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26 June 2024 | 12 replies
Foreclosures, short sales, and off-market deals can provide these opportunities.Target up-and-coming neighborhoods with increasing home values rather than already hot areas.Research comparable recent sales and get an inspection to accurately estimate the after-repair value (ARV) before making an offer.Follow the 70% rule - the purchase price plus renovations should not exceed 70% of the ARV to leave room for profits after selling costs.Focus renovations on maximizing returns - kitchens, bathrooms, curb appeal rather than over-improving.Hire experienced contractors and have a project manager oversee work to keep things on schedule.Price the renovated home at or just slightly below comparable recent sales to facilitate a quick sale.
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25 June 2024 | 10 replies
Also, a VA loan is a straight loan where you can use no money down which is a great advantage as a veteran versus a 203k loan which is a rehab loan which requires a 203k facilitator and contractor and the contractor gets paid in 4 draws that have to be approved first.
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24 June 2024 | 1 reply
Begin by seeking legal counsel to understand default partnership rules and facilitate negotiations.
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25 June 2024 | 8 replies
For Cousin B, we can look into mortgage options that facilitate the purchase of the 50% interest in the property.
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25 June 2024 | 39 replies
Not only do those ameneties make it more aesthetically pleasing, they also facilitate easier cooking and cleaning.
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22 June 2024 | 0 replies
By utilizing our capital, we facilitated a rapid sale for $180,000 in collaboration with our partner, J.L.
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22 June 2024 | 0 replies
By utilizing our capital, we facilitated a rapid sale for $78,500 in collaboration with our partner, Julie Bilyeu.
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22 June 2024 | 17 replies
This ordinance is significant for its comprehensive approach to addressing source-of-income discrimination, particularly in the context of housing and rental opportunities.Key aspects of this ordinance include:The creation of a $1 million Landlord Risk Mitigation Program to financially assist landlords who accept tenants with vouchers, such as Section 8.Establishment of a landlord liaison position within the City’s Housing Department to facilitate communication and support.Landlords are allowed to deny rental applications based on individualized assessments, such as criminal convictions, credit scores, and eviction history, but the ordinance also sets clear guidelines for what can and cannot be considered.It includes a delayed effective date, allowing time for landlords and tenants to adjust to the new regulations.The ordinance also specifies that certain properties, particularly older houses that cannot easily comply with current codes, are exempt from some of the source-of-income requirements.The guidelines provided by Kansas City's Ordinance 231019, detailing what can and cannot be considered in rental applications, include several notable points aimed at balancing the rights and concerns of both tenants and landlords:Individualized Assessment Allowed:Landlords can deny rental applications based on specific, individualized factors, including criminal convictions, credit score, eviction history, alleged damages, and rent-to-income ratio.
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20 June 2024 | 0 replies
Qualified Intermediary: You must use a qualified intermediary to facilitate the exchange.4.
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18 June 2024 | 5 replies
@David Song work with an experience qualified intermediary to help facilitate the 1031 exchange of two properties into 1.