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13 September 2024 | 7 replies
Transfer of Leases and Tenant Information•Review the existing leases to ensure compliance with local laws and assess any terms that may need to be adjusted.
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11 September 2024 | 1 reply
**Essential Coverage**: What are the key components of a comprehensive landlord insurance policy?
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12 September 2024 | 9 replies
Check to see if appealing your tax assessments would be worthwhile.
14 September 2024 | 10 replies
HI Shivani,Each individual property would be calculated separately based on when you purchased it (tax returns or lease agreements used either or or both in some cases) which the lender would subtract from the monthly PITI or mortgage obligation/taxes/insurance/assessments/etc.All the rentals whether positive or negative would then be added up into one number (net net).
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11 September 2024 | 8 replies
I would lend on a property after the deed has been issued and the borrower has had a chance to walk the property and assess value and potential and I've had a chance to assess the deal.If you find a professional lender willing to do this, let me know.
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12 September 2024 | 6 replies
A leak causing water to flow under the sub-floor and into the crawlspace can lead to significant structural issues if not addressed promptly, and you’d likely need a plumber and possibly a contractor to assess and fix the damage.
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12 September 2024 | 2 replies
Lenders often look for this when assessing the viability of construction projects, so it’s good to know if you have experience or a solid team in place.Are you looking to retain ownership after the build or sell the property?
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11 September 2024 | 22 replies
As mentioned this means the property can support itself and wont put me in a situation where I can cover debt, operating expenses or capital expenses.Annualized Return if Sold at the Five-Year Mark:This metric offers a comprehensive view of investment performance, blending both cash flow and equity.
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16 September 2024 | 43 replies
I am not sure if they are correct in their assessment of the market, but definitely worth noting as it is happening a lot right now.
14 September 2024 | 12 replies
As such, anything 3+ stories and older, you need to be VERY cautious and understand when and if the study has been performed, what they found, and if there are any resulting special assessments.