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26 September 2024 | 14 replies
We are under contract to sell it and supposed to close last week but the city will only issue a 2 DU cert because they "have no record of permits to convert the storefront into a residential coach house"We did a FOIA on the water records which came back with nothing, we are still waiting for the FOIA on the permit records but don't think it will give us anything because we talked to the seller from 1986 and he said the coach house was a storefront when they sold it.
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26 September 2024 | 17 replies
If a prospective tenant needs them they will let you know and pay the cost to have them installed.
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19 September 2024 | 14 replies
@Saijal SindwaniIf you have Section 8 rentals out of state get a property manager who is familiar with Section 8 and that market so when things like this come up they will handle it
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28 September 2024 | 11 replies
You will get hassled at customs if you are travelling frequently, as they deem this as doing business and may require you to get one.
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26 September 2024 | 4 replies
I am thinking I will eventually do new construction on the lot with a small rental.
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27 September 2024 | 4 replies
If you are certain they are throwing it, see if the gas station will put a garbage in that spot so people have an option.Clean up the trash every week.
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27 September 2024 | 10 replies
As @Robin Simon noted this deal is going to be too small for most DSCR lenders as their min loan size on these are $250,000-$500,000If the property is not rural and you need to do a DSCR based loan, I have an option with a minimum loan amount of $100k however the rate will be in the double digits.
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26 September 2024 | 10 replies
I don't think this is a good idea for the sole fact that you intend on selling after his passing.Once they pass (which I hope is a long time from now), those who inherit the house will benefit from the step up tax basis, meaning the net proceeds could be TAX FREE.
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18 September 2024 | 0 replies
However, after reflection, I realized I was becoming too emotionally attached to my first investment after a 15-year break and faced challenges finding reliable contractors.Update (5/17/23):After three failed contractor attempts, I finally secured a reliable one.
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25 September 2024 | 37 replies
Traditional banks will not offer this, private investors do.