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7 February 2024 | 29 replies
We just completed a triplex renovation in Charlotte that took 1.5x longer than it should but we pushed through and we were able to double rents and improve the living quality.
5 February 2024 | 30 replies
The tenant will not answer my text message.I also explained to him in the same text that we have to come to our property and complete an inspection before we can move forward for him to sign a new lease. what should I do?
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6 February 2024 | 8 replies
I imagine if you found a completely vacant one it would be easier to get the city on board for conversion.
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7 February 2024 | 5 replies
Knowing where you're at in the journey allows you to switch products at different stages (IE at 4 properties, or when you get to 5, or 10, or 15+ and 20+ because pricing/terms change as you progress).I think the local banks and credit unions service another gap as their rates typically tend to be better but there are cons as well such as balloon loan features that require a refi/exit/sale at the end of 5-15 years.Depending on your strategy and outlook weaving different products can help solve your gaps in your strategy going forward.For instance, for me I didnt want a fixed term cash out commercial note so I just did a blanket commercial line across multiple APN# parcels because, we never know when a deal will come up and sometimes having interest charges with no deal doesnt make sense as the funds burn a hole in the pocket so to speak.As soon as I find a property suitable for a project I may use the lines to fund the project with an eventual commercial refinance out when it hits completion in order to pay back down the lines (reload for the next project).
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4 February 2024 | 8 replies
So I decided since they were being completely rude and trying to rip me off that i wasnt paying a dime for it since they were being that way.
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6 February 2024 | 1 reply
They are completely two different asset classes and each buyer is looking for completely different things.
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6 February 2024 | 11 replies
Complete and honest bookkeeping.
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7 February 2024 | 9 replies
So to that end we would supply the up front cash to build and the government would pay us upon completion taking away the whole draw process.
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6 February 2024 | 21 replies
some states require that you pay the loan in full prior to the auction if you want to keep the house. https://www.nolo.com/legal-encyclopedia/summary-alabamas-for...Reinstating the Loan"Even though Alabamalaw doesn't provide a statutory right to reinstate the loan before the sale, many mortgages, like the uniform Fannie Mae/Freddie Mac mortgage, allow the borrower to complete a reinstatement.Check your loan documents to determine if you get a reinstatement right and, if so, the deadline to complete one.
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6 February 2024 | 25 replies
@Kyle Johnson is there a potential insurance claim for the roof?