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5 March 2024 | 18 replies
Don't forget to include rent avoidance in your numbers!
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5 March 2024 | 27 replies
My experience has been that much of the overhead with multiple parcels is reduced.
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4 March 2024 | 17 replies
Another suggestion is for you to shop for a natural gas provider to reduce your costs.
6 March 2024 | 6 replies
I’m not a fan of including utilities as you encourage tenant waste and your property appears to be more expensive than the comps.
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5 March 2024 | 4 replies
This reduced the "fear factor" premium in bonds.
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6 March 2024 | 13 replies
The max qualifying DTI is 48.99% which includes your housing expense and all other debts on your credit report.
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4 March 2024 | 0 replies
Most reports say, given affordability constraints and overall market volatility, renters are staying put for much longer periods of time, reducing turnover.
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6 March 2024 | 13 replies
I'm happy to talk about the greater Phila market (including suburbs).
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6 March 2024 | 7 replies
Most lenders...us included...treat the flip/rehab/bridge loan and the permanent financing such as a DSCR loan separate financing facilities.
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6 March 2024 | 8 replies
cloa...Note should include a provision similar to the following:FOR VALUE RECEIVED, I, [Borrower name] (hereinafter known as “Borrower”), promise to pay to the order of [Trustee/trust, payment address] (hereinafter known as “Lender”) the sum of Fifty-Two Thousand and 00/100 Dollars ($52,000.00), with interest from the date hereof until paid at the rate of Six percent (6%) per annum on the unpaid balance, payable as follows: Commencing on April 1, 2024, and continuing on the 1st day of each and every month thereafter principal and interest payments of $577.31, with the entire remaining unpaid balance of principal and interest, if not sooner paid, being due and payable in full on or before March 1, 2034 (the "maturity date").Record a first priority security instrument (mortgage or deed of trust).