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22 January 2025 | 7 replies
That sort of thing is typically negotiable.
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24 January 2025 | 1 reply
Anything under 4 is typically considered a seller's market, while 4 to 6 months of supply is typically considered a balanced market.There are over 100 major cities on this list - I wanted to see how Raleigh and Durham stacked up (and North Carolina overall).
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25 January 2025 | 17 replies
Typically, I also avoid paid education because there is so much free content.
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30 January 2025 | 8 replies
For example, State Farm typically requires the latest inspection report for underwriting on multi-family properties that are over 30 years old.
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30 January 2025 | 4 replies
We typically see FICO scores in the 560-620 range for Class C, below 560 for Class D.Recommend only looking at convictions & evictions in the last 2-3 years, ignore older ones.Focus on the last 2 years of employment via YTD paystub and 2024 & 2023 W-2's.
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4 February 2025 | 10 replies
Quote from @Devin James: In one of our development projects, the City staff asked us to remove 40 units from our concept plan.This wasn’t requested by the City Commission at a formal hearing, it was the opinion of the staff.Our original concept already proposed fewer units than the current zoning would have allowed.Here’s what erasing 40 units means:- 40 fewer homes for buyers- Over $1M in lost profit for our team- Fewer tax dollars and impact fees that could’ve benefited the City’s infrastructure & servicesWe gotta get betterEveryone wants more affordable housing, but not everyone wants to do what it takes to achieve it we never listen to the recommending bodies. we move for city approvals and work closely. the other thing we do is keep going back to the same groups over and over and over and over every month on the same agenda and make very small reductions like 2% or 4% and that reduces and beats them down eventually they accept what you want. it's just before beating a dead horse. we keep tabling until they give us something we all agree on then we go to vote. in our city in columbus we have to get recommendations but that's our strategy. we used to come out as aggressive as possible. we typically study developments in the area and keep it very similar in terms of density. we have a track record of very controversial projects and litigation and not taking no as an answer. after a year of that haha I can tell you it's not worth it. now we are more relationship based and buying the right kinds of plots of land. if the numbers don't work on the front end don't do the development.
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19 February 2025 | 14 replies
Typically, a client that has a STR and materially participates should be able to take advantage of a cost segregation done on the property.
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2 February 2025 | 13 replies
You typically want the LLC where you'll be operating.
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18 February 2025 | 17 replies
Private Money Lenders are going to be hard for a primary residence as it is an investment and typically they want to see a return prior to two years - also, the house would need to be purchased at a discount which would limit your options on a primary residence - now if you are looking for something that needs some work that you are planning on fixing up, it would be a little more feasible.
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29 January 2025 | 21 replies
I would read up on "Squatters Rights" laws and how long a typical eviction takes to execute.