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24 January 2025 | 12 replies
If it is a heavy rehab you'll need experience to get a fix n flip loan on it.What kind if real estate exp do you bring?
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27 January 2025 | 8 replies
I have had inspectors look at rooms on renovations that were not permitted (we weren't even doing work in the rooms) and asked that certain changes to be made to bring the room up to code (it was minimal).
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26 January 2025 | 10 replies
I would also find a good GC to bring with you to verify rehab and dial that in.
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6 February 2025 | 10 replies
Next Steps: Market Research: Look at local rental comps to get a clear picture of what a 4-bed/2.5-bath would rent for, as well as how much an ADU could bring in.
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18 January 2025 | 2 replies
A report from Apartments.com shows that 178,000 newly constructed units entered the market in Q3, bringing the projected year-end total to 636,000 units.
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5 February 2025 | 69 replies
The deposit amount when working with a lender comes from the lender - it is basically the amount of skin the lender wants you to have in the game.
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27 December 2024 | 8 replies
They also want a priority lien on the property.It sounds like you are looking for someone to fund your down payment, I would be looking for an equity partner over debt as nobody likes to lend money in insecure positions, especially when a borrower lacks skin in the game.How much are you planning to come in with yourself?
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21 January 2025 | 2 replies
With the rental method- you need to ensure that the numbers make sense and that you will be bringing in positive cash flow.
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26 January 2025 | 3 replies
With a large portion of the incoming migration coming from international residents moving to the District, emphasizing improving and bringing back Washington D.C. sports teams to the city should create a strong desire for domestic residents to want to live near a fun, community engaging activity that is very relevant to those that live in and around the city.The District also has other programs it is running to make the District more attractive to live in outside of just working in the area, such as the Office to Anything program (Source) and the Housing in Downtown program (Source) which will incentivize developer through tax credits to convert office buildings into new construction housing and new construction retail properties, which should continue to attract more residents back to the area.D.C. also understands that with all of these big changes we have seen, the strategy and allocation of resources from the government moving forward should be reassessed to create a city that is adapting to the future trends to remain a safe and desirable place for residents to live.
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28 January 2025 | 14 replies
There are also 'mezz' lenders (typically for larger transactions) who will cover up to 90% CLTV and require you to bring the remaining equity to the deal, and additionally there is Gap Funding in the form of unsecured personal debt.The latter can potentially be the most expensive option, but allows for true 100% financing as there are no restrictions for how to use these funds, as they are unsecured, and generally obtained through personal credit, income etc (since there is no collateral for obtaining these funds).