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6 August 2024 | 2 replies
It’s been unable to sell because the original house was a single wide in the 70s that was then added on to.This makes financing either difficult or very expensive for people (especially since it’s a low price point and mainly first time buyers).We would be paying cash - so it’s not an issue for us.
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8 August 2024 | 17 replies
“Force Majeure” means: hurricanes, floods, extreme weather, earthquakes, fires, or other acts of God, unusual transportation delays, wars, insurrections, civil unrest, or acts of terrorism, governmental actions and mandates, government shut downs, epidemics, or pandemics, which, by exercise of reasonable diligent effort, the non-performing party is unable in whole or in part to prevent or overcome.
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8 August 2024 | 29 replies
There's always going to be a limit on what you can do on your own if you want to grow your portfolio. 2nd idea-If your goal is to grow the portfolio in the short term and your unable to use a 1031 to defer capital gains I recommend you discuss with @Aaron Hickey.
6 August 2024 | 2 replies
The reconstruction project is taking longer than expected, and I'm facing ongoing fees every month, despite being unable to use the property for rental or personal purposes.
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6 August 2024 | 4 replies
But they might ask you to write an LOX explaining that you are unable to procure a letter from a CPA - and then offer up something else that checks the box.Hope it helps!
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7 August 2024 | 13 replies
My thoughts on the HELOC are that we could use it to renovate our current properties and use the funds to fix up distressed properties in the future(doing BRRR-like activities) and thinking it could be used as a safety net if needed.Should we be doing this HELOC if we are unable to pay it back in full at a later date.
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5 August 2024 | 7 replies
Unfortunately that left me unable to purchase properties the following year.
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1 August 2024 | 42 replies
What you described is in fact a modular home spec. I
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1 August 2024 | 2 replies
I even have a mixed use property I’d like to throw in if any lenders can get that creative, but that one’s not a deal breaker.I currently use several DSCR lenders for my BRRRR’s, but the 2 main issues I’m running into on this portfolio are: 1) unable to finance the rural properties, and 2) unable to finance the mixed use.Thanks!!!
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31 July 2024 | 5 replies
I am wanting to do a cash-out/refi on a property CRA is auditing my 2022 taxes, bank won't initiate an application if taxes show owing. I have sent everything back to CRA and expect full amount owing to be reversed. B...