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16 November 2017 | 2 replies
If you buy a 2nd position you are buying subject to the senior lien; If that lien is in default then the total payoff ( if in default or foreclosure, interest, late fee's, foreclosure fee's, etc. ) is still owed and secured on the home.
27 November 2017 | 15 replies
What would your total monthly mortgage payment be?
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18 November 2017 | 21 replies
As an example there is/was an estimated 3,000,000 SF of industrial space occupied by marijuana users in Denver out of 300,000,000 SF total.
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3 January 2018 | 16 replies
For a 16ft (4 - 30", 1 36"sink,1- 24" DW, 1 30" microwave cabinet. 2 - 18", 1 30" for island (10 total boxes @$400 each installed)) of counters/cabinets, I'd expect a $6500 cabinet and counter budget which includes sink and hardware. 24sf of cabinet counter + 12sf x $40/sf budget placeholder is $1440.
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21 December 2017 | 13 replies
Do not rely on it for legal advice.
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3 July 2018 | 31 replies
TOTAL PROJECT/CONSTRUCTION COST $25,000,000LAND COST $ 3,000,000 (CONTRIBUTED BY US)TOTAL EQUITY (INCLUDING LAND) $ 5,000,000CONSTRUCTION LOAN $ 14,000,000MEZZANINE LOAN $ 6,000,000The developer is getting a fee for the project.
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17 November 2017 | 5 replies
How do I go about ensuring that at the time of closing, the total cost of fixing plus my fee for the fixing and coordination gets into escrow and I get pay out at the time of close and my brother only gets the remainder from this sale?
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16 November 2017 | 12 replies
The debate going forward is continue using my own cash (in total control, no interest, can make more competitive offers to acquire properties, higher $ amount returns, no contractor draw requests/inspections to deal with throughout entire project) or turn to a HML who is going to cost me around 10-11% with 2-3 points interest only loan with no pre-payment penalties (much less cash out of pocket, high cash on cash % return, potentially do multiple projects at once).
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20 November 2017 | 9 replies
As someone who likes to be conservative with projections in all other things I do, I totally understand the conservatism here.