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1 July 2024 | 3 replies
A ‘no seasoning’ program does exist, but the ARV must exceed $100k.
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28 June 2024 | 1 reply
I have been digging through the guidance and am wondering if anyone has ever taken advantage of the following clause regarding 203k improvement types from the HUD SFH Handbook 4000.1, pg 374:- "reconstructing a Structure that has been or will be demolished, provided the complete existing foundation system is not affected and will still be used;"- "repairing, reconstructing or elevating an existing foundation where the Structure will not be demolished;"Guidance link: https://www.hud.gov/sites/dfiles/OCHCO/documents/4000.1hsgh.pdfHas anyone ever built a new home on top of an existing foundation using a 203k loan?
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30 June 2024 | 5 replies
Sub 2 was not in my vocabulary 3 years ago when I started in Real Estate, now Sub 2 or buying subject to its existing financing is a common term I use daily!
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1 July 2024 | 14 replies
This is my first project that I'm doing on my own - 425sf addition + upgrading existing house.
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29 June 2024 | 7 replies
I am in the process of purchasing my first STR. I found a condo I like that already is an established STR. The seller is booked out until August. She said the way it would work is she would add me as a co-host on her ...
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2 July 2024 | 10 replies
In one of the podcast episodes, I remember them saying that if you are trying to avoid raising rents too high on an existing tenant, you are better off renting at the full amount you can and then giving them a discount on the rent.
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30 June 2024 | 5 replies
Does that exist in the southernmost tip of Texas?
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1 July 2024 | 12 replies
@Henry Clark, not exactly applicable to your start of this post but in response to this last reply, do you think its better to build still than to buy existing?
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30 June 2024 | 11 replies
@Jason DiClemente are they tearing off the existing shingles or are they laying shingles over it?
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1 July 2024 | 5 replies
(Again, you could be comingling, depending on what your plan was for this).4th issue, in trying to keep the existing parent LLC functional for potentially both, it makes it unclear the purpose of the LLC in the first place (this is something typically indicated clearly in your Operating Agreement, assuming you have one).