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19 February 2025 | 6 replies
Lenders typically require a resume for the GC involved in the borrower's project to assess their qualifications.When it comes to a GC getting funding for their own projects, while some lenders will take your experience as a GC or builder into consideration, most primarily look at your track record as a borrower on title when determining approval and pricing.That said, if a lender deems your experience sufficient, they may allow you to act as the primary GC on your own project instead of requiring you to hire a more experienced GC.
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14 February 2025 | 7 replies
The fourth consideration for condo owners is special assessments, which re have been hit for, parking lot paving, new roof, and new siding.
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16 February 2025 | 1 reply
This is a family property for which I will be paying 3/4 of the most recent assessment value.
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22 February 2025 | 5 replies
Have you had a licensed foundation engineering give you an assessment?
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12 February 2025 | 20 replies
Structurally, the property is in pretty good shape EXCEPT one problem that I cannot properly assess: the plumbing will not hold pressure.
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19 February 2025 | 5 replies
You are assessed interest but it gets paid back to the account and you get to keep it.
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25 February 2025 | 8 replies
Being close to a MARTA bus stop is always a good factor in assessing whether or not the property should be held as a PadSplit.
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26 February 2025 | 7 replies
I believe it is completely reasonable to have a clause in your lease that places a cap on utilities with any overage (proven by a bill) being the responsibility of the resident.Our clause states that any electrical bill (we don't have gas, and water has never been a problem) that is over double the same month's bill from last year will have the overage assigned as a fee.It is important to keep your bookkeeping straight if you do assess a fee.
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10 February 2025 | 6 replies
This will help you close deals faster.Focus on marketing and lead generation to find motivated sellers—direct mail, driving for dollars, and online marketing all work well here.Know your numbers—being able to accurately assess the value of properties and make solid offers is key.Network with other investors and professionals—attend local REI meetups, connect with title companies, and build relationships with hard money lenders.Feel free to reach out if you ever want to chat more or exchange ideas!
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6 February 2025 | 5 replies
You may also need a fire remediation specialist to assess the damage.