22 May 2024 | 18 replies
Many lenders are requiring longer seasoning requirements, will ask for a second appraisal, and will cut value if the comps on the appraisal do not support the value of the property.
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21 May 2024 | 16 replies
What investors don't understand is that their ignorant focus on the cheapest price, attracts either bozos or cut-rate companies to cater to them.
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21 May 2024 | 8 replies
That said, we are not in a market where the average deal is likely to have enough potential return to justify paying 9-12% on a HELOC... unless there is a value-add component with a clear & compelling refi strategy later.
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21 May 2024 | 2 replies
Add into the equation the cost of materials and it makes sense that builders are finding ways to cut overall build costs and one of those ways is to buy land cheaper.
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22 May 2024 | 20 replies
Time and time again when I tried to cut costs by having a 'handy man' do a contractors job to save an owner money it bites me!
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21 May 2024 | 4 replies
House hacking helps with costs and uses current savings while waiting to save more cuts debt.
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22 May 2024 | 30 replies
In this way I believe I cut the economic interest of the PM to continue create/find creative problems in order to rise their repair %.
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21 May 2024 | 25 replies
There's not enough spread between your mortgage and the LTR rates to leave much of anything after they take their cut.
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21 May 2024 | 4 replies
I've been searching for a while here on BP but have not found a thread related to my situation:I've been renovating and renting a property for just over 2 years and may be in a position to sell/close in the next 30-60 days.I am trying to cut-off major projects at this time to make a clean break, however we have committed to replacing windows in one of the units (windows are already ordered), with total project lead-time of 45-60 days (windows have been hard to get for the past year).In the event we have a closing date PRIOR to window installation, how should we handle paying the contractor?
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21 May 2024 | 12 replies
Keep the deposit and cut your losses and keep peace of mind.