
16 September 2024 | 3 replies
The house was affected by a fire and most of the rehab was done by the pervious owner on the insurance.

16 September 2024 | 5 replies
Your insurance and property taxes will be set according to your purchase price.

16 September 2024 | 6 replies
Here is the fee structure:- Flat fee of $595 per transaction (deal over $1M has a higher fee)- 100% commission to agent- Free E&O insurance $1M for every transaction- Updated forms for buy & sale transactions (similar benefits as from the NAR membership)- Annual membership fee of $109X3=$327- No mandate on NAR membership ($550 per year in MA.

12 September 2024 | 0 replies
What are the must-haves to have your insurance policy ?

16 September 2024 | 4 replies
I haven't had someone misunderstand me because I always say "100% financing of the loan and rehab costs, requiring you to bring much less to the closing table" and then proceed to explain lender fees, insurance, and title fees that are due at closing. :)

15 September 2024 | 18 replies
I'm assuming you purchased without getting a title insurance policy yourself, if I'm wrong, I suggest you submit a claim to the insurer.

16 September 2024 | 4 replies
before even finding a buyer, I’m pretty sure first you have to find a good title group or real estate attorney that will do your paper work and contracts, and provide you with insurance if something happens later on.

17 September 2024 | 11 replies
Just a few weeks ago we attempted to get a rental closed in a series LLC but the insurance company refused to put the policy in the series LLC name.

18 September 2024 | 6 replies
I am not sure where insurance settlements come into play, but likely ahead of your position.

17 September 2024 | 2 replies
By carefully balancing the collateral and ensuring rigorous underwriting standards, it is possible to mitigate potential downsides while capturing the upside potential, providing a compelling investment proposition in a competitive market.Uses of Mezzanine Debt CapitalMezzanine debt can be deployed effectively in several ways, including:- Liquidity Provision: Providing liquidity to set aside interest reserves for first lien lenders and tax and insurance escrows required by the first lender.- Property Improvements: Funding additional property improvements such as renovations, HVAC work etc.- Operating Shortfall Coverage: Addressing operational shortfalls during challenging periods.Objectives of Mezzanine DebtThe primary objectives when using mezzanine debt include:- Project Stabilization: Completing renovations, construction, or improvements and then stabilizing the property with 90%+ occupancy.- Interest Rate Management: Buying time until interest rates normalize or decline.