Brad Birky
Buyers can't get financing due to zoning
27 August 2024 | 12 replies
., the destruction threshold); which Property characteristics the destruction threshold percentage applies to, such as market value, assessed value, replacement cost, or unit count; for Properties with multiple buildings, if the destruction threshold percentage applies to each building, or all buildings as a whole; the replacement cost to rebuild per current requirements for zoning, and land use; the Property’s continued marketability, and economic viability; the amount and type of Borrower-maintained insurance coverage required per Part II, Chapter 5: Property and Liability Insurance, Section 501.02C: Ordinance or Law Insurance; insurance loss proceeds payout, compared to increased rebuilding costs, including from building code changes, Americans with Disabilities Act compliance, and the municipality's local zoning requirements (e.g., green compliance for new buildings, etc.); the sufficiency of estimated insurance proceeds from ordinance or law insurance and other coverages to repay the Mortgage Loan in the event of partial or full casualty, or condemnation; and for a Tier 3 or Tier 4 Mortgage Loan, if requiring execution of the Limited Payment Guaranty (Form 6020.LPG) would mitigate the risk of the as-rebuilt Property not supporting a Tier 2 Mortgage Loan.
Shelly Glennon
Long term tenant (40+ yrs) newly negotiated lease asking Landlord to pay commission
26 August 2024 | 9 replies
Unless they are asking for a commission amount that is out of the ordinary just pay it and get the lease signed before something changes.
Jim Stoffey
Joint Venture - Is this a Scam?
1 September 2024 | 79 replies
I saw an episode of American Greed this weekend, regarding a company called Remington Financial Group that charged an up-front fee to entrepreneurs in exchange for helping them find funding for their ventures.
Joseph Beilke
Bourbon and Whiskey?
28 August 2024 | 74 replies
I recently got an Advent Calendar, 24 days or Bourbon and American Whiskey.
Collin Hays
Games Insurers Play
21 August 2024 | 6 replies
I've had a property insured with American Modern for a number of years.
Bob Willis
Private Lending vs Syndication - looking into both
23 August 2024 | 10 replies
With a fund some can offer tax preferred treatment such as dividend vs ordinary income so it’s something to review not just gross but net returnsThere is no right or wrong answer to this, it’s truly a preference and how comfortable you are with each type of investment
Dennis Morrissey
Private Money vs. Hard Money: Which is Best for Your Real Estate Investment Strategy?
22 August 2024 | 4 replies
AAPL has been trying to stop using the word hard money because it has a negative connotation and move everything over to private lending.But Ned is right, I had always viewed it the way he has as well, but as a lender I have no friends, so I guess them I am allowed to use it interchangeably.The Demise of “Hard Money” in a Private Lending World | American Association of Private Lenders (aaplonline.com)
Gaurav Vedi
How to create LLC/Scorp structure for Rental properties
21 August 2024 | 7 replies
For questions #3 and #4, you need to have a reasonable and ordinary expense for doing this, and you would likely need to track usage.
Ruchit Patel
Equity Rich Cash Poor! Need HELP~
22 August 2024 | 17 replies
From my 6 years of living in USA, my observation, I have realized that in American norms, parents' well-being in not their kids' responsibility.
Account Closed
Vice President Harris Announces Economic Agenda
21 August 2024 | 182 replies
Quote from @John Canwell: Last point - Americans need to start being minimalists.