
17 May 2016 | 8 replies
It sound like what you have are parcels of land for sale that were cut out of a larger parcel, similar to a platted subdivision.

18 May 2016 | 3 replies
I've spent several years building up enough liquid cash to be able to do some things in the world of real estate.

19 May 2016 | 23 replies
There were a lot of requirements that had to be met, and a snowball effect of ever larger appreciation from the laws of supply and demand took over.

20 February 2019 | 31 replies
We just finished a dance with CIBC (BTW: They introduce additional scrutiny once you have 6+ {residential} mortgages and have {ridiculous IMHO} liquidity requirements once you have 10+ {residential} mortgages) where they would not include revenue from our 5+ unit properties in their DCR, GDS, TDS consideration ... despite the fact that our 5-unit is financed by RBC with a residential mortgage.

18 May 2016 | 19 replies
WHY because as hardmoney lenders they have more control over there capital.I have been one over the last 30 years my last shop was 35 million so we were not tiny but we were not SEattle funding either.. more on the line of East side or vestus.Borrowers just don't jump ship for 1% or a little cheaper.. they will stick with who will allow them to scale.so when I want to do a 100% deal for one of my long time borrowers no problem. your not going to be able to compete.. the day of 20% plus rates are gone of course.But the portals all want to make 14 to 18% apr just like the HML companies.Can you take market share no doubt but you will have to build it just like I built my companies excellent customer service and flexibility.. right now the Portals like RS have very stringent underwriting they cannot compete with many of the local guys in this market that have 10 to 30 mil to lend. and there is only so much hard money demand in a given market as we know.Vestus and East side get a lot of their business by providing capital to buy at courthouse steps this is highly complicated and lots of moving parts your portals will no way be able to compete at that level.Were I can see a portal doing well though is with bigger funding deals that the HML won't take on.. like larger credit type lines etc we have had some interest from portals for this.. and its not at all competition with the local guys.

17 May 2016 | 6 replies
I recently used this company that got me approved for 8 credit cards that gave me a line of credit of $60K...after going to a few guru classes, they told me I could use the credit cards as "investor cards" and use towards my down payment/ closing costs, I quickly realized 1) the credit cards to use for down payment / closing cost is counted as debt for banks when they determine your debt -to -income ratio. 2) They also didn't want me to liquidate the cards in the bank as they didn't want large deposits made.

20 May 2016 | 4 replies
Environmental Protection Agency estimates that toilets consume 27 percent of indoor water usage.Property managers and landlords sink 25 to 35 percent of their operating costs into utilities, while water costs, in particular, are up an estimated 200 percent in the past 15 years.Meanwhile, small, barely noticeable leaks may add $900 to yearly water statements, with larger leaks totaling, in some cases, $4,000.

18 May 2016 | 3 replies
Also the same color scheme makes the property took larger IMO.

21 May 2016 | 6 replies
@Edwin PinaIf you are an "investor friendly" Brokerage, then you work with ALL types of investors and, like us, are investors themselves.If that is the case... and not just hype, then the three suggestions are inherent to doing business.In our case, we are a larger HUD Brokerage, and because of that have a strong relationship with a HUD approved Title Company with multiple offices who can do a number of things:Mail away closings - We support investors as far away as NorwaySimultaneous closings - We work with a number of wholesalers so this is vital.

19 May 2016 | 18 replies
With that said do you have info on the 12 units your looking to liquidate?