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10 June 2024 | 2 replies
Found an awesome assumable first, but need to bridge the very large gap in funding...
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10 June 2024 | 0 replies
Deal was purchased through Sherman Bridge Lending.
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12 June 2024 | 6 replies
Regional and metro area inventory trendsThe South and West are closest to bridging the inventory gapIn May, all four regions saw active inventory grow over the previous year.
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10 June 2024 | 15 replies
The land consists of 9 acres, 1100 feet of creek and two waterfalls, many great trails and even a pedestrian bridge we built ourselves (permitted).
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9 June 2024 | 3 replies
In Gary Keller’s book, Shift, he lists 25 creative options that are most common, but barely scratch the surface:- Seller Contributions- Seller-Funded Permanent Buydown- Seller-Funded Temporary Buydown- Owner Financing- Contract For Deed- Seller Second Lease Option And Lease Purchase- Seller-Assisted Down Payment- Wraparound And Assumable Mortgage- Gift Funding- Selling And Refinancing Existing Assets- Non-Occupied Co-Borrowers- Using 401(K)- Temporary IRA Transfer- Pledged Asset Mortgage- Equity Transfer And Bridge Loan- Employer-Assisted Mortgage- Lender-Funded Buydown- Fannie Mae’s “My Community Mortgage”- Running Scenarios With Automated Underwriting Systems- Adjusting Amortization Period To Lower Payment- Adjusting Interest Rates To Cover Closing Costs- State, Province, And Local Grant Or Bond Programs- Mortgage Credit Certificate- Private LendingHe said these options barely scratch the surface.
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9 June 2024 | 3 replies
Hi Theresa, 25 years means you've been dong something right :) Check in with @Joseph Chiofalo they are NY based and offer creative fix and flip, bridge and constructions loans.
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12 June 2024 | 27 replies
An AFCI device senses the delta between power and in neutral in an attempt to detect an arc that's bridging air space.Most AHJ'S here now require pretty much every circuit to use a AFCI/GFCI combo breaker.Those retail circuit seekers (tracers) from the retailers aren't very good, a good budget one is north of$500, good one's are $1500-$3k
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9 June 2024 | 2 replies
My current hard money interest-only loan ends in May 2025.To bridge the gap until refinancing, I am considering a short-term private loan (non-hard money or traditional due to the title issue) to satisfy the current debt.
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9 June 2024 | 14 replies
Exactly what Marcia said.If you decide you want to learn tiling, I would recommend hanging around the John Bridge tile forums There are many friendly folks there to answer your questions.
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8 June 2024 | 1 reply
The cost of land generally includes the cost of clearing, grading, planting, and landscaping.Land preparation costs, such as landscaping are depreciable Certain improvements made directly to land or added to it (such as shrubbery, fences, roads, sidewalks, and bridges) are generally depreciated over 15 yearsKeep in mind that depreciable rental property costs with a useful life of 20 year or less may be eligible for bonus depreciation.I don’t think the sources that you found are accurate since some of the improvements you mentioned can be depreciated and over a shorter period of time.