Chris Kay
How Far Does $50k Go for Rehab?
8 January 2025 | 10 replies
We had to do a lot of electrical work, bathroom, kitchen rehab, total paint and a new roof.
Graham Lemly
Financing Strategies for house I want - Hard Money, Rehab or Conventional?
4 January 2025 | 1 reply
Here is some key information:Property recently hit the market and has 2 cash offers alreadyThe seller provided a pre-inspection report, which I shared with 2 different lenders, both think it may fail conventional financing due to potential structural and electrical issues (realtor thinks it could pass conventional)Seller has 100% equity but is behind on other payments (not sure of the urgency money is needed)This is my first attempt at an “investment” property so I’m new to thisI see 3 optionsMove forward with an offer using conventional loan pre-qualification-Not as attractive of an offer to the seller-Possibility that appraiser calls out structural/electrical issues that need to be fixed before closing, effectively causing financing to fail- Best terms and fewest loan fees for meUse a rehab style loan such as ChoiceRenovation-Even less attractive than a conventional offer to seller, but less risk of failed financing if appraiser calls out issues-Slightly worse fees and interest rates compared to conventional-Lenders tell me possibly up to 60-90 days closing in some cases, with red-tape for contractor requirements and draw schedules (sounds like the most hoops to jump through during rehab)Use a hard money lender-Most attractive loan option I can give to seller so I can compete-Much higher fees and interest rate for me-need to refinance into a conventional at the end of rehab (not familiar with seasoning periods but I think this is a factor as well)Which option would you do?
Chris Garnes
Please help - advice needed to complete two flip properties.
2 January 2025 | 2 replies
Estimated cost for remaining changes (all new electric, drywall, tile, fixtures, cabinets, roof, doors, windows, heat pump, some siding, and fencing.
Scott Innocente
Investing in Windsor Ontario
8 January 2025 | 698 replies
Building batteries for electric vehicles requires two things: lots of clean, green electricity; and copious raw materials.
Buddy Herbruck
Wholesaling Land DD Period
30 December 2024 | 1 reply
Start with a standard offer, and write a contingency into it for electricity, all the below ground utilities, and then work your way to zoning, permitting etc.
John Brown
Renting short term on a sub leased property: Is it much harder? (rental arbitrage)
8 January 2025 | 15 replies
He does not want to deal with the headache of tenants cleaning or any thing to do with STR.
Matthew Paul
Home inspector says deck isnt up to code .
22 December 2024 | 23 replies
This is where smoke/CO detectors, grounding, electric garage door reversers, and other goodies came from.If the municipality performing the U&O calls out an item, Seller is stuck with resolving it either by fixing it or negotiating it with the buyer.
Valentin Diaz
Fire Code Compliance
6 January 2025 | 3 replies
A year ago I recently purchased my first multi family to house hack and I rant into a issue when the seller paid for a electrical upgrade to the home.
Aidan Williams
Cleaner Making More than Property Manager
28 December 2024 | 12 replies
I would consider getting out of property management and getting into cleaning IF you think they are doing better than you .
Puneet Mahi
Texas or Florida?
2 January 2025 | 10 replies
Trying to run a successful PMC is difficult but trying to run multiple companies - VR, Annual, cleaning, and landscaping is probably going to give you an aneurism.