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14 January 2019 | 9 replies
“Streamline Option” – or “Limited Repair Program”Total financed rehabilitation costs cannot exceed $35,000Maximum Sub-Contracts is 3If more than 3 are needed then a General Contractor will be requiredRepairs are limited to cosmetic repair only.
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25 January 2019 | 20 replies
“Streamline Option” – or “Limited Repair Program” a.Total financed rehabilitation costs cannot exceed $35,000b.Maximum Sub-Contracts is 3If more than 3 are needed then a General Contractor will be requiredc.Repairs are limited to cosmetic repair only.
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25 January 2019 | 3 replies
But most of the negative consequences I outlined above happened, and it took me about four years to rehabilitate my reputation.A similar approach using auto generated offers is being utilized in Phoenix currently, in the SFR market.
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14 November 2018 | 14 replies
- I do predict these markets to grow rapidly (eventually) but then again I have zero experience in market predictions which is why I do want to participate in rehabilitations.
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8 November 2018 | 2 replies
You will need to have the full construction funds and holding costs available on your own so this one consideration to keep in mind (the hard money lender reimburses you via draw schedule reimbursements).RehabAs the property is going through the purchase closing process, it's imperative to get three general contractors into the unit to provide independent rehabilitation quotes.
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13 December 2018 | 12 replies
They're a rehabilitation treatment facility, and fund themselves through labor services, and are usually pretty reasonably priced.
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15 March 2019 | 93 replies
When I look up the ordinance, under San Jose’s new 2017 law, it says landlords must demonstrate one or more of the following grounds in order to terminate a month-to-month tenancy: Nonpayment of rent (excluding rent withheld as permitted by law).Material or habitual violation of the terms of the tenancy.Damage to the rental unit.Refusal to agree to a new rental contract.Nuisance behavior.Refusing access to the rental unit.Unapproved subtenants holding over after the end of the term.Substantial rehabilitation of the rental unit, subject to certain conditions, including payment of relocation assistance and refund of security depositRemoval of the tenant under the Ellis Act, subject to compliance with the new relocation assistance requirements (see below).Owner move-in, subject to payment of relocation assistance and refund of security deposit.Governmental order to vacate.Vacating an unpermitted rental unit.So it seems like you can use these 3 as a tool for getting rents to market rate:Substantial rehabilitationEllis ActOwner Move in Are those the tools you're using?
1 December 2018 | 5 replies
With cash in the bank for rehab or just finance rehabilitation...
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17 March 2019 | 1 reply
I prefer the idea of cash flow over extensive rehabilitation on a property.
28 March 2019 | 10 replies
I have tried to read IRS publications that mentions "rehabilitation expenses increase your basis."