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7 January 2025 | 3 replies
Readers should seek professional advice.
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11 February 2025 | 151 replies
It has to be something the individual wants, and let's face it, that isn't your typical BP investor.
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5 January 2025 | 8 replies
HelloMy husband and I are exploring REI in New England. We live in Seacoast New Hampshire and would prefer to invest as locally as possible to start. We've started looking into real estate because we want to use our v...
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5 February 2025 | 205 replies
I also enclose below the text of the relevant section for ease.https://www.flsenate.gov/laws/statutes/2020/553.79QUOTE(14) A building permit for a single-family residential dwelling must be issued within 30 working days of application therefor unless unusual circumstances require a longer time for processing the application or unless the permit application fails to satisfy the Florida Building Code or the enforcing agency’s laws or ordinances.UNQUOTEThe previous link to the City of Cape Coral citizens portal lets individuals see permit details for a specific property address, the progress with applications, and if not using a private provider the status of inspections.
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6 January 2025 | 3 replies
Hey, I’m looking to connect and network with private individuals who lend money on real estate deals.
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12 January 2025 | 8 replies
I have noticed a lot of investors are seeking out cities that are offering lower priced lots and simply adding a Modular or Manufactured and capturing a very nice cash flow.There is a new trend starting in Florida and in other states where an investor buys a piece of land or lot and add a 'Tiny Home".
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19 January 2025 | 9 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
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4 January 2025 | 4 replies
I’m waiting to hear back from a city representative to see if it’s possible to divide the lot into multiple lots and put a mobile home on each lot.Once the land is paid off and divided, is it possible to use each lot as collateral for its individual mobile home?
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14 January 2025 | 27 replies
Cheap materials, thin walls, the LVP was peeling already not to mention the transient individuals in the parking lot.
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14 January 2025 | 17 replies
I would prefer an individual PM (not associated with any company) to manage my 3 doors in FL..