Nick D.
Pulling equity out of investment properties under LLC for a DP on a 3-family
17 January 2025 | 14 replies
I would suggest doing these separately however since you will run into issues with a partial release clause on a blanket loan.
John Underwood
BOI requirements back on hold
6 January 2025 | 4 replies
“The merits panel now has the appeal, which remains expedited, and a briefing schedule will issue forthwith.
Bradley Benilevi
Please Explain Rent To Price Ratio
9 January 2025 | 4 replies
You have to watch out for properties that hit 1% or higher, but have cap ex and tenant issues.
Dan Ross
Is the Pace Morby Subto program worth 10,000 dollars?
28 January 2025 | 48 replies
The issue was a person sold their home subject 2 and the person who bought it stopped paying.
Amanda Bradley
1 yr lease ending 2/2/2025
7 January 2025 | 5 replies
Turning the management of the rental over to a property manager can relive a lot of these issues.
Mary Peale
Seeking Advice on STR Profitability & Strategic Adjustments for Year 2
15 January 2025 | 15 replies
It is hard to respond to this without fully understanding the issue and missing pertinent information such as what market etc.
Keira Hamilton
What I Learned from Owning and Selling a Laundromat – Exploring a Different Asset Cla
6 January 2025 | 31 replies
We were fortunate in that we didn’t have too many issues with crime.
Franklin Marquette
ADU Valuation | LA County
23 January 2025 | 6 replies
The impact of not having F/f financing is large (>10%) if the appraiser recognizes this potential issue.
Matthew Orr
Should I sure for specific performance?
28 January 2025 | 9 replies
I’m going to disagree with @Chris Seveney and say whether an assignee could force a sale directly would be a state law issue and heavily dependent upon the contract terms.
Graham Lemly
Financing Strategies for house I want - Hard Money, Rehab or Conventional?
4 January 2025 | 1 reply
Here is some key information:Property recently hit the market and has 2 cash offers alreadyThe seller provided a pre-inspection report, which I shared with 2 different lenders, both think it may fail conventional financing due to potential structural and electrical issues (realtor thinks it could pass conventional)Seller has 100% equity but is behind on other payments (not sure of the urgency money is needed)This is my first attempt at an “investment” property so I’m new to thisI see 3 optionsMove forward with an offer using conventional loan pre-qualification-Not as attractive of an offer to the seller-Possibility that appraiser calls out structural/electrical issues that need to be fixed before closing, effectively causing financing to fail- Best terms and fewest loan fees for meUse a rehab style loan such as ChoiceRenovation-Even less attractive than a conventional offer to seller, but less risk of failed financing if appraiser calls out issues-Slightly worse fees and interest rates compared to conventional-Lenders tell me possibly up to 60-90 days closing in some cases, with red-tape for contractor requirements and draw schedules (sounds like the most hoops to jump through during rehab)Use a hard money lender-Most attractive loan option I can give to seller so I can compete-Much higher fees and interest rate for me-need to refinance into a conventional at the end of rehab (not familiar with seasoning periods but I think this is a factor as well)Which option would you do?