6 October 2024 | 1 reply
It's been pretty tough to find anything that cash flows lately, so we're going to move ahead despite this after being told it's not an uncommon situation in this particular submarket.We'd like to try and up zone so that it's no longer non-conforming.
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7 October 2024 | 6 replies
While they often come with higher interest rates, they can be a quick way to secure funding based on the property's value.Peer-to-Peer Lending Platforms: Exploring P2P lending options might connect you with lenders willing to fund real estate investments.I once knew an investor who faced a similar challenge and successfully used a combination of a bridge loan and seller financing to close the deal.
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6 October 2024 | 2 replies
I suggested to my landlord if I came in with 60k, we borrow from a hard money lender (in this case his group) and offer 300k to close in 2 weeks.
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11 October 2024 | 2 replies
We want to put up signs and get cameras set up around our perimeter and inside the common areas for added piece of mind for us and the remaining tenants.
11 October 2024 | 11 replies
As you go up that curve the housing price and rent that it can command start to diverge rapidly.
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7 October 2024 | 0 replies
How do you feel about a $700k purchase price with a non owner occupied 4plex DSCR loan 3yr prepayment penalty, 10yr interest only 30yr fixed after$560k loan amount (20% down)7.750 par rate with no costs. monthly payment $3,616.66Or pay $22,295 in closing costs and get a 6.375% Monthly payment of $2,975The monthly payment difference between the two is $641.66And when you take $22,295 in closing costs and divide it by $641.66 that will give you 34.5 months (2.89 yrs) to break even if my math is correctHow do you guys feel about taking a lil less than 3 years to break even on $22,295And the seller is giving me $15,500 in seller concessions thank you everybody for your help!!
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6 October 2024 | 8 replies
As long as everyone is aware of what is going on I don't see a problem in adding a consult/assignment fee at closing.
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7 October 2024 | 2 replies
Hi the seller has a tenant who 's lease expires december. he offers two options:1) sign the contract now and wait to close when the tenant leaves in december .2) close now and keep the tenant.
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7 October 2024 | 6 replies
I am debating about this because I know most people like mature trees but in this particular case, they almost completely cover up the front of the house.
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12 October 2024 | 8 replies
Your listing needs to talk up the excellent schools more.