David F.
Preforeclosure requirements in event of condo conversion
6 December 2024 | 0 replies
Rather than that, if a loan is called because the property underwent a condo conversion (apartments into condos) or subdivision process without the lenders awareness/approval, would they still be required to offer a preforeclosure period before being able to foreclose, as is the case for lack of payment?
Avi Manthe
New Member looking to learn about rentals, flips, and development
7 December 2024 | 12 replies
When developing, I'd first talk with the city building/zoning about what they want to see more of and where, and try a simple project that should be smooth sailing on plan approvals, saving you time and money.
Saika Maeda
ADU permit or not; financial implications
20 December 2024 | 27 replies
An architect can assist you in the initial work to get this submitted to the city for review and approval, and then a GC can pull the permit and work with you and the local inspectors to get this up to code.
Mark Wright
Why Private Money Lending Can Be a Win-Win for Real Estate Investors
5 December 2024 | 3 replies
Unlike traditional bank loans, private lenders offer quicker approval, fewer requirements, and the ability to customize loan terms to fit the project.
Sonia Vanegas
advice on landlord threating to void clause in lease and raising rent
16 December 2024 | 21 replies
If they agreed to that, then the clause appears to be fulfilled assuming the lessor approved the quality of work.The entire clause is kind of sorry in the way it's put together and reeks of amateurish property management by an owner.
Anshuman Thakur
New to Real Estate Investing - need help and guidance from the pro's here
5 December 2024 | 2 replies
If you plan on buying these properties using a mortgage its also best to begin the pre approval process and work with an investor friendly lender to help guide and educate you what the best product might be for your projects to make sure you dont already max out your borrowing power after the first deal.
Kevin Prasad
Seller Financing: need advice on how to pitch
9 December 2024 | 5 replies
Also you would not reduce the price because of the interest payment. that is not how it works.3. yes the note could be sold, but at what type of discount and what if the borrower stopped paying.while there are a lot of posts on seller financing, some estimiate less than 1% of all transaction have seller financing and the ones that do are first position only with an average of 30% down payment - most of these are to people who do not have verifiable income.Thinking you will get conventional financing then seller financing will be uphill battle as the conventional lender most likely will not approve a 2nd mortgage for purchase.not trying to dissuade you, just wanted to provide some key insights so you do not spend 1000 hours chasing something that is impossible to find.
Ren Lok
Furnish Finder vs ?
10 December 2024 | 22 replies
You have to be invited and approved for the group.I also asked each of my previous nurses which company placed them in my area, then asked for the recruiter's contact information.
Brandon Eike
Looking to get starting with rental property investing
7 December 2024 | 13 replies
Have you gotten pre-approved with a lender?
Ibrahim Atoum
Plan on House Hacking
5 December 2024 | 2 replies
Pre-approval for a mortgage and self-managing your first property can help you build momentum.Good luck!