It takes a lot of phone calls and asking around, but you can normally find a local or regional bank that is willing to work with investors on these types of properties.Mike

They're very different thankfully so it feels like there's always at least one who's acting like a normal human being...A defeasance is something that happens on commercial properties when a securitized loan (like a CMBS [commercial mortgage-backed security] or agency loan) needs to be paid off early, either when you're refinancing or selling your property that has a loan on it.

The price per square foot in Suffolk went up 15% among 2-4 family properties.

Otherwise the hold up of the sale and going back-and-forth we wanted to avoid.Because it’s now on the closing statement, are these a deductible repair expense like it would have been had it been before closing that would normally just be under schedule E as a repair expense.Cheers.Since the seller credit is now part of the closing statement, it’s generally treated as an adjustment to the purchase price rather than a direct repair expense.

Hmmm @Jonathan Snider, so what are they saying is "normal" for the interest rate?

It's not just about creating beautiful spaces; it's about making every square foot work hard for both the investor and the end-user.Optimizing Space UtilizationThink about how reconfiguring a floor plan can add value.

I was just a normal guy with a normal job and I went out there and did it.

Ask them to update your photos and put your best foot forward.If the market is doing well and your PM is marketing poorly, then you have a case for complaint and/or moving to a new manager.

We are not in a normal world.

Too large to be a normal convention loan, but not big enough to be tasty for an investor that wants some size.