Unal Baris Kancoglu
HVAC is red-tagged. Need to replace it as quickly as possible.
15 January 2025 | 11 replies
We typically pay somewhere in the range of $3500 for a new, basic furnance, including install, if there are no other modifications to the system required.
Adriana Medina
Questionable Prospective Tenant
6 February 2025 | 11 replies
@Adriana Medina, a typical landlord is not a skilled detective/investigator.
Arthur Tolentino
First-Time Investor Seeking BRRRR Advice for Small Multi-Family in Allentown/Philly
6 February 2025 | 9 replies
The ARV on small multifamily can be a bit tricky as most appraisers will like to use the comparable approach as to an income/NOI approach typically used by larger (5+) multifamily properties.
Rick Im
2nd mortgage lender
17 January 2025 | 4 replies
Typically max leverage is 70CLTV - very higher Prepayment penalties and be ready for rates north of 12% - I answer this question all the time.
Golan Corshidi
Can you find good deals on the MLS that have been sitting on the market for a while?
24 January 2025 | 6 replies
Golan,There are typically two reasons why a property listed on the MLS hasn't sold: either it’s overpriced or there’s an issue with it.
Simon Packman
Multi Family insurance
30 January 2025 | 8 replies
For example, State Farm typically requires the latest inspection report for underwriting on multi-family properties that are over 30 years old.
Clarase Mika
Did You Know You Can Purchase Property in Germany With Only 5-10% Down? Here’s How
24 January 2025 | 0 replies
Understand Realtor (Agent) Fees- In Germany, real estate agent (Makler) fees are typically paid by the buyer and can range from 3-7% of the property purchase price, plus 19% VAT.- These fees are due at closing and are part of the overall transaction costs.6.
Joel Betances
First time landlording help
30 January 2025 | 4 replies
We typically see FICO scores in the 560-620 range for Class C, below 560 for Class D.Recommend only looking at convictions & evictions in the last 2-3 years, ignore older ones.Focus on the last 2 years of employment via YTD paystub and 2024 & 2023 W-2's.
Matthew Marenyi
Advice needed on best way to cashflow or exit my deal
4 February 2025 | 2 replies
I would look at the DSCR loan as the first option.By the way, I suspect you are going to be disappointed by any refi appraisals ADUs typically appraise poorly JADUs can lower the property value Vs having the space as part of the primary unit.
Shannon Hartzell
I need a creative loan for an investment property
27 January 2025 | 5 replies
Private Money or Hard Money LoanHow it works: Short-term loans from private or hard money lenders to purchase the lot and finance the construction.Benefits: Easier approval and faster processing, focusing on the property value rather than your income.Downside: Higher interest rates and shorter loan terms (typically 6-18 months).