
5 June 2024 | 6 replies
As @Jacob Sherman mentioned, lenders prefer and typically require to be the sole debt on a project (mortgage).

6 June 2024 | 11 replies
On commercial deals your lender probably will require less leverage...maybe 40% down.

5 June 2024 | 1 reply
And what does that do to my contract and owner occupied requirements of 1 year?

5 June 2024 | 6 replies
If you're confident in your numbers and that the property isn't going to require more to reach a $350k price point go for it.

5 June 2024 | 8 replies
You'll get an idea of the rate, the down payment required, do they want an experienced manager to make the loan fundable at close- where would you get this person is it you?

2 June 2024 | 13 replies
Opex ratio: Is 35% of revenue a solid assumption for operational expenses - insurance, maintenance, etc?

3 June 2024 | 9 replies
Typically, most lenders will require a minimal of 20-25% on a multi-family investment property purchase.

5 June 2024 | 13 replies
A bedroom requires ingress & egress.

5 June 2024 | 0 replies
We learned the importance of precise budgeting, as managing $30,000 in renovations required careful oversight.

5 June 2024 | 0 replies
The main challenge was ensuring a smooth transaction, which required precise coordination and efficient execution.