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28 January 2025 | 56 replies
The replacement cost (cost to rebuild, not the value of the property) data providers are pegging the quadplex at close to $2M and most 1-4 unit rental property insurance programs tap out at $1-1.5M before you'd end up in a commercial insurance product.
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10 January 2025 | 5 replies
I'm sure over time more laws will be created to force the government to give that information in a more timely manner but for now they often obstruct the public by withholding it for a time.
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21 January 2025 | 15 replies
@Dave Bobka @Justin Arnold So, if an investor is looking for a larger, family style home for a Section 8 tenant that is dependent upon public transit, this would be a great property, wouldn't it?
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15 January 2025 | 10 replies
If you're planning an open house at a vacant listing, know that you've just let the general public know that it is just that - vacant.Better safe than evicting/repairing...
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7 January 2025 | 27 replies
The S8 program was never designed to put S8 tenants in Class A rentals!
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21 January 2025 | 15 replies
As mentioned by @Chris Mason, Bridge Loans: These short-term loans can provide immediate financing until more traditional financing becomes available or until the property stabilizes and becomes more attractive to lenders.Interest rates and stipulations may be a pain.Out of the box here and requires a few more research, SBA Loans: Small Business Administration loans can be an option, especially the SBA 7(a) loan program, which can be used for hotel acquisitions.I heard someone mention - Mezzanine Financing: it involves a combination of debt and equity financing, which might appeal to some investors looking for higher returns.
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14 January 2025 | 15 replies
It varies by program.To learn more about DSCR programs: DSCR loans won't use your income to underwrite the loan.
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6 February 2025 | 7 replies
This specific tenant is in a program so the longer they take to send me the document, the chances of issues coming about is higher.
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8 January 2025 | 14 replies
Lender A is $500 cheaper in lender fees because they dont pay for some program or staff who, among other things, doublechecks info inputs and documents for accuracy.
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29 January 2025 | 68 replies
There is no public database for property values.