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12 December 2024 | 17 replies
Quote from @Gary Aragon: Quote from @Rick Albert: Our electricity is already separate and we designed our ADU to be all electric so no gas.
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12 December 2024 | 2 replies
Depending on the state, you will need a designated agent for your LLC, in that state.
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14 December 2024 | 4 replies
Anything smaller may not attract larger investors or offer the economies of scale needed for profitability.Design Style: BTR developments often consist of attached townhomes, usually with features like garages and a more upscale design to appeal to renters looking for something between an apartment and a single-family home.Location Factors: The success of your development depends heavily on location.
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13 December 2024 | 2 replies
Assumption by an EntityUnfortunately, assuming a VA loan directly through a legal entity (such as an LLC, corporation, or trust) is typically not allowed because:Primary Residence Requirement: VA loans are designed for owner-occupied properties, meaning the assuming borrower must intend to live in the property as their primary residence.Credit Review: The VA and lender require the assuming party to undergo a personal credit and income review to ensure repayment ability, which entities cannot satisfy.3.
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12 December 2024 | 7 replies
Best of luck to you working through the renovations - if you need any design advice, feel free to reach out!
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5 December 2024 | 0 replies
Hi BP, i’m curious if anyone has moved an electrical meter without upgrading service. i recently upgraded a meter and was forced to move it to a new location however now i can’t pass inspection because the service enters the building before the meter (only good route to get to new meter was indoors) i really want to avoid a new electrical drophas anyone found a way to enter the building before metering?
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13 December 2024 | 5 replies
Also, it goes without saying that if you make a procedural error (very likely as the process is designed to trip up the unsophisticated landlord, and all tenants have the right to a pro bono attorney), then you have to start the process again from scratch.
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14 December 2024 | 5 replies
That way you can work backwards on the land price AND your holding costs while you're designing, permitting, and building the home. 2.
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9 December 2024 | 15 replies
During this time, we aimed to provide comprehensive support, including design, setup, and data-driven projections.
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11 December 2024 | 2 replies
Advice on Layout/Design: For those who have added ADUs, do you recommend standalone units, garage conversions, or a combination of both?