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27 May 2024 | 9 replies
We feel very confident in our underwriting, but given the jump that we made from SFH to an apartment building, we want to ensure we're not missing steps in our DD/inspection plan.Here's our current plan:1) Have a general inspector complete a Property Condition Assessment.2) Have specialists complete an evaluation of the roof, electrical, foundation, and heat source (2 steam boilers).3) Review financials, all leases, existing service contracts, rent roll, tax assessment, rental certificate, and 12 months of work orders.Here's what I'm not sure about:1) Are there DD items (specifically those that we would request from the seller) that are not captured within #3 above that we should be requesting?
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30 May 2024 | 12 replies
I appreciate you taking time to provide advice.
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29 May 2024 | 9 replies
Any guidance or recommendations you could provide would be greatly appreciated.Thank you for your time and insights!
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27 May 2024 | 0 replies
Hi All
I’ve just bought a home in the Nevada City area: After a neighbor informed us of meth smoking in the house, we tested. It tested low: Highest levels are .3, well below the 1.5 legal limit for contamination.
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29 May 2024 | 1 reply
3.c) Not be arrested at all (based on the color of title that my QCD will have provided to them), and will Trump have to evict them after proving to the court that my buyers don't actually have title to the White House?
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29 May 2024 | 7 replies
Here are the details:Assumable loan balance: $750k at 2.75%List price: $950kDownpayment needed: $200k to cover the differenceMy initial plan to make this deal work included a few options:Getting a loan for the $200k difference.Bringing in a partner.Asking for seller financing.However, when I discussed these options with my agent, I hit a few roadblocks:Second Mortgage: My agent said no bank would provide a second position loan for the $200k.Seller Financing: He mentioned that 99% of sellers would reject this, though we're asking anyway.Agent's Advice: He suggested I just get a conventional loan and put 5% down for the full $950k, but I feel this defeats the purpose of leveraging the assumable loan.Given these challenges, I’m trying to figure out the best way to raise the $200k.
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29 May 2024 | 5 replies
I'm honestly not too picky in terms of area provided it cash flows.
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29 May 2024 | 0 replies
At Partner Driven, we provide comprehensive support, including funding, strategic guidance, and project management.
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29 May 2024 | 7 replies
They will keep track of that for you and can provide statements.
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27 May 2024 | 1 reply
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!