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20 August 2024 | 3 replies
One was because of poor management and the other because the property needed major renovations to be competitive in the area.
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20 August 2024 | 3 replies
I visited 6 apartment complexes this week across two Midwest metro area and saw only one EV, which was owned by the regional manager, not a resident.
19 August 2024 | 6 replies
I would like to re-finance into long term debt once the project is finished using a DSCR type loan.
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19 August 2024 | 1 reply
Hello, I'm not the best source for design tips, but as a broker/ lender the biggest value adds that you can get on rehab projects come from improvements to the kitchen and bathrooms.
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18 August 2024 | 3 replies
- For any part of the project that you finance, whether it be purchase, the rebab, or both, do you simply look at the monthly loan payment for that leverage and multiply that monthly debt service payment by the number of months you expect to hold the property?
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20 August 2024 | 45 replies
This makes the strategy viable for managing a due-on-sale clause, as it effectively keeps the transaction off the lender's radar, delaying or avoiding the clause's enforcement.While this method can solve the due-on-sale clause issue, it does come with a calculated risk—primarily depending on the trustworthiness of the seller and the specific legal environment.
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20 August 2024 | 10 replies
You're best bet is to talk to management and see if there is an exception that can be made based on your plan.
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21 August 2024 | 9 replies
(option B)My biggest question is not able to decide between option A vs option B.If i go with option A tenants can manage that area well using their own landscapers every once in 2 weeks like that.
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20 August 2024 | 11 replies
My company manages MTRs through Los Angeles.
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21 August 2024 | 7 replies
I am in Portland as well it can be a hair tricky to manage there are some rules about asking tenants to leave there are also limits on rent increases see below: https://www.portland.gov/phb/rental-services/renter-relocation-assistance#toc-when-is-a-renter-eligible-for-relocation-assistance-Have you already purchased the property?