Noel Coleman
Unlicensed & Uninsured Contractors
6 January 2025 | 7 replies
These are all important considerations, and understanding the requirements can save a lot of headaches down the road.
Roman Stefaniw
Arms length Mortgages/Private Lending
14 January 2025 | 15 replies
B2B Bank had just introduced liquidity requirements which seemed to indicate they really did not want to be providing that service.TD was the last of the Big Five to offer the ability to write and hold arm's length mortgages.
Brad Kanouse
IRA funds as down payment
22 January 2025 | 21 replies
You won't be able to use conventional financing and must use a non-recourse loan which typically require 40% down.
Asim G.
Extra Tenant Fees charge by Phoenix Property Managers
14 January 2025 | 5 replies
Some, like ours, focus on offering optional services such as renters insurance or washer/dryer rentals without requiring tenants to opt into a full package.When choosing a property manager, I recommend asking about the structure and purpose of any fees.
Mike Barone
Fix and Flip Hollywood Florida Townhouse
10 January 2025 | 1 reply
Purchase price: $275,000 Cash invested: $45,000 Sale price: $400,000 Contributors: Adam Schooley This townhouse, which had gone through probate, suffered from significant water damage to the drywall and required updates throughout.
Rachel Weiss
how to become a hard money lender broker
7 January 2025 | 8 replies
typically no special license is needed when doing it for hard money loans that I am aware of. there may be states like california and nevada that are tricky where lenders need a license of some sort but for most part brokers i have seen are not licensed. 14 or 15 states require state license and NMLS registration.
Chris Magistrado
Defining Crystal Clear Criteria (CCC) for Large Multifamily Investments
9 January 2025 | 0 replies
OccupancyMost lenders require a minimum occupancy rate of 85%.
David B.
“Live In” Flip Advice!!
14 January 2025 | 10 replies
Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.
Elaine Ericson
Promissory Note - how to secure or any ideas to help in this situation?
28 December 2024 | 7 replies
To permanently affix a mobile home to the ground requires a foundation - just “tying” it down doesn’t qualify.
David Sohn
Buyers Rep Necessary?
7 January 2025 | 2 replies
It was never required or nessecarily nessecary.