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8 August 2024 | 0 replies
A study by Geraci LLP, analyzing data from 125 lending companies, shows that the private lending industry performed significantly better in the first four months of 2024 compared to the same period in 2023.When it comes to short-term loans—like fix-and-flip, construction, and bridge loans—there was a notable increase in production from 2023 to 2024.
8 August 2024 | 10 replies
It's usually 45-60 minutes instead of 15 however, and a local rep or property manager can be the "designated agent" who is required to respond to nuisance complaints within the given time period.
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8 August 2024 | 7 replies
Commercial real estate loans have different requirements and terms, such as shorter terms and longer amortization periods.
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8 August 2024 | 4 replies
But there might be hold periods of less (or more) time that are appropriate also.
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8 August 2024 | 8 replies
You may always administer a rent raise if you are looking for higher income from the units. 30 day period after a year of renting, ect.
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9 August 2024 | 16 replies
IRS Publication 527 is a useful guide.If you rent the house out long-term, you’ll depreciate the asset over a 27.5-year period.
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8 August 2024 | 4 replies
The only thing they have is a list of current properties which are on the upset bid period, and then just a billboard of documents scattered around showing properties which are in pre-foreclosures.
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8 August 2024 | 2 replies
if you think there is more equity there you could have an appraisal done… but some lenders will not re-evaluate a recent purchase for a set period of time… they will just stick with the old purchase price as its value (varies by lender) unless you can show significant improvements you did to justify a higher price.
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7 August 2024 | 3 replies
Tenant protection issues - We’re in CA and introduction of limits on rent increases so want to be sure that we have the lease structured so the tenant reverts to a market rate rent at the end of the 3 year period or moves out if unwilling to pay that rate.I’m struggling with the 3 year lease being long, I don’t think I could enter an indefinite (til death) lease.Another thought what if one spouse dies and the survivor remarries a younger person?
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7 August 2024 | 6 replies
Fundamentally, I want a balance between an efficient, market-rate park and tenants who are happy and comfortable.