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25 August 2024 | 6 replies
Multi-family without separate meters may need more unique billing arrangements such as passing the costs through to each tenant on a square footage basis.As far as insurance, landlord will have to maintain their own insurance per mortgage requirements.
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25 August 2024 | 6 replies
Every state has a unique set of laws and regulations regarding the foreclosure process, so your ability to succeed will depend largely on where you're operating.Also, all three of these require advanced skills and background, so I wouldn't necessarily start here.That said, if you do then be sure to get top-notch training and complete deal documentation from folks who have seen at least one full real estate cycle.Rather than specializing so soon in your real estate career, I would instead recommend just getting in front of as many real estate owners with problems.Just getting really good at talking (and listening!)
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26 August 2024 | 6 replies
I know the 1031 can only be used on investment properties but this is a unique property with it being a hunting ranch used as residence and business.
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27 August 2024 | 13 replies
The reason being every site and project is unique, and while I do attempt to provide a reasonable estimate of what it will take to complete your project there are many factors outside my control.
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26 August 2024 | 17 replies
Especially look at any unique items.
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23 August 2024 | 2 replies
Traditional Banks have more rigorous approval processes, which can take weeks or even months.We are usually more flexible with loan terms and conditions and are more aggressive with leverage (higher leverage compared to banks), while banks generally have rigid loan terms and conditions that may not be as adaptable to unique investment scenarios.Private lenders are more focused on the potential of the investment itself rather than the borrower’s credit history or financial background.
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23 August 2024 | 5 replies
Also, be mindful of Portland's unique areas, such as Northeast Portland for duplexes and Southeast Portland for older houses.
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23 August 2024 | 54 replies
@Allen TracyCalifornia state tax laws are complex and you do want to work with a professional who understands state tax laws.You also want to work with a CPA who understands multi-state taxation since you have to have property out of state and as a result need to file an OH state tax return.Ohio is a unique state in that it requires the filing of many locality returns.Good luck in your search!
23 August 2024 | 8 replies
Have run into those unique seller carrybacks before as well, generally not something lenders like but may be possible with the right setup.
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22 August 2024 | 2 replies
Navigating the zoning requirements, dealing with Maryland Historical Trust limitations on what can and can’t be done to the property, and the financial burden of renovating the property to meet these standards have left us trying to figure out the best strategy so the property doesn’t just sit unused.If we decide to sell, we anticipate pricing it at around $70-$80 per square foot, which is an incredible deal for a property of this nature.We’re reaching out to see if anyone here might know of potential buyers interested in this unique opportunity.