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14 July 2018 | 8 replies
Something to keep in mind is that they'll still want you to have 20% of the total cost as part of your liquidity to make sure you cover cash to close, interest reserves, and initial rehab cost.
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6 August 2018 | 9 replies
Property is 700 square feet and has a total value of $60k with less than $20k in contents
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31 July 2018 | 16 replies
I totally agree with @Ryan Terwilliger.
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1 November 2020 | 13 replies
What’s the total square footage of the building (s).
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13 July 2018 | 9 replies
Otherwise an agent is your best bet.
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29 August 2018 | 14 replies
Depending on the price of the total deal, you should be able to develop the other 2 new builds for about $65psf-$75psf with a good contractor.
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5 August 2018 | 1 reply
If they don't know and you haven't been paying the additional premiums for such coverage and something happens, they are totally in their right to not only not pay out the claim, but to non-renew you as well.
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15 July 2018 | 8 replies
You credit hiccups aren't as important as the performance of the building itself, but you can bet your behind that your debt service costs are going to triple. 2% is a sweetheart deal that you aren't going to find in the market right now.
16 November 2018 | 15 replies
2) What % of your total income would the negative cash flow be, in the first X number of years?