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4 September 2024 | 10 replies
However, downsides include regulatory restrictions on bank lending, many institutions that restrict concentration and geographies, and other headaches and issues that arise when dealing with a slower-moving bank.DSCR loans are the option that has completely changed the BRRRR lending landscape in the last few years.
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2 September 2024 | 7 replies
Legal Issues: Disputes between buyers and sellers can arise, leading to potential legal complications.Important Considerations: Contract Terms: It's crucial to have a well-drafted land contract that clearly outlines the rights and obligations of both parties.
1 September 2024 | 3 replies
if the need does arise to evict, it is part of the cost of business.
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8 September 2024 | 168 replies
Because the system is not in your favor (much like loans/ banking) and there are plenty of things that you are not thinking of nor are equipped to deal with as situations arise, so you pay a professional.
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30 August 2024 | 1 reply
Locking in Price: You can agree on a purchase price upfront, which can be beneficial in a rising market.
30 August 2024 | 13 replies
The scope of your property managers responsibilities will vary, and it is crucial to read your property management agreement whenever a dispute arises to familiarize yourself with your rights.
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30 August 2024 | 3 replies
Landlords/owners feel their rental apartment will be vacant for longer while others prefer to wait until more inventory arises in the warmer months.Astoria RentalsWhile New York City’s metro area as a whole, especially desirable areas like Astoria, is not considered to be a ‘cashflow’ market, there is upside to purchasing rental properties here.Median rent prices have risen from 2022-2024 as follows:Studio rents up 30%1-bedroom rents up 19%2-bedroom rents up 18.5%3-bedroom rents up 21%* While 4+ bedroom rents have increased as well, the findings are insignificant due to limited data/inventory for this apartment type.
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30 August 2024 | 6 replies
However, downsides include regulatory restrictions on bank lending, many institutions that restrict concentration and geographies, and other headaches and issues that arise when dealing with a slower-moving bank.DSCR loans are the option that has completely changed the BRRRR lending landscape in the last few years.
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30 August 2024 | 25 replies
No, but they will definitely help and also let you be more proactive before a problem arises.
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29 August 2024 | 14 replies
I suspect they'll again deny coverage, this time as a matter arising after the Date of Policy but I think it's worth a try.The 4.1 endorsement doesn't help because again, right now it appears title is as insured as of the Date of Policy.As the coverage letter states, a title policy is not a guarantee of title, it's an insurance policy that reimburses the insured for a covered loss and in some cases provides a defense against allegations in a filed lawsuit.