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6 August 2024 | 2 replies
(I bought it 3 years ago)I'm trying to see how long in the future I will need to do another gut renovation, so I can start saving up some money toward it.Things are in pretty good shape.
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6 August 2024 | 6 replies
Like Caleb's response, in Florida, a landlord can't terminate a specified lease term on grounds the the landlord wants to sell, unless the lease provides the landlord with that termination option.
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6 August 2024 | 4 replies
The lender has required a 'Prior to Docs ( “PTD” ) Condition':"Business Verification Needed - Broker to obtain a CPA letter to confirm the borrowers current business waspreviously filed as sch c and confirm how long been in business for."
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4 August 2024 | 5 replies
As long as I keep track of what expenses belong to which LLC, is it safe to continue running all of the payments and credit cards through the holdings company and then just divvy it up during tax time?
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4 August 2024 | 4 replies
We have consulted with real estate lawyers and they basically just tell us you guys need to create your own terms and how you want to proceed. my thought is, 100k down while waiting for loan to assume, and seller financing and living there until that moment, and covering the rest of the funds at the closing table.
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5 August 2024 | 9 replies
Although from lenders perspective if you have done handful of successful rehabs, you should already have a pretty good understanding of the process, and can have an easier time to obtain a construction loan.Also Development (building multiple houses at the same time) will require additional skillset vs one house at a time.
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3 August 2024 | 5 replies
Roseville and Rocklin are great areas for long-term stability and growth, but the prices are quite high and the rents are LOW, and they're not friendly in terms of regulations for STR.
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5 August 2024 | 7 replies
The terms are not as attractive on a mixed use loan compared to a 1-4 unit residential loan.
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2 August 2024 | 2 replies
Cut out all the noise and focus on what you want, and ehat will bring you success!
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6 August 2024 | 13 replies
I get where you're coming from with the concern about the new casino's impact on short-term rentals (STR).