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11 December 2024 | 2 replies
Some examples of properties with high asset reclassification include medical clinics and hospitals with technical machinery and labs, grocery stores with machinery, shopping centers with rainwater drainage systems and large parking areas, industrial manufacturing facilities with advanced equipment, apartment buildings in suburban areas with swimming pools, golf courses, tennis courts and large parking areas for tenants.Here’s a list of the average amount of assets that can be reclassified into shorter asset life classes based upon the type of property.
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13 December 2024 | 2 replies
Key Steps Before ProceedingContact the Loan Servicer: They will guide you through the assumption process and confirm whether an entity can participate.Consult an Attorney: If you’re considering title transfers or joint ventures, an attorney familiar with VA loans can help you navigate potential risks.Understand Due-On-Sale Clauses: Ensure any post-assumption changes comply with the loan terms to avoid triggering repayment demands.Final ThoughtsVA loans are a unique and valuable financing tool, but the program’s focus on personal borrowers makes entity-based assumptions unlikely.
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13 December 2024 | 7 replies
This is public info and usually it will change based on seller being there a long time or something like an elderly tax rate.What are insurance costs like (we've got a lot of local variability around fire insurance for ex.)?
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11 December 2024 | 6 replies
Both programs can aggregate data based on filters like zip codes, sell scores, etc.
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11 December 2024 | 29 replies
Check does section 8 allow the rent you are asking based on the HUD website. 5.
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16 December 2024 | 21 replies
It's an extremely clear lease clause, tenant gets discount based on painting of rooms landlord chooses.
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11 December 2024 | 7 replies
You might also want to consult local property managers or rental market reports for a more accurate picture.When it comes to estimating CapEx during preliminary analysis, without visiting the property, you can use a general rule based on the property’s age and condition.
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5 December 2024 | 11 replies
As your base level of knowledge grows, you will start to develop a clearer picture on the things you want to do, and where you skill sets lie, which can narrow down who you may want for partner.
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10 December 2024 | 0 replies
Found this opportunity appealing based on positive cashflow/favorable cash-on-cash return.
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15 December 2024 | 13 replies
Obviously you said you are very experienced so I'm sure thats based on that.