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16 July 2024 | 12 replies
of course you have to handle the inquiries… but it’s pretty easy… we’ve done it multiple times.Your 6% appreciation approximation is less than the 7% average return the stock market does long term - and lately it has been blowing that figure away - though as they say - past performance doesn’t equal future performance.
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15 July 2024 | 23 replies
With this methodology, high real estate prices and high turnover in properties do not equal A neighborhoods.
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15 July 2024 | 26 replies
If you’re nervous tell people you have to meet the pet but I wouldn’t automatically assume smaller equals better and larger equals worse. 3) If landscaping is the dealbreaker just pay for it.
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13 July 2024 | 2 replies
Contrary to popular borrower belief, the mortgage business is actually more about people than numbers.
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13 July 2024 | 6 replies
I am genuinely curious but would guess he would not at this stage of his RE investing path.My belief is most value is to be added on highest cost asset.
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14 July 2024 | 9 replies
A little background information in case it's important: there are 3 partners holding equal ownership in the LLC, only one of us lives in MI.
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13 July 2024 | 2 replies
Draw schedule to be agreed upon prior to closing.Term: 1 YearFee to Lender: 2.5 points – ($13,125 paid at closing from loan proceeds).Interest Rate: 11.5% Interest-Only billed monthly on outstanding balance.Interest Reserve: $15,000 – approximately 6 months interest, paid at closing from loan proceeds.Once interest reserves are depleted, borrower to make interest-only payments monthly.Pre-Payment Penalty: Should loan be paid off prior to interest reserve funds being depleted, a pre-payment penalty will be charged equal to the amount remaining in interest reserves at time of payoff.Loan 2: Loan amount 490,530.60Lender Points: 3%broker points: 1%rate: 11.99%Term: 12 months (interest only)Prepayment penalty: NoneProcessing fee needs to be wired before LOI can be issued
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13 July 2024 | 6 replies
I had a tenant report me over her perceived belief that I was in violation of needing a building permit.
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13 July 2024 | 8 replies
The scale of economy in this route is very appealing and offers a different kind of stability and growth potential.I’m equally interested in both options.
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11 July 2024 | 0 replies
This belief led me to pursue a career in kitchen remodeling, and I am proud to run Evolution Home Improvement LLC, a business dedicated to transforming kitchens into beautiful, functional spaces across New Jersey.Over the years, I have seen firsthand how a well-designed kitchen can enhance the value and appeal of a property.