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11 December 2024 | 8 replies
These loans allow buyers to purchase a property “AS IS, WHERE IS”.Renovation loans are available in 30, 20- and 15-year fixed rate terms and can be used to purchase owner occupied, second home and investment properties.By time the renovations are completed, the home needs to be in move-in, live-in condition and conceptually ready to be resold without repair issues.Other Important Items to Know about “Conventional” Renovation LoansMaximum – Minimum Purchase/Upgrade Amounts:Maximum: Limited to 75% of the “after improved” valueOccupancy: Primary, Second Homes, Investment PropertiesUnits: 1-4 unit propertiesRenovation Term:The renovation term for this program is a maximum of 180 days.The Borrower(s) is responsible for the work being completed within the escrow period.
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13 December 2024 | 7 replies
This is a good thing if you want to do some rehab, but again, you must be very strategic about how much money you put into a place, knowing it won't naturally appreciate beyond what you create in improvements.4) We're having a bit of a zoning crisis.
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18 December 2024 | 3 replies
These plans call for six blocks, with buildings totaling 2.5 million mixed-use square feet, and a renovated 14.2 acres of open space with brand-new amenities and improved access.
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11 December 2024 | 6 replies
@Jewell ArceneauxHow to drive ARV (my opinion)Improvements that drive the ARV the most: Roof, New Kitchen & Bathrooms, Flooring, PaintImprovements that DON’T drive the ARV as much: Windows, Landscaping, Driveway, Rough Plumbing & Electrical
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17 December 2024 | 36 replies
Because significantly less than 100% of your investment actually goes into purchasing or improving the property, and the property is purchased at retail value (or worse), your returns will badly lag any benchmark of direct property investment. 2.
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27 December 2024 | 93 replies
Our average construction time is about 8 months after permit is issued and we are always improving.
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10 December 2024 | 7 replies
Burned my *** too many times lol.I am here to learn new strategies and take part in discussion regarding landlording and home improvement.
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14 December 2024 | 13 replies
Meanwhile the neighbors quality of life will improve once the new wall is constructed 2025 Q1 and the denser use is consistent with the Philadelphia planning commission's 2035 plan.
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9 December 2024 | 0 replies
Located in a promising area of Richland, MO, the home was a blank slate for value-driven improvements.
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11 December 2024 | 37 replies
I agree they had communication issues during a transition period that we dealt with, but things have improved from last year.