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13 August 2024 | 4 replies
Hi folks,My wife and I have a construction to permanent mortgage loan on land+home where we intended to build.Unfortunately, we found out that unexpected foundation work due to soft soil would likely make the project use triple our contingency reserve before even breaking ground.We are exploring our options on how to transfer our current financial obligations for this construction loan to some other loan offering (as moving forward with the project is now too financially risky).
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11 August 2024 | 16 replies
Yes, pivot from fixed income to hard assets and to a lesser degree soft assets.
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12 August 2024 | 30 replies
Market rents are $2,750 but let's go soft and say $2,500 just to be all the more conservative.
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8 August 2024 | 8 replies
I wrap them in tar paper or brush on actual tar or similar substance.
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15 August 2024 | 86 replies
Your comments about down payment size in a hard vs soft market make complete sense.
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8 August 2024 | 12 replies
If you are going off of zillow or another online service, it may not account for renovations you have done to the property. 2) Contact a Mortgage Professional for a Soft Pull of your credit.
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8 August 2024 | 22 replies
He pivoted to STR projects, rebranded as Techvestor and since then brushed off questions about Scout pads or MBD.
5 August 2024 | 11 replies
Keep the color scheme neutral, like soft grays or whites, and add color with accessories.
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7 August 2024 | 15 replies
(and we do a soft credit pull, so no more damage to that score :) )
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5 August 2024 | 3 replies
The total cost of the project including improvements, soft costs and carrying costs from acquisition to stabilization will be close to $2.65M and the equity requirement using the alt. lender was $480,000 vs. the traditional bank which would have been $800,000.