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11 September 2024 | 5 replies
This is the stage of the process where your lender can issue your loan docs out to escrow/title/settlement and these folks can schedule your signing for closing.Before it can reach CTC you'll need to make sure all income/assets/credit remain the same so that means no changes to your credit that are bad or adverse, no job or income changes ideally, and hopefully those funds you've set aside to close with are still "there," so we can keep this closing on track.If you had any questions left feel free to fire them off.
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11 September 2024 | 10 replies
A contingency in this case means setting aside extra funds to cover any unexpected cost increases during construction.
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12 September 2024 | 6 replies
Hi folks!
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12 September 2024 | 15 replies
Lining up back ups (back up contractor, PM, extra reserves) won't hurt as well.
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11 September 2024 | 3 replies
Future tenants would likely appreciate the extra storage, and it could make your duplex more attractive in the long run without the hefty upfront investment that a full conversion would require.Another idea is to repurpose the shed into a functional office space or a private workout area.
11 September 2024 | 9 replies
Upgrades like in-unit laundry, new flooring, or upgraded kitchens can increase perceived value without major investments.Rent out Extra Space→ If possible, look for ways to increase income from the property.
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11 September 2024 | 18 replies
Hi BP folks..I've been noticing in Cleveland quite a few Triplexes for sale but are on public record as being a *Duplex*.
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10 September 2024 | 11 replies
I can typically find a new tenant to start renting shortly after the original tenant leaves, earning me a little extra money for my trouble.For tenants that can't/won't pay the termination fee, we let them know they remain on the hook for all expenses until a new tenant takes over.
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12 September 2024 | 32 replies
I'd like to get the thoughts of folks on this thread . . . what's a quick and dirty way to determine the ARV of a 2-4 unit multifamily?
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10 September 2024 | 2 replies
I'm looking for someone to share a room with and I'm also trying to go for an extra day (5th-9th)!