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16 June 2024 | 1 reply
I have personally not worked on any of these but it does not seem to be anything too crazy.It's an FHA Loan that can be combined with other FHA products like a 203k.I am a Loan Officer for "Correspondent Lender" so I can operate under the rules of over 100 lenders...I would be able to place this in a few hours with 1 email...We would just have to make sure all the boxes are checked...Energy Efficient Improvements Must Be Cost-EffectiveThe financed portion of an Energy Package must be cost-effective.
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21 June 2024 | 5 replies
I do like the smaller properties because occupancy tends to stay pretty high and consistence and costs generally are low, but I know we are also missing out on the really great returns on some of the larger properties.
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20 June 2024 | 9 replies
Purchase price is below $30K, renovations cost based on one contractor bid is $350-500K.- Best way to estimate the ARV.
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21 June 2024 | 1 reply
VA assistants has dramatically reduced our work in the business and provided 24/7 monitoring for a fraction of the cost of local property management.
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21 June 2024 | 4 replies
Here's some more context:Rehab cost about 30k.
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18 June 2024 | 0 replies
When people refer to the Federal Reserve “setting rates,” they mean the effective federal funds rate or the rate at which banks charge other institutions on an overnight basis.
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21 June 2024 | 30 replies
I will definitely weigh things regarding the environmental risks and the insurance costs.
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22 June 2024 | 14 replies
@Crystal Sherman you can try to wing everything you do, but you'll eventually find it is efficient due to time constraints and costly mistakes.So, you'll want to create efficient processes for everything.
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21 June 2024 | 7 replies
It has got very difficult to clean the carpets so replacing them every time a tenant leaves is no cost efficient either.
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21 June 2024 | 4 replies
But the damage to the blinds and the cost of removing trash definitely justify holding back some of the deposit.As for the documentation, it’s a good idea to provide a detailed accounting statement along with receipts for any repairs or replacement items.