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28 March 2021 | 16 replies
Will the fact that I am replacing the fuse box trigger the need to upgrade all the wiring to code (I.e. add arc fault breakers, dedicated 20amp circuits to the kitchen, etc.)Frank's advice to contact the local building dept is the best advice.While you're in the process of doing so, I will just add typically I've not witnessed a service upgrade triggering anything beyond an upgraded grounding of the panel and arc fault breakers, typically the circuit upgrades to the appliance circuits (wall outlets at the counters in the kitchen) or circuit upgrades to the bathroom outlets is only triggered when permitted work is done in those specific areas.
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21 February 2015 | 5 replies
There has been many of times that I have had to adopt the cardone WIT attitude.
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17 February 2015 | 3 replies
If you don't understand these terms use the BP calculator and don't forget to input for vacancy and management fee.The beauty of a portfolio loan is that the property qualifies not you with your dti's etc. and doesn't cap you with 10 units, however they usually require the loan to be in a business entity like an LLC.Typically a portfolio loan is a 20-25 amortization but that varies from lender to lender so use shorter loan term in calculator.Ask about loan seasoning, if they require net worth minimum, geographic restrictions, prepays, if they can refi in an LLC so it doesn't show up on personal credit report.Hope that leads you in right direction.
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20 February 2015 | 6 replies
If you are purchasing need to find out requirements for down payment.If you don't understand these terms use the BP calculator and don't forget to input for vacancy and management fee.The beauty of a portfolio loan is that the property qualifies not you with your dti's etc. and doesn't cap you with 10 units, however they usually require the loan to be in a business entity like an LLC.Typically a portfolio loan is a 20-25 amortization but that varies from lender to lender so use shorter loan term in calculator.Ask about loan seasoning, if they require net worth minimum, geographic restrictions, prepays, if they can refi in an LLC so it doesn't show up on personal credit report.Hope that leads you in right direction.
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25 April 2012 | 28 replies
Well, I let him install the cabinets and they are beautiful.
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23 April 2012 | 5 replies
Lenders at that time became very aggressive in trying to enforce due on sale in order to get out of there low interest (in comparison wit market rate) loans.
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13 February 2013 | 37 replies
I planned to chase beautiful women around Europe.
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9 July 2012 | 21 replies
Your floors are beautiful, paint job looks great, tile is fantastic and the outside ozzes with charm!