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15 May 2024 | 2 replies
Anytime you see discoloration on your walls, floors or ceiling it is a signal to address MOISTURE issues.
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16 May 2024 | 8 replies
He has experience setting up syndications, but past that if you're planning to make moves in California getting started with him or anyone at Cox Castle plugs you into one of the hardest hitting real estate law firms in California with highly experienced lawyers in construction issues, contracts, financing, work outs, land use, multifamily/commercial purchase and sale etc.
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14 May 2024 | 17 replies
Key determinants include the percentage of owner-occupied units, contribution percentage for the HOA budget towards reserves, and a clean record without litigation, delinquencies, or major issues.
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15 May 2024 | 1 reply
The Company has major supporters - like Shell and Sherwin Williams, and has had articles published about them in Forbes and The NY Times.
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16 May 2024 | 12 replies
On the lending side there would be no issue, it's a matter of getting that contract written up and agreed upon by all parties.
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15 May 2024 | 2 replies
No conventional lender (that I've found) will be able to fit all this criteria, because it's very unique.Occupancy: Currently rented on a short-term basis (airbnb), however, in the process of securing long term tenants.Gross rent (for 1 tiny house): $14,400 annually ($1200 monthly)NOI (for 1 tiny house): $9,600 annually ($800 monthly)Expected Gross rent (for 2 tiny houses): $26,400 annually ($2200 monthly)Expected NOI (for 2 tiny houses): $18,000 annually ($1,500 monthly)Value of portfolio financed at 8% cap rate: $225,000Loan terms sought: 70-80% LTV loan size ($157k - $180k), 20+ year termAnticipated or actual appraisal issues: This is where one of the main problems lies.
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15 May 2024 | 11 replies
We are still seeing many of these homes being listed for 100%+ over what they purchased a couple years ago.As a buyer, the positive is that the good majority of leveraged Airbnb investors have moved on from Joshua Tree leaving mostly cash buyers and if buying now, you should have a lot of leverage to negotiate with since the competition has thinned out.Mortgage interest rates move with the Fed and the general consensus is that there will be possibly only one rate cut this year in Q3 or Q4 with no more cuts until next year.
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15 May 2024 | 0 replies
I am not sure if this is the right place or not but I wanted some input into any obvious issues with my lease option offers to the tenant buyer that earns plenty of income but doesn't have the cash right now and wants to improve credit before purchasing but would like to lock in the price as our market is still struggling with inventory.
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16 May 2024 | 5 replies
The judge asked every tenant "Where you late with rent", and everyone of them said yes but then proceeded to tell stories about how the landlord was terrible or there were issues and that's why they didn't pay.
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16 May 2024 | 19 replies
I would more so worry about fixing the actual issue than dealing with the emotional aspect of it.