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7 June 2024 | 24 replies
Hey Dan - We completely understand the concern.
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7 June 2024 | 8 replies
Best of luck and, please, keep us (and/or me) updated with how it goes and any questions/concerns that arise!
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6 June 2024 | 6 replies
Maybe you should address the concerns with the agent before trying to fire them, 2 weeks isn't a crazy amount of time.
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6 June 2024 | 8 replies
This tenant has been great, and I want to encourage them to renew, but I’m also concerned about potential risks if I permit subleasing.Can anyone share their expertise on subleasing?
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6 June 2024 | 8 replies
I was concerned with the safety of the neighborhood, not with what my potential neighbors looked like.
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6 June 2024 | 7 replies
Verbiage could vary from state to state, or lender to lender, or by loan type, so you can always check with your lender if you're concerned.
8 June 2024 | 40 replies
This is actually the hottest market in America IMO.With that level amount of money you have to play big and do NOT think small ( i am still small investor LOL)I'm concerned I might run out of cash servicing the debt (I presume you were implying a take a loan and use the $5M to leverage into something bigger) and overall expenses of a massive, muti deca-million property, if it weren't a multifamily.
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6 June 2024 | 2 replies
I deal with several, the down size is you will definitely need to come up with 20-30% down with these loans but the terms are very favorable. please feel free to reach out if you have any other questions or concerns.
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5 June 2024 | 2 replies
There's < 2 months of seasoning for the purchase, cash into the deal is ~$975k w/o rehab (minimal planned so far - turnkey), purchased the property for 35-40% below assessed value, 825+ FICO, and would optimally like to pull out $975K-$1.15M of equity.Main scenarios we've thought of to accomplish this are: 1) structure sale of property from SMLLC to self and secure 30-year new purchase financing on deal (unsure if legal and tax implications if above initial cost basis)2) delayed financing (LTV restrictions a concern)3) cash out refi (seasoning concerns)4) DSCR (seasoning and rate competitiveness concerns)5) one of the above plus a HELOC, personal loan, etc.?
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6 June 2024 | 4 replies
A Self-Certified permit review would likely only take a few weeks; as compared to 4-6 Months for a project which is not "Self-Certified" and needs to go through the "Standard Plan Review" process.A Zoning analysis should be performed for your property ASAP using a Plat of Survey to ensure you would be allowed to build what you want to build, and check for any potential "Setback" concerns when it comes to adding Dormers...