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23 January 2017 | 3 replies
Here is the scenario:The project has gone on twice as long as expected, therefore holding costs have been twice as much.The project is maxed out for 203k limit for a 3 unit - meaning nothing more could be borrowed on it at the time, regardless of DTITo close out the 203k, the property has to go through final inspection with the cityTo go through final inspection with the city, we need about $40k of additional work (including new 1.5" water service)The property is not performing, so the banks see my DTI at the moment as very, very high - too high to get traditional financing, almost any way you cut it (HELOC, etc.).
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17 January 2017 | 1 reply
I have extensive experience in traditional and digital marketing and branding.
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29 January 2017 | 14 replies
Say your market all of a sudden wants tradition homes and you made yours too modern and it sits.
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13 November 2017 | 16 replies
If its an industrial building traditional "retail" uses likely wont be allowed and similarly if its a retail building chances are good that most industrial uses wont be allowed.
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24 November 2017 | 7 replies
If I can acquire traditional financing on multiple properties then I would have no reason to go through a portfolio lender..?
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4 December 2017 | 4 replies
I'm not intending to use my license in the conventional sense (becoming a traditional 'realtor').I am hoping to do the majority (if not all) of the coursework online.
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8 December 2017 | 32 replies
His reply "we noticed water coming out of the medicine cabinet yesterday, was going to call you, but forgot".I got service contracts, 24/7 for the heating and not water systems and gave tenants the phone numbers to call in the event of emergencies.
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25 July 2016 | 7 replies
If materials such as tiles are stolen from the home the cost would not be covered in a traditional homeowner's policy for the home you live in.As your investment project progresses, your insurance needs also change.
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2 May 2016 | 23 replies
Anyone who wants to preserve value must look somewhere besides traditional savings to do so.
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26 April 2016 | 7 replies
Then its like a traditional fix & flip/rent as it will need minor to major rehab.