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2 August 2024 | 5 replies
Marked Rentals LLC, for instance, provides flexible loans with fast approval and can be a great option for real estate investors like you.Home Equity Investment: Some companies offer equity-sharing arrangements where they invest in your property's equity and you get a lump sum without taking on debt.Business Line of Credit: If your STVRs are operated as a business, you might qualify for a business line of credit, which can provide the flexibility you need for fix and flip projects.Feel free to reach out if you need more detailed information on these options or if you have any questions about flexible financing solutions.Best,Stacey Wells.
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2 August 2024 | 10 replies
If it is go with the distressed look , I have 1 unit after we sanded we beat the floor with a chain and took a torch and made some burn marks , then stained and put 3 coats of gloss poly , it looks great
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1 August 2024 | 71 replies
If Jesus came back and got into rentals NO, N-O-B-O-D-Y get's admin access into our system. 2) They want a standardized list for maintenance items so they know in advance what repairs would cost.Being a PMc I'd invite them to acquire any of the readily available construction estimating tools/software out there such as RSMeans, but would not take on such a task as building and maintaining such a database, honestly for any $, it's simply not what we do. 3) They want a copy of all invoices from contractors to us so they can verify we are not marking up more than promised.A-ok. 4) They want to be able to talk to our contractors before work is done (each time) so they can talk contractors down in price themselves.I'd be fine with this as long as they sign a waiver that they own any/all negative impacts that result from such including extended vacancy periods, vendor refusals of service necessitating there own self-search to secure amicable vendor etc etc.. 5) They mentioned that they pay around $300 for full paint in a 2-bedroom unit.... we do not have a contractor that will touch a full paint on a 2 bedroom for $300LMAO!
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1 August 2024 | 3 replies
@Mark FriesShould I have him remove it and do it over?
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1 August 2024 | 3 replies
I’m sorry this is probably confusing with all my statements with question marks.
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2 August 2024 | 14 replies
All your other points hit the mark in my mind.. !!!
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3 August 2024 | 27 replies
Previously I know past the 3 year mark, they were handled between the owner and certificate holder.
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1 August 2024 | 33 replies
In Cincinnati, where houses are still relatively affordable compared to coastal metros, I won't say there are a lot of properties that will hit this mark, but there are certainly some, so no need to jump at low yield properties, when I know another higher yield one will come, even if it takes several months or so.
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1 August 2024 | 2 replies
(many of my homes come in right around the 100k appraisal mark in which many lenders are not interested in Less than 100k loans) - Very low loan orig fees- total bank fees Avg $1071 per home