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28 October 2024 | 0 replies
As e-commerce competition intensifies, Philadelphia-area malls are turning to experience-focused retailers to draw shoppers back.
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30 October 2024 | 28 replies
There are a couple of other members on the board of directors who also draw a salary.
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26 October 2024 | 6 replies
as an example, lets say a lender gave you an 80% loan to buy the land PLUS 100% of the cost to build the property on it in the form of draws... theoretically you'd be walking away with MORE than 100% financing. its just done in a round about way, and you would still need to bring in some "skin" as @Brandon Croucier mentioned.
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28 October 2024 | 15 replies
Such clickbait using selective data point out of context to draw attention.
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3 November 2024 | 56 replies
I know on some of my payoffs the borrower might not use all the draw money but they paid for the money with advanced fees and Dutch interest so we can wire them those funds when it closes.
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23 October 2024 | 1 reply
Any advice you can provide would be greatly appreciated1) In the Short-Term Rental Ordinance (Baileys harbor), I found the following:“If the rental of a Residential Dwelling is less than seven (7) consecutive days, the first dayof a subsequent rental of less than seven (7) consecutive days may not begin until the sixth(6th) day after the first (1st) day of the immediately preceding rental.”Question --> Does this mean that we cannot host another guest within the same week if the first guest's stay was less than seven days?
30 October 2024 | 94 replies
With a combination of all 3, you could hit your goal and then use your cashflow to start to help you in subsequent years.
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25 October 2024 | 1 reply
The coastline continues to grow and with towns like New London working to build up their infrastructure to draw in more business and ultimately residences, it feels like the area is heading in the right direction overall.
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25 October 2024 | 22 replies
The landlord responded that the lease was not subject to the Rent Adjustment Program since the rental was for “sole use of one or more rooms and shared use of common areas (such as a kitchen) in the residence,” which was a single-family home.In its decision, the court focused on the definition of a “dwelling unit” as used in the exception found in Civil Code section 1954.52(a)(3)(A), which provides that “an owner of residential real property may establish the initial and all subsequent rental rates for a dwelling or a unit about which the following is true…It is alienable separate from the title to any other dwelling unit….” .
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28 October 2024 | 12 replies
But be cautious, you could check with your lender directly to avoid triggering any concerns.As for waiting a few months before transferring the deed, it’s often recommended just to avoid drawing any immediate attention to the transfer, but every lender is different.