on cost differences.Material prices are the exact same price if not a little less.texas framing price per sqft $2.00plumbing $9500hvac $9500concrete Labor only $2.00 per sqft Concrete $180yd 5 sackdrywall $10500Electric $8000Ok here are the michigan prices , better sit down.framing $13.00 sqftplumbing $25,000hvac $20,000concrete is about the same for materialdrywall $20000electric $25000Both quotes were for a 3/2/2 home with 6/12 roof hipPeople in michigan wonder why houses are so expensive , its because of the sub contractors.The plumber only has about $5000 worth of material to do a whole house but yet there still asking for $25000
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2 July 2024 | 0 replies
We've noticed a very strong increase in out of state investor interest in Oregon motivated by Oregon 1031X Exchange transactions and wanted to share some insight into alternative income producing asset classes that are common, attainable and available in Oregon.
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2 July 2024 | 16 replies
If there is a leak, the first thing that should be done is to cut a hole in the drywall or plywood to get the wet materials out.
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2 July 2024 | 1 reply
Exploring alternative revenue streams, such as short-term rentals or mixed-use developments, can increase cash flow and diversify income sources.
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2 July 2024 | 20 replies
Is there more reading material regarding this aspect ?
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2 July 2024 | 3 replies
I like Wenatche, not exactly cosmopolitan, but a considered alternative to Seattle.