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6 June 2017 | 25 replies
60% occupancy is a hardmoney to purchase and rehabilitate occupancy up to 80% then REFI out into perm.
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7 December 2018 | 46 replies
I believe the program I was referring to was the Rental Rehabilitation Program.
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17 August 2017 | 5 replies
CapitalRepairImprovements that "put" property in a better operating conditionImprovements that "keep" property in efficient operating conditionRestores the property to a "like new" conditionRestores the property to its previous conditionAddition of new or replacement components or material sub-components to propertyProtects the underlying property through routine maintenanceAddition of upgrades or modifications to propertyIncidental Repair to propertyEnhances the value of the property in the nature of a bettermentExtends the useful life of the propertyImproves the efficiency of the propertyImproves the quality of the propertyIncreases the strength of the propertyIncreases the capacity of the propertyAmeliorates a material condition or defecAdapts the property to a new usePlan of Rehabilitation Doctrine
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10 August 2017 | 14 replies
There are a bunch of ways to evict tenants in DC, this is from DC guide to eviction:The landlord may evict a tenant for only one of ten specific statutory reasons: Nonpayment of rent;Violation of an obligation of tenancy, of which the tenant failed to correct after notice;Tenant performed an illegal act within the rental unit;Landlord seeks in good faith to occupy the rental unit for personal use and occupancy;Landlord sells rental unit to a party who seeks in good faith to occupy the rental unit for personal use and occupancy;Landlord seeks to renovate rental unit in a manner in which tenant cannot safely occupy;Landlord seeks to demolish rental unit;Landlord seeks to substantially rehabilitate rental unit;Landlord seeks to discontinue rental unit for housing and occupancy; orLandlord seeks to convert rental unit to a condominium or cooperative after securing governmental approval.
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26 April 2017 | 1 reply
However, finding a "deal" and throwing the address at a HML and saying "What do you think" is not going to get you there - you need to have the analysis completed (Purchase price, market value after rehabilitation, rehab costs, whether you will flip or hold etc).
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2 January 2018 | 4 replies
My plan is to house hack for a few years and rehab the upstairs, with a long term goal of refinancing to purchase another property.I am hoping to learn more about assessing deals (to see if my deal was actually as good as I think it is, and prepare for a second deal), adding value to the home through rehabilitating the home, and being a landlord (my tenant's lease is up in December so I am developing the paperwork so he can reapply).Thanks for reading this.
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10 July 2017 | 2 replies
But I want to know if it is posible to find Hard money lenders to buy properties and do rehabilitation for a foreigns?
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30 August 2017 | 58 replies
I manage and rehabilitate the properties on my own but I am looking to expand.
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15 July 2017 | 7 replies
While in Decatur my team and I will be targeting rehabilitation projects as well as passive rentals and possibly larger NNN leases.
26 July 2017 | 3 replies
I'm thinking about using an FHA 203K loan to help with the rehabilitation costs and security of the loan(fixed interest rate, longevity, etc).