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18 January 2021 | 7 replies
We are still undergoing a $75K renovation of the property due to covid delays, but the current ARV is now at $412K.
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9 November 2020 | 0 replies
The second tallest building, the brand new Central Park Tower, also in New York City, has reached its full height (1,550 feet), although the interior is still undergoing construction.
12 November 2020 | 2 replies
If the Mortgagee is unsure whether the Property has been completed for at least one year, the Mortgagee must request a copy of the Certificate of Occupancy (CO) or equivalent.A Property that is not eligible for a 203(b) Mortgage due to health and safety or security issues may be eligible under 203(k) if the rehabilitation or repair work performed will correct such issues.A Property with an existing 203(k) Mortgage is not eligible to be refinanced until all repairs are completed and the case has been electronically closed out.The following property types may be financed:a one- to four-unit Single Family Structure;an individual Condominium Unit, meeting the following requirements: the unit must be located in an FHA-Approved Condominium Project and must comply with all other requirements for condominiums; rehabilitation or improvements are limited to the interior of the unit, except for the installation of firewalls in the attic for the unit; no more than five units per Condominium Association, or 25 percent of the total number of units, whichever is less, can undergo rehabilitation at any time; and after rehabilitation is complete, the unit is located in a Structure containing no more than four units.
7 July 2022 | 9 replies
Just make sure to get 2-3 bids and if it's 80K under go for it
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12 July 2022 | 11 replies
The insurance should be the appropriate type of policy (builders risk for example if the property is undergoing renovations) and an amount to adequately cover the loss to the property once finished.Fourth - no money will exchange hands outside of closing.
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1 October 2020 | 7 replies
If you delead (and maintain the standard) you will be in the clear.Here's the law (emphasis added by me):460.100: Duty of Owner(s) of Residential Premises (B) Whenever any residential premises containing dangerous levels of lead in paint, plaster or other accessible structural material undergoes a change of ownership and as a result a child younger than six years old will become or will continue to be a resident therein, the new owner shall have 90 days after becoming the owner to obtain a Letter of Full Compliance or a Letter of Interim Control, except that if a child younger than six years old who is lead poisoned resides therein, the owner shall not be eligible for interim control, unless the Director grants a waiver pursuant to 105 CMR 460.100(A)(3).
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23 May 2019 | 1 reply
Second unit will undergo a 3 week rehab beginning the last week of May.
6 March 2022 | 101 replies
Downtown Manchester NH is undergoing a tremendous turnaround and the city is fully supporting the turn around.
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15 February 2023 | 15 replies
We were undergoing our first BRRRR in the Pittsburgh area and were in the process with Civic financial services but they just paused new loans so we need to find a new partner.
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22 October 2018 | 8 replies
Gulfstream has a facility there at the savannah airport as well which is one of their major employers. i wasn't investing when i lived there so do your own due diligence but definitely an area i'd research more and look into. it was undergoing lots of changes for the better when i was there