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8 April 2024 | 39 replies
In Raleigh some that may be worth calling are Providence Bank, Mechanics & Farmers, Paragon, North State.
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7 April 2024 | 53 replies
But, I'm a mechanical engineer by trade and am not afraid of digging into the details to figure out if it's viable. ;)
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4 April 2024 | 4 replies
My Dad is also a licensed residential builder, licensed Master Electrician, and licensed Mechanical Contractor in the state of Michigan.
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4 April 2024 | 14 replies
I will think of a couple titles but I would actually go outside of the mechanics of CRE and focus more on prospecting and sales or you will just be a really great analyst working for a producer.
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4 April 2024 | 5 replies
Additionally, since this project is already in flight, you run the risk of mechanic liens taking priority over your loan as they can backdate the lien to when work commenced.
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3 April 2024 | 8 replies
I guess your risk is losing the land if the construction loan defaults, or perhaps being dragged into any mechanic's liens from subcontractors, but hopefully you can figure out a way up front to be indemnified on that.
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3 April 2024 | 6 replies
Mechanically speaking, that whole process is what a title company provides, and it definitely simplifies things (and generally provides better assurance of a good outcome) to use a title company whenever possibly.
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5 April 2024 | 43 replies
In fact, depending on the fact pattern even negligence may only lead to representation as the carrier will agree to defend the insured under reservation of rights.It's very important for real estate operators to understand the role insurnance plays and the mechanisms of coverage and relationship between transactional participants.
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1 April 2024 | 5 replies
My concerns with delayed financing are the double closing costs.I don't understand the mechanics of the different loans and what the tax benefits are of the different options.Thanks to everyone who has replied to my previous questions.
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1 April 2024 | 98 replies
This is after averaging out the costs of 1) roof, mechanicals, siding, flooring, etc. and dividing by their life span then also subtracting general maintenance costs (handyman type stuff frozen pipes, etc.) you see each year.