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7 January 2025 | 12 replies
.- The 203(k) will allow you to bid on properties that need repairs that won't qualify for a traditional mortgage => less competition => better purchase price.You will need to find a great local contractor you can trust to supply the required bids to qualify for the 203(k).- After closing, you can do some of the work yourself to save money, but the program doesn't allow you to pay yourself.You will want to buy a Class B property, maybe Class C+, in an area that seems to be improving.
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17 January 2025 | 37 replies
Zach called me and told me they were changing my loan because they were going to consider my loan a “new construction” as oppose to an existing structure rehab or even complex rehab (considerations I’ve experience with other lenders).
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5 January 2025 | 28 replies
If that leads to a more structured and education based meeting, then that is great - if it remains just a place to gather and bounce ideas and network, that's great too.
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10 January 2025 | 21 replies
There are many ways to structure these deals, and in most cases, you can secure better terms by including the rehab costs in the loan.
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4 January 2025 | 1 reply
.* Learning the ins and outs of structuring win-win deals.I’m open to partnering, collaborating, or just grabbing coffee to exchange ideas.
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2 January 2025 | 7 replies
I think the unsuccessful and struggling units who have not jumped ship yet will continue to do so, leading to less supply, increasing demand, and a better year for the successful units.
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7 January 2025 | 6 replies
This includes structural components of the building.
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7 January 2025 | 8 replies
Our 8-unit buildings have one roof, one foundation, and one structure to take care of.
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28 December 2024 | 12 replies
Just remember that $70 is the gross number they charge , they have to buy supplies , insurance , tools , vehicle , gas , workmans comp etc .
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18 January 2025 | 36 replies
At the same time, I like the idea of a beautiful programmable t-stat.The heat is supplied by a brand new furnace.