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25 June 2024 | 3 replies
I don't want to go through this process only to be denied 30 days into an escrow period because the lender missed something.
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25 June 2024 | 6 replies
Right now there is not enough housing period, let alone affordable housing.
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25 June 2024 | 9 replies
Otherwise you are looking at mid to high 7s at par If this is an investment property, you can achieve a rate in the high 6s on a DSCR based loan with a low LTV, high fico, high prepayment penalty period.
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27 June 2024 | 62 replies
The client has to be able to develop an unlimited amount of homes during any fiscal period which apparently requires retaining a general contractor to 'supervise' the work or act a project manager.In case something still isnt clear, client does not have some sort of challenge with materials sourcing nor do I foresee an issue with sourcing for labor hence the 'relatinships' you reference does not particularly provide any value for this particular client in this specific instance.
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24 June 2024 | 20 replies
That is why you should request to review all contracts related to the property (not just leases, but other service contracts too, like pest control, cable tv, etc. that the owner may have) during your due diligence period of escrow.
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27 June 2024 | 47 replies
(A) Any security deposit in excess of fifty dollars or one month's periodic rent, whichever is greater, shall bear interest on the excess at the rate of five per cent per annum if the tenant remains in possession of the premises for six months or more, and shall be computed and paid annually by the landlord to the tenant."
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26 June 2024 | 17 replies
We do not accept people with evictions, period.
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25 June 2024 | 8 replies
You can always consider buying down the rate, but the reason we don't recommend it right now (and the reason I didn't in December) is because your recoup period on paying points in generally 3-4 years right now.
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25 June 2024 | 3 replies
This helps in planning and ensures you’re prepared for unexpected costs.Consult with Your CPA Regularly: Have periodic check-ins with your CPA to review your financial strategy, tax planning, and any changes in tax laws that might affect your investments.