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4 December 2024 | 37 replies
I would double check and make sure they are a legitimate license lender.
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10 December 2024 | 22 replies
you may find it beneficial to avoid paying lender fees over and over again, on 3 properties though if you go with a lender that doesn't charge a ton of junk fees then you'd save doing it separately.
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5 December 2024 | 5 replies
In the case of a HomeStyle Renovation loan, your lender might have added PMI at the time of the loan because the LTV was higher than 80% at the time of the initial loan and renovation.PMI Removal After Renovations: If your LTV has dropped to 73% after the renovations (meaning the value of the property has increased substantially), you may have a legitimate case for PMI removal.
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3 December 2024 | 1 reply
As long as the custodian company is responsive I wouldn't worry too much.Do your due diligence and make sure the custodian company is legitimate.
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7 December 2024 | 2 replies
Quote from @Harita Konjeti: Tenant has not paid entire rent for first month, do I have any other options other than charging late payment?
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8 December 2024 | 1 reply
By way of example, a lender may charge retainage, only release soft costs upon C/O, may limit loans to a set number of draws or only allow draws once a certain dollar amount of work has been completed.
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19 December 2024 | 50 replies
So, my experience has been that an LLC is a lot easier to properly maintain as an entity than a corporation, and hence much more difficult to “pierce”.Some confusion occurs because of a misunderstanding of the plaintiffs charges.
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6 December 2024 | 36 replies
At my day job (non-RE), we have a recurring vendor that charges us about $150K/month.
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8 December 2024 | 2 replies
Spoke to a HVAC contractor saying about 7k for HVAC work and 1K for electrician work total 8k but overall may improve tenant experience and maintenance charges to me but bit more price to put upfront
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11 December 2024 | 8 replies
Or find a local design firm that has done cabins where they can show you proven rent results from cabins they've designed and have them charge you by the hour.