10 September 2018 | 6 replies
Here are the terms and fees: 12% - 14% interest only payments3 to 5 points origination (depends on location)Appraisal Fee: $425 – $550 (dependent upon location and independent appraiser’s fee)Inspection Fee: $100 - $150 / inspectionLoan Documents: $475Loan Admin Fee: $500Credit Report Fee: $30 ($35 for Joint)Flood Certificate Fee: $15Monthly Servicing Fee: $15 A mortgagee’s title policy is required.An insurance policy is required on all loans for the term of the loan.Up to 70% of the After Repaired Value (excluding points & fees), not to exceed 100% of cost.6 month term3 month optional extension (extension fees may apply)While these fees can be significant on the front end, it can save you money on the back end.

13 October 2018 | 4 replies
From my limited understanding, a Certificate of Appropriateness is necessary for approval on any new construction.

18 August 2020 | 41 replies
I had actually seen the amendment but then also came across this article below which got me really worried but I guess my concern on rental payments etc can be mitigated with an estoppel certificate. https://www.nj.com/hudson/2020/05/union-city-landlord-group-files-lawsuit-to-overturn-new-city-laws-freezing-rent-increases-and-halting-evictions.html#:~:text=Union%20City's%20eviction%20freeze%20ordinance,COVID%2D19%20state%20of%20emergency.

24 September 2018 | 11 replies
You cannot assign your price quote, so you will have to pay the purchase price and then flip the certificate or tax deed.

15 October 2020 | 5 replies
Hello, Here are two options as I’ve worked for a large bank opening business accounts With the series LLC verbiage in the master certificate of formation and an operating agreement that outlines the intent of the series LLC, you should be able to get separate EIN numbers for each series and open the accounts with all of those documents.OrYou can register the DBA owned by the series LLC through the Secretary of State which is the easier route.

18 September 2020 | 8 replies
Sometimes they've been inspected but never deleaded, this prevents you from being able to rehab that property until you get a lead certificate.

9 January 2023 | 7 replies
I send my tenants a Holiday card with a $50 dollar gift certificate to a local restaurant.

8 January 2023 | 8 replies
This turns out to be majority of the work that I do-- Pay utility bills and mortgage monthly-- Property tax payment (if not escrowed), city trash collection fees (once or twice a year)-- Coordinate annual maintenance of sprinkler system certifications and fire alarm monitoring contracts-- Review owner statements from prop mgmt. company every month to identify inflated or incorrect charges.

4 November 2021 | 13 replies
Everything I have built has been sold or rented before I had the certificate of occupancy.

15 April 2020 | 5 replies
The only thing aside from the certificate of good standing, formation and Operating Agreement, would be a Corporate resolution between members granting Authority to sign in case either one can’t sign for whatever reason.