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1 March 2024 | 4 replies
Even in a 203k scenario, forgot to mention it be a 203k.Thank youIf you're adding square footage to make the residential space larger than the commercial space (51% minimum residential) and it is shown on the 203k SOR report, and reflected on the appraisal, the bank should approve it.
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1 March 2024 | 39 replies
Volkswagen Scout Brand investing $11M in Detroit, 200 new jobshttps://www.teslarati.com/volkswagen-scout-11-million-detroit-investment/Hotel Added to Hudson Site, total over $1.4Bhttps://www.detroitnews.com/story/business/2023/11/02/hudsons-site-hotel-plans-move-ahead-as-city-issues-permit/71426631007/Detroit west side Dexter Neighborhood Receives $21.5Mhttps://www.clickondetroit.com/news/local/2023/11/01/neighborhood-on-detroits-west-side-receives-more-than-215m-in-investments/Norway’s Nel Hydron investing $400M, 517 new jobshttps://businessfacilities.com/nel-hydrogen-will-build-400m-gigafactory-in-southeast-michigan#:~:text=In%20Southeast%20Michigan-,Nel%20Hydrogen%20Will%20Build%20%24400M%20Gigafactory%20In%20Southeast%20Michigan,green%20hydrogen%20using%20electrolyzer%20technology.Chase invests $200M in Detroithttps://www.axios.com/2023/09/28/detroit-rebound-jp-morgan-investmentGilbert Foundation invests $439M in Detroithttps://www.henryfordmsu.org/news/september-2023/gilbert-family-foundation-announces-nick-gilbert-neurofibromatosis-research-instituteBollinger Motors investing $44M, 237 new jobshttps://michauto.org/bollinger-motors-plans-44m-metro-detroit-investment/New Detroit Developments to Be Excited Abouthttps://www.metrotimes.com/detroit/15-new-detroit-developments-to-be-excited-about-photos/Slideshow/32734721/32735392BorgWarner Investing $20.6M, 186 new jobshttps://www.crainsdetroit.com/auto-suppliers/borgwarner-invest-206-million-create-186-jobs3 International Companies Choose Detroithttps://www.detroitregionalpartnership.com/international-investment-comes-to-detroit-region/District Detroit $1.5B Development, 12,000 temp jobs, 6,000 new jobshttps://www.detroitnews.com/story/business/2022/11/15/district-detroit-1-5b-development-to-include-housing-retail-hotels/69649853007/6 New Residential Developments in Detroithttps://detroitisit.com/6-new-residential-developments-in-detroit-to-know-about/$2.5B New Center by Henry Ford Health, Pistons owner and Michigan State Universityhttps://www.clickondetroit.com/news/local/2023/02/08/incredible-investment-in-our-city-25b-detroit-neighborhood-redevelopment-to-begin-in-2024/$300M Huntington Place Renovations & New Detroit Hotel https://www.crainsdetroit.com/real-estate/huntington-place-renovations-new-hotel-deal-reached
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1 March 2024 | 16 replies
Also adding to the resources is this 10-part guide on DSCR Loans published on BiggerPockets!
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29 February 2024 | 3 replies
It would convert the existing structure from a 2 bed 1 bath, to a 4 bed 2.5 bath, adding an additional 2000 square feet of space.
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1 March 2024 | 5 replies
Pulling Equity will affect CF in the short term, but may allow you to leverage into additional units adding cash flow & equity over time.
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4 March 2024 | 71 replies
In one large Facebook group on Creative Financing, the owner of the group page is convinced and has his groupies convinced that you put Subject To transactions into a Land Trust and the bank can no longer foreclose.
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1 March 2024 | 4 replies
I responded to a job ad from them and was interviewed by someone from that company regarding a position that would be involved with property damage claims.I'm looking to get more knowledge and experience with properties so that I can eventually use that to manage a property that my girlfriend and I will be involved with.Thanks for your time.Jason
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1 March 2024 | 18 replies
The tenants on Section 8 are by and large animals.
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1 March 2024 | 26 replies
If the bank pays your property taxes on your behalf (ie they are added onto the mortgage payments), then yes the amount may change annually if your property taxes go up.go to the bank by yourself and take notes and ask questions.
1 March 2024 | 16 replies
Do you have a rather new large expensive vehicle?