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24 January 2025 | 10 replies
You just need confirmation from your broker the amount you would receive from the commission (if they take a cut), if you're your own broker you can authorize that yourself.
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10 February 2025 | 24 replies
Yes, I said ceilings.....I received a warning because my 9 feet ceiling pipe didn't have one !
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15 January 2025 | 11 replies
Condo's are usually on the cheaper end of cost for appraisal reports, typically not $750 (but if it's a high end condo or in an area with there's some complexity, the fee can reflect that).
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17 January 2025 | 9 replies
Typically people think FHA because it's what's thought of as the least amount down which is commonly the goal when we all get started.
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23 January 2025 | 2 replies
Typically corporate/bank owned homes are managed by an asset management company.
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4 February 2025 | 10 replies
Quote from @Devin James: In one of our development projects, the City staff asked us to remove 40 units from our concept plan.This wasn’t requested by the City Commission at a formal hearing, it was the opinion of the staff.Our original concept already proposed fewer units than the current zoning would have allowed.Here’s what erasing 40 units means:- 40 fewer homes for buyers- Over $1M in lost profit for our team- Fewer tax dollars and impact fees that could’ve benefited the City’s infrastructure & servicesWe gotta get betterEveryone wants more affordable housing, but not everyone wants to do what it takes to achieve it we never listen to the recommending bodies. we move for city approvals and work closely. the other thing we do is keep going back to the same groups over and over and over and over every month on the same agenda and make very small reductions like 2% or 4% and that reduces and beats them down eventually they accept what you want. it's just before beating a dead horse. we keep tabling until they give us something we all agree on then we go to vote. in our city in columbus we have to get recommendations but that's our strategy. we used to come out as aggressive as possible. we typically study developments in the area and keep it very similar in terms of density. we have a track record of very controversial projects and litigation and not taking no as an answer. after a year of that haha I can tell you it's not worth it. now we are more relationship based and buying the right kinds of plots of land. if the numbers don't work on the front end don't do the development.
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22 February 2025 | 13 replies
Turnkey properties typically range from $100K–$300K, and the landlord laws are much more investor-friendly compared to other markets.2.
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20 February 2025 | 10 replies
Friendly reminder that loan guidelines typically allow you to use the theoretical or real income from the other unit (the one you're not going to occupy) to help you qualify for the mortgage.
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20 February 2025 | 12 replies
A turnkey property typically costs $100K-$300K, and landlord laws are much more investor friendly.
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2 February 2025 | 13 replies
You typically want the LLC where you'll be operating.