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31 December 2024 | 13 replies
Ambiguous descriptions can lead to scope creep, material allowance overruns, timeline days, and subpar quality of work.
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20 January 2025 | 23 replies
Prepayment penalties- usually 1-5 year terms.
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27 January 2025 | 14 replies
The fee for this is negotiable, but you can usually estimate about 1 month's rent for this service.
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10 January 2025 | 12 replies
For example, I have a private lender that gives me 8-9% on the rate for rehab costs when I am usually getting about 10.25-11.25% on the rehab costs from hard money lenders, and the HML is not sending the full money upfront, but in draws (this is normal for most HML) which is a lot more cumbersome.
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20 January 2025 | 57 replies
Usually having a servicing company helps the lender to consider that.
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17 January 2025 | 20 replies
Most duplex properties are not in HOAs and usually in a renters street; lawns don't necessarily look great.
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8 January 2025 | 4 replies
I know they have a cap at 10.We have also looked at using local banks in the area but those terms are usually 3 years arms to ten year arms and 20 year loans so it lowers cash flow significantly.
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12 January 2025 | 12 replies
I’ve run the numbers on several different MHP development opportunities and I have always found an RV Park would be worth more on the same land for the same cost usually.
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7 January 2025 | 7 replies
I usually try to get 10k but sometimes its not possible and I would prefer to make something and give the investor a good deal rather than make nothing trying to move a bad deal.
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8 January 2025 | 11 replies
Coming from a family of lawyers the ones in my experience that make less than that are usually just not that motivated or are not that good at what they do.