
31 May 2024 | 9 replies
The courts would likely require the PMC to refund the tenant and then pursue you for reimbursement -> that would cost them time & money IF it made financial sense to hire an attorney to chase you.Kudos to @Adam Bartomeo for getting this right!

28 May 2024 | 5 replies
Hi - typically Mixed Use properties are going to require a traditional commercial real estate loan from a bank, small balance commercial private lender or for the larger ones a CMBS style loan.However, a newer "DSCR Loan" product for Mixed Use is making a comeback - which is a really great option for smaller properties/more beginner investors since it has all the same trappings as a residential DSCR Loan (30-year fixed, easy qualification, straightforward process) for a property with commercial units.Generally going to be limited to 8 units max and has to be primarily residential in every way (majority residential by units, square footage and rents) but if it fits all that, its a great option

29 May 2024 | 7 replies
Asking as a seller to keep track of payments, loan balance etc.

31 May 2024 | 12 replies
Avoid escrowing payments and opt for the longer term, even if you don't think you'll need it.Seasoning Period: Many lenders have a seasoning period of 3 months on the platform, while others might require 6 months.

30 May 2024 | 7 replies
However, this is subject to change, and some applications may take longer if they require additional review or if there are any issues or discrepancies that need to be addressed.As for tips to expedite the process, here are some general suggestions:Make sure your application is complete and accurate.

30 May 2024 | 3 replies
at its most basic titling the TIC, does not require equal contributions it's just a deed defining percentages.

30 May 2024 | 2 replies
So I call the bank (REO property) and they agreed to secure and give me access to finalize appraisal, but this was not a requirement for them on the conditions of the sale.

30 May 2024 | 4 replies
Newer construction is required to meet STC ratings.

31 May 2024 | 44 replies
I would bet money that the licensing agency requires in their rules that they must disclose in writing to the client every conflict of interest.

28 May 2024 | 9 replies
My plan is to assume what his balance is as a subject to and possibly paying cash over as a seller finance and meet the payments by tenants that are in place.