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6 November 2017 | 11 replies
I say that because GC's tend to have project manager or are their own project manager.
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28 April 2019 | 6 replies
We help the foreigner (individual or company) to buy the property, then we renovate (I have two interior designers/project managers in house), then we rent to other foreigners fixed to hard currency (mostly USD but sometimes EUR), then we manage the property.
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11 November 2017 | 2 replies
If you purchased / renovated/ expanded the properties you're speaking about in the last 10 years, you might want to consider a cost segregation project.
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5 November 2017 | 2 replies
I have a tri-plex rehab project I need to get done but I am having a heck of a time finding a professional, reliable contractor.
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22 November 2017 | 21 replies
The reason most people shy away from it is that it takes a great deal of knowledge and expertise they lack to develop, not to mention access to a great deal of long-term capital.Unless you were doing the actual blue collar work, you could not make such a project work as it is too small to afford to hire such work done.
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4 November 2017 | 1 reply
For the split just add up the total project cost, compensate for the labor and then take a 50/50 share.
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7 November 2017 | 15 replies
If you have plenty of time and energy you can save yourself a ton of money on this project, but you are going to work for it, make no mistake.
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5 November 2017 | 2 replies
besides the jobs and tax benefits I do not know that many people who want to live near a power plant Do you see any price changes since the project commenced?
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5 November 2017 | 2 replies
Typically they will sit down with you and do a tax projection as often as you need, monthly/quarterly annually, etc.
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7 November 2017 | 4 replies
.% down of the purchase price and the rehab costsCan be used for primary residence with 1-4 units (could also be looked at as a disadvantage) When using 2-4 unit property, projected income from other units can be used to qualify 6 months' worth of mortgage payments can be rolled into the renovation budget if the house is deemed uninhabitable by the HUD consultantCredit scores can go down to 600s (lender dependent) DTI can go to as high as automated underwriting system allows (typically 56.9%)Allows you to buy a property in any conditionCan use it to fix minor repairs all the way up to basically a full tear-downFHA 203k Disadvantages: Interest rates tend to be about .25-.5 higher than regular FHA loan Additional costs include HUD consultant fee, inspections, title updates, and supplemental origination fee (Cost of doing business, but this is built this into your numbers, so it's no big deal)Must use a licensed General Contractor for a full 203k or up to 3 specialized contractors on the limited 203k Must hold onto the property for 1 year and live in it.