
3 December 2024 | 5 replies
I think there are two maybe 3 ways to look at this in my mind. 1) you go into it and bring it all up to modern standards but using that old charm to basically take what is there bring it up to modern standards and rent it out essentially I'm thinking cocktail bar or something trendy like that.2) most banks are on really good centrally located real estate if this is true, then I'd consider it for the dirt, plan to scrape the lot and go vertical with whatever the highest and best use is.3) a kind of combo of the two, if the lot is in a good location and its doable, pull the vaults or other "character pieces" out of the building, scrape the lot, and build whatever is best suited for the site there, but incorporate those historical pieces into the final designs.Is the site near a major retail area?

6 December 2024 | 15 replies
I am sure they know which carriers (though they may be non-standard and pricey) are still offering coverage there.

5 December 2024 | 34 replies
If solar panels provided a good ROI on owner occupied homes, then builders building spec homes would include them as standard to reap the reward!

5 December 2024 | 6 replies
The industry standard currently is around 70%, but there are some that will go up to 75% or 80%, but you've got to have pristine credit.

5 December 2024 | 8 replies
If I go BRRRR I’ll refinance with a standard lender.Assuming we sell for $625k which is the ARV and market analysis I pulled, purchased for $345,500 and have $120k in reserves for rehab cost.

10 December 2024 | 8 replies
I learned the hard way that going with Moen/Delta/American Standard, well known reputable brands for showers & faucets.

9 December 2024 | 15 replies
Exercise caution and explore alternatives before considering themIt’s important to clarify that your employment with us ended abruptly because your actions and values did not align with our company standards.

5 December 2024 | 5 replies
The renovations were already factored into the LTV during the initial loan approval, and the increased value of the property due to those renovations may not automatically allow for an earlier PMI removal under Fannie Mae's standard policy.Workaround/Next Steps:Reappraisal: You might be able to request a reappraisal if the lender is open to it.

2 December 2024 | 6 replies
Three years is the standard PPP, but 0-5 year options are usually available.

2 December 2024 | 1 reply
I'm a licenced Broker and I also handle project management for flippers, contractors, etc.FEMA 50% Rule: ALL of the homes that exist in a Flood Zone have a 50% limit on work that can be done to repair them without bringing them into compliance with current flood standards.