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8 July 2024 | 1 reply
My firm also manages properties for our clients and although its a small portion of our business, its a great way for us to stay involved with clients to better understand & anticipate their needs.
9 July 2024 | 22 replies
Also, I would also not cross-collateralize the houses if a lender would even do a portfolio loan.On your second question about multifamily, I would not jump to multifamily until you have experienced the common management problems with single-family as the expenses scale with the size of the property as well as the cost of mistakes.I would consider getting Home Equity Lines of Credit (HELOC) on each property.
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9 July 2024 | 2 replies
Look for well-documented processes and continuous improvement evidence to identify potential bottlenecks.Market and Demand AnalysisUnderstand market conditions and future demand projections by analyzing market size, growth trends, and competitive landscape.
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10 July 2024 | 31 replies
For the bathroom vanity Home Depot has a much more modern looking one with sink that looks similar in size to your existing one for about $170.
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10 July 2024 | 31 replies
It needs to properly sized for the square foot and the sun load and the amount of insulation in the unit.
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8 July 2024 | 11 replies
I'm very skeptical that a BR rental of that size with an ARV of less than $150k will bring $2k+ month in rent, but Ive been wrong before.
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7 July 2024 | 11 replies
It took 5 trips from differenr contractors to fix the toilet rhat never stopped running turns out they had the wrong size flapper.
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8 July 2024 | 1 reply
That size park will make it very difficult to find more typical MHP financing.
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8 July 2024 | 12 replies
One of the changes was to limit the number of permits in the Tahoe Basin portion of the County to 900 permits which were reached on Monday, May 24th.
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8 July 2024 | 22 replies
Fannie Mae's guidelines verbatim are as follows:Must be occupied by the borrower for some portion of the yearMust be suitable for year round occupancyBorrower must have exclusive control over the propertyMust not be rental property or a timeshare arrangement (this has the following disclaimer in the guidelines: If the lender identifies rental income from the property, the loan is eligible for delivery as a second home as long as the income is not used for qualifying purposes, and all other requirements for second homes are met (including the occupancy requirement above).Cannot be subject to any agreements that give a management firm control over the OCCUPANCY of the propertyThis means that as long as you intend to occupy the property some portion of the year, you could absolutely rent it while you are not using it.