
13 July 2024 | 0 replies
Of particular interest are: Multi-Family Complexes, Medical & Industrial Parks, Warehouse & Storage Facilities, RV & Mobile Home Parks, Sale and Triple NNN lease backs, Agricultural and Timber investments.

14 July 2024 | 6 replies
Its been great while working in the house with the rehab, however I am concerned with a Tennant taking advantage of this: smoking inside, not opening the windows while running it causing a backdraft from other appliances like the water heater which would cause it not able to vent to the outside properly, and I'm sure there are others.

15 July 2024 | 22 replies
If cash flow is your concern that's probably the way to go.

16 July 2024 | 15 replies
Ultimately, we had concerns about the borrower’s ability to execute in a timely manner and we did not want to delay the outcome an additional six months.

13 July 2024 | 3 replies
Quote from @Scott Mac: iPhone (Even though I miss the candy bar phones). my first mobile phone was one of those in a case :) Also in our day with note collections borrowers would send in their check along with the payment book..

16 July 2024 | 34 replies
It's an inexpensive market, but don't fall for cheap opportunities that look good on paper and details left out concerning the location and the vacancy rate.

11 July 2024 | 4 replies
Hey Everyone! Looking to purchase 1-2 single family homes this year and trying to determine whether to self-manage or hire a property manager. Properties will be close by (30 mins) and currently do have the time to my...

15 July 2024 | 50 replies
@Elena Dubinski once I knew about tax liens and had a very basic understanding I took an attorney to breakfast and he cleared up most of my concerns about risks.

14 July 2024 | 6 replies
They can provide guidance on potential legal options and rights concerning the city’s demands and the lender.Negotiate with the City:Seek Extensions or Variances: Your friend can request an extension on the deadline to comply or apply for variances that might allow the property to meet less stringent requirements.Explore Grants or Subsidies: Check if there are any local, state, or federal grants or subsidies available for renovating older properties, especially those providing low-income housing.Engage with the Lender:Discuss Financial Hardship: Present the case to the lender, explaining the situation and the financial hardship imposed by the new building codes.Propose a Loan Modification: Suggest modifying the loan terms, such as extending the loan period, reducing interest rates, or even deferring payments temporarily.Negotiate a Short Sale: If the property must be demolished and rebuilt, your friend can discuss the possibility of a short sale where the lender agrees to accept less than the owed amount to avoid foreclosure.Explore Refinance or New Loans:Seek New Financing Options: Look for other financial institutions or private lenders willing to provide financing for renovation or rebuilding.

12 July 2024 | 2 replies
I would say that a good smartlock with a mobile app is always a good call.