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5 June 2024 | 4 replies
HML just rebranded to PML to give the borrower the illusion that their rates would be lower or terms easier.folks are always looking for that PML who will lend for far less than market.. and as you mention those would generally be individual lenders.ANY COMPANY PML or HML that advertises and holds them self out as a lender no matter what they call themselves are HML or PML they are one in the same.what your getting at with the larger companies is where they get their money..
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7 June 2024 | 13 replies
We own a top-rated local property management company and real estate brokerage here, so lots of resources no matter where you are in your career and always happy to help!
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6 June 2024 | 16 replies
So I may use them for my next purchase depending on the circumstances and properties they have at that time.
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7 June 2024 | 11 replies
if you can build at 50% of after value I'd hire you and I build the cheapest of anyone I know in our market and minimum rates. there's 3 builders that build at our rate. only place I can get us to 50% equity is in miami florida and that is new construction that is selling at $1000 per square foot and up and high density 300+ unit underwriting with incredible economies of scale. columbus has lower construction costs but lower exit. we focus on urban core. my best suggestion is look at urban not suburban for higher valuations. you can't control what new construction appraises at so do it in less risky areas.
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5 June 2024 | 29 replies
Once that term is up you have to renew at the current rate.
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7 June 2024 | 0 replies
When I rehabbed the basement I tore out the existing drywall ceiling and added sound-proofing insulation followed by a 5/8" fire-rated drywall thinking that would be enough, but apparently the tenants can hear us walking, the dogs claws (we have hardwoods) as well as the TV.
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7 June 2024 | 69 replies
Hi,I would be interested in possibly joining depending on day/time this would take place.
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5 June 2024 | 5 replies
I've been using batchleads for over a year now and our response rate has been solid so I can't complain when it comes to data.
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5 June 2024 | 14 replies
- Property taxes and insurance costs are $101 per month- Down payment is 30% on a 30-year fixed rate of 5.5% interest- Monthly rent is $995 monthly- Closing costs are $5,500If you have this information when considering purchasing a property, here's what you'll get if you type this into ChatGPT:"To calculate the return on investment (ROI) and monthly cash flow for the property purchased, we need to consider several factors:1.
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5 June 2024 | 10 replies
.- $500 - $1,000 flat rate breakup fee, payable only in year 1.This very simple, but higher headline, fee structure better aligns incentives.