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10 June 2024 | 4 replies
Can someone please clarify this for me - if I take out a HELOC on my primary residence to purchase an investment property would that have to be for 100% of the cost of the investment property or can I just take out enough for a down payment?
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10 June 2024 | 11 replies
Basically, I'd like to ask the seller to give me a credit for the cost to submeter the gas and water lines during the sale.
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10 June 2024 | 3 replies
Greetings,I am a recent Civil Engineering college graduate, and I am looking for advice on how to secure funding.The deal is located in FloridaI am currently in process of purchasing the Land for $18k free and clearI will be building an 1100 SQ/FT home construction cost will be around $130,000What are some ways I can secure funding as a 21-year-old inspiring developer?
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9 June 2024 | 9 replies
If I were renting it out and not refinancing I wouldn't take that cost up front personally.
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10 June 2024 | 5 replies
I would consider Pelham a better area than the ones mentioned above, but the acquisition cost will be much more and the CAP Rate will be less.
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6 June 2024 | 19 replies
The build cost is $400,000.
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10 June 2024 | 22 replies
The property would be located in a high cost area within NJ.
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10 June 2024 | 5 replies
I am being told in a specific instance that copies of leases are not provided to owners because the legal binding agreement is between the property manager and the resident.In this case, I would have zero visibility on the nature of the lease terms, as well as who is responsible for certain costs borne (utilities, etc)If this exclusion to owners is allowed, what is required in terms of document retention in the case of termination of relationship?
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12 June 2024 | 20 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.
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10 June 2024 | 3 replies
As a pure investment it looks okay, but with a primary residence for my family thrown in at zero additional cost, it looks really really great.