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19 February 2024 | 0 replies
The questions and inquiries always ran the full gamut, however, because our initial homes were predominantly in working class neighborhoods, the most common initial question we received was, “Do you accept Section 8?”
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19 February 2024 | 0 replies
You will receive a report as a result of the cost segregation study that supports the breakout between asset classes and new depreciation schedule in the event that you are audited by the IRS.
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19 February 2024 | 18 replies
After the showing, they receive a request for feedback on the unit or the person showing it.
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19 February 2024 | 10 replies
DSCR loans are typically best with 6 months seasoning, but there are options for 2 options for 3 months or even no seasoning: 1) to where you can get your costs out (purchase + renovation) as long as that number is at or under 75%, but if any other forced appreciation has happened you are limited to the max of your costs in or 75% of market (which ever is lower) OR 2) no seasoning DSCR loans which candidly come with pretty high points that make them MUCH less appealing.
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19 February 2024 | 11 replies
Typically, architects know structural and civil engineers whom they have worked with in the past and can refer you to.
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19 February 2024 | 5 replies
Right after closing on this im actually looking for another with a normal down payment size lol this is just my second VA home Yes that's exactly right. 15% equity into the deal typically land is enough to cover it, refinance with construction loan once the permits are finalized and use variance, build, lease up, refinance with DSCR, recycle the same one.
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19 February 2024 | 11 replies
That is not my area of expertise but typically a commercial lender would need to know a lot more about the building and usually capped at 75% LTV.
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19 February 2024 | 6 replies
You typically only need to put down 5% on a 2-4 unit which in my opinion is a no brainer!
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19 February 2024 | 14 replies
We advise clients on DSTs and the typical profile of a DST investor is someone that's older/looking to retire and go from active ownership to passive investor.
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19 February 2024 | 14 replies
The deductible for any earthquake damage is typically 10-15% of the policy's insured value.