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20 May 2024 | 7 replies
I'm looking to start this with between $75k-$100k (inlcuding $55k down) to account for maintenance ect.
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21 May 2024 | 9 replies
That is what my lender required.
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21 May 2024 | 0 replies
Tutorials emphasize the need to do due diligence on all the following:--check for taxes and liens against the property--find out which taxes and liens, if any, will remain attached to the property--make sure it is a buildable lot--to do above, you need to establish how the lot is classified for code purposes, and access the lot specifications, minimums the lot must meet for construction to be allowed--you further need to find out what its sewage situation is because 1) municipalities have different lot minimum specification for lots with public sewage and lots with septic; and 2) if the lot will require the construction of a septic tank, you need to take that into account in your decision.
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20 May 2024 | 8 replies
How we all get around this in the industry is the rest of the states if its a commerical purpose loan no license required..
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21 May 2024 | 2 replies
I was told by my HVAC gut that the government was going to be requiring AC units to be butane based refrigerant replacing R410A so the prices were going up 10-15%.
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21 May 2024 | 53 replies
This, of course, would require the bank appraises 20% equity on top of what you paid.
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21 May 2024 | 5 replies
TSAHC does not require borrowers to use an approved REALTOR®, however we provides several resources to help find a REALTOR® familiar with TSAHC’s programs.My lender and I are using TSAHC with investors/buyers for their primary residence.
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21 May 2024 | 3 replies
Do not do work that is not required though.
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20 May 2024 | 8 replies
The big differences are that RV parks are typically amenity rich which requires more overhead, can be seasonal in nature (but not always), require a nearby destination to work well (as opposed to employers), and use values that are typically 2 points higher in cap rate.
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21 May 2024 | 0 replies
Sometimes, sellers might require a smaller down payment or even none at all.