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14 January 2025 | 2 replies
NH requires a 30 day notice.
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1 February 2025 | 56 replies
Mortgage notes require due diligence on borrower history and property value.
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6 February 2025 | 30 replies
It is more expensive but may not require an appraisal and can close in a couple of weeks. if I can wait then I use the most competitive rehab. lender after obtaining multiple quotes.
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12 January 2025 | 28 replies
Quote from @Dana Yobst: Quote from @Julio Gonzalez: @Dana Yobst While it may seem like a simple concept, it's actually a very complex process that requires significant documentation as well as specific methodologies.
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17 January 2025 | 5 replies
Electric: is the easiest to split, but may require holes cut in walls to separate the units.Gas: gas lines aren't as flexible as wires, but it can usually be done affordably.Water: most cities will NOT install additional water meters on a property.
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6 February 2025 | 13 replies
Lots of people who have trailers don't own the property they are on and sell them.As for the owner of the land expecting tenants to do repairs-there shouldn't be many repairs required to the land, just the trailer that is on it (which your grandmother owns and should be responsible for maintaining).
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27 January 2025 | 35 replies
However, required downpayments were typically 40-50%, and would be difficult without a residency visa.
17 January 2025 | 7 replies
A property manager not requiring this raises serious red flags.
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24 January 2025 | 0 replies
Vacancies, tenant turnover, or non-payment can impact cash flow and delay your plan.Time and Effort: Managing multiple properties, handling rehabs, and dealing with tenants requires significant time, energy, and expertise.
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15 January 2025 | 11 replies
Most lenders who order appraisals are required to order them through a 3rd party AMC, which can add additional costs to the appraisal but ensures that there is no lender (Or borrower) bias in regards to the values.