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28 December 2024 | 1 reply
I care about collections, not just bodies in the building.
29 December 2024 | 9 replies
Typically when you see "cash only" the agent doesn't believe the property can pass a home inspection which isn't relevant for construction loans in most instances and there are plenty of banks, hard money lenders etc. who offer construction financing on distressed buildings.
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2 January 2025 | 14 replies
Always excited to connect with others building something from the ground up!
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29 December 2024 | 3 replies
@Mitchel Johnson Welcome to BP and I wish you the best in investing..Usually people start by going to local meetups and building a network of trusted people to get their feet wetHere is an examplehttps://www.meetup.com/find/?
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27 December 2024 | 1 reply
The setback requirements to build in my county require 80' minimum wide street frontage per this neighborhood zoning.
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2 January 2025 | 5 replies
For instance, one investor I worked with used it to jump from a duplex to a 4-unit building in Phoenix, effectively doubling their rental income as well as the forecasted appreciation rate on their new property.
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13 December 2024 | 4 replies
A loan commitment letter carries more weight as it confirms lender approval, signaling a stronger ability to close.Addressing Closing Concerns: A commitment letter meaningfully reduces concerns, especially when paired with proof of equity and a track record of performance, even if on smaller deals.What Brokers Look For: Key factors are a reputable lender, clear terms in the commitment, and evidence of funds for equity and reserves.
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2 January 2025 | 10 replies
.- Send emails and texts to all tenants in the building reminding them of "quiet enjoyment" and respectful behavior to their neighbors.- Avoid being the mediator, judge, and jury
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28 December 2024 | 1 reply
And have you thought about building back utilities?
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2 January 2025 | 16 replies
We worry about the hassle of dealing with properties in poor condition and not building enough equity.