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13 October 2024 | 5 replies
Neither can a business they are associated with.
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14 October 2024 | 9 replies
Can’t someone review any recorded instruments associated with your properties and see who signed on behalf of the LLC?
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14 October 2024 | 13 replies
So make sure that you read the HOA or condo association rules seriously before any commitment.
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15 October 2024 | 10 replies
I'd attack the credit report :) 1) lower (pay down) whatever accounts have a high utilization percentage 2) contact each of 3 major consumer credit agencies and get a free report, then dispute every hard inquiry that is *NOT* associated with an open account 3) call the credit cards you already have established and ask for a credit line increase -- often can be done online and they do not verify income, hint hint.
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14 October 2024 | 5 replies
I like to look at each component of the process on an itemized level first so that when I do work with a developer I can have my own reference for all the bundled costs associated with the build proposal.
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16 October 2024 | 10 replies
. $70k is quite a lot where things could go bad imo.But to comment on the other thing:> on the first - maybe. it does seem like you have good experience. but your numbers on it as a BRRRR are overly optimistic. you'll have to pay points at closing for the loan; you'll have holding costs while you rehab; it's difficult to get an 80% refinance; and refinances aren't free either. so you've left tens of thousands of dollars in costs out.So, we have already talked with the hard-money/bridge lender about all associated fees (1.5% origination, $2500 closing), they are included above.
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11 October 2024 | 10 replies
Surveying landlords on my block - one suggested dedicated regular set ups in the basement, and setting rent at $2550, another suggested coin op and being more flexible with rent.
18 October 2024 | 34 replies
I use this to illustrate or emphasize that leverage and associated risk is often times more tied to the collateral than your personal income/liquidity.
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11 October 2024 | 4 replies
For more in-depth economic and housing data, the National Association of Realtors (NAR) and U.S.
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11 October 2024 | 41 replies
However, both associations have a 30-day minimum for all lease agreements.Unfortunately, the bad news is that there really aren't any other buildings that I know of where the association allows short-term leases.