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22 May 2023 | 10 replies
Remember this is INVESTING and with that our lens of focus is measured in years and decades not months.
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25 January 2020 | 5 replies
@Linda CooperHere is the verbiage directly from Fannie Mae:A four-year waiting period is required, measured from the discharge or dismissal date of the bankruptcy action.Exceptions for Extenuating CircumstancesA two-year waiting period is permitted if extenuating circumstances can be documented, and is measured from the discharge or dismissal date of the bankruptcy action.For FHA it's a 3 year wait from the discharge date and there’s quite a few banks and lenders that will do portfolio loans after 2 years of the loan being discharged.I hope this helps and have a great day.
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21 July 2021 | 7 replies
Retail and office leasing in my market you often times get paid half the commission at lease signing, then the other half when the tenant opens for business which can be measured in months or years (yes really).
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25 May 2023 | 15 replies
Removing and resetting railing, remove and reset near dozen boards with supply half dozen, yeah, not a job measured in hundreds.
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16 May 2023 | 6 replies
There are some heloc lenders willing to go higher than a 80% cltv ... revised idea ...put 225K down ( 30% ) and have 275K cash left over and some immediate equity room for a HELOC ...in the Seattle marketplace - some sellers may shy from a VA offer if comparing it to a cash or conventional loan offer...this is because of the perceived stringent VA appraisal process that really doesnt exist and also because with a VA loan - a seller is required to pay for some of the buyers fees which lowers the sellers proceeds ....if a VA offer is made on a proeprty thats been on the market for awhile - this likely wont be an issue
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26 May 2023 | 0 replies
It is important to note whether the GPs are substantially committed as this shows they have skin in the game as well.IRR (Internal Rate of Return): A measure used to evaluate the profitability of an investment by calculating the discount rate that equates the present value of cash inflows and outflows.
28 July 2015 | 13 replies
I doubt I could remember all of the tools we've used on our rentals, but I'll give it a shot.Screwdrivers of various sizes/types, hammers, crowbar, cat's paw, shovels, rakes, broom & dust pan, wrenches of various sizes/types, pliers, wire strippers, circuit tester, reciprocating saw, circular saw, hacksaw, tile saw, miter saw, table saw, box cutter, scissors, pencils, tape measure, level, drill with bits and other attachments, string, saw horses, rotozip, heatgun, clamps, tin snips, saber saw, trowels, buckets, sheet rock knives, nail guns, paint brushes, rollers, trays, paint sprayer, rags, hoses & sprayers, power washer, tarps, carpet stretcher, work lights, garbage cans, paper tiger, garden sprayer, extension ladder, step stool, 6 & 8 foot step ladders, air compressor, toilet brush, shop vac, extension cords, fans . . . . . . .
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3 December 2020 | 9 replies
However banks (even small local banks) still have pretty stringent underwriting standards.
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28 June 2023 | 8 replies
When it comes to compliance the enforcement measures they could likely be initially applied to each property owner to motivate one of the owners to respond.
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4 April 2020 | 0 replies
Click to link to our latest email to Owners & TenantsHey BP, happy April...if your weeks have been like mine then I'm sure you have had little time for organized responses and even less for productive posts on Bigger Pockets.In the interest of helping everyone by sharing our template for managing properties, above is the link to our latest video cast to both our owners and tenants - this is a really difficult challenge for a property management company because we have opposing needs, collecting rent at a time when increasingly tenants are out of work.The situation is exacerbated with Ohio's delays in processing unemployment (we have flooded a filing system that uses decades old software with an annual equivalent of applications within a month's time - Article) and increasingly stringent containment measures keeping more people at home unable to work.I recommend everyone attend the 2pm updates by our Ohio Governor - Mike DeWine, this has been instrumental in helping our organization understand the best control measures and the latest efforts to control the virus.