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10 December 2019 | 4 replies
Ideal every 4 months finding a new MFH (that generates A/B return for house hacking for the year) with huge upside return on the following year & rotate putting the mortgage in the next partners name and (hopefully) put the other two on the title.
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10 December 2019 | 11 replies
I was lucky to get even that b/c I was a broke kid. however, I was eager, optimistic and this family member profited from me working on his other stuff before so the relationship was already functional.
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9 December 2019 | 0 replies
Adding value by installing a functioning heating system and upgrading roof to 40-year industrial metal roofing.
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9 December 2019 | 0 replies
Adding value by installing a functioning heating system and upgrading roof to 40-year industrial metal roofing.
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19 January 2020 | 19 replies
I know first hand that we're always on the move rotating at various hospitals so I think it's a good idea but need to find a good deal first.
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18 December 2019 | 6 replies
Here is some information I received from a lender in NJ let me know if anyone has any other information:VA Renovation Talking PointsPrimary Residence Only – Purchase & Cash-Out RefinanceProperty Type Loan Amount Min Credit Score1 Max LTV/CLTVStandard1‐4 Units ≤ $453,100 Minimum credit score 600 Max LTV/CLTV 100%High Balance1 Unit $453,101 ‐ $1,000,000 Min credit score 620 Max LTV/CLTV 100%Super Max1 Unit $1,000,001 – 1,500,000 Min credit score 660 Max LTV/CLTV 100%Eligible Property Types 1‐unit attached and detached SFR, PUD 1‐unit VA‐approved condominiums¹ 2‐4 units 1‐unit (double‐wide) manufactured home –eligible forlimited renovation product only Modular homes¹ Site condominiums in MI are treated as SFR.VA Limited RenovationNo minimum repair amount and maximum repair amount $35,000.00 including all costs Repairs must start within 30 days and be completed within six (6) months Maximum of 2 draws (Initial and Final) with written approval from the borrower at each disbursement Initial disbursement to cover the lesser of material cost or 50% of bid Final inspection and title search required for final disbursement 10‐15% contingency required (15% required when any utility is non‐functioning) Properties that require the following work items are not eligible for financing under the Limited VA Renovation Program:o Major rehabilitation/remodeling, such as the relocation of a load‐bearing wall; o New construction (including room additions); o Repair of structural damage; o Repairs requiring detailed drawings or architectural exhibits; o Landscaping or similar site amenity improvements; o House is uninhabitable at close of escrow o Any repair or improvement requiring a work schedule longer than six (6) months CONTRACTORS MUST HAVE A VALID VA BUILDER ID VA Standard Renovation Minimum repair amount is $5,000; no maximum.
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12 December 2019 | 13 replies
As usually the owner does that.if you want to dig more into learning about self storage, I would highly suggest using the search function on this site as well as paying attention to posts by Scott Meyers and Michael Wagner and Michael's blog all thing self storage.
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2 March 2020 | 6 replies
In short they are functional but need a fair amount of repair.
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14 December 2019 | 21 replies
@Ray Trounday To get IRR, use the XIRR function in excel.
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20 December 2019 | 9 replies
Looking at properties, networking (going to functions, volunteering, working open houses for agents who are busy, manning the agency's phones etc) left little time for the wife and my young son.