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15 July 2024 | 3 replies
I wouldn't think they would require a redo for work that is readily visible, but it seems like your inspector is on the extreme end.Try asking for forgiveness first since it is a trivial amount of work with low complexity/skill required.
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16 July 2024 | 12 replies
The first thing that comes to mind is to rent by room or padsplit.
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15 July 2024 | 10 replies
If this is your first time investing in 5+ MFH, you might be able to get a financing with a tradition DSCR lender as along as its not over 10 units.
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14 July 2024 | 4 replies
Maybe after my first couple of facilities I will seriously consider something like that.
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16 July 2024 | 15 replies
We decided to halt all new loans with the borrower until current projects were completed and be repaid.In April, we sent counsel to the first hearing pertaining to code violations and began to learn of information that was contrary to the third-party inspection reports.
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15 July 2024 | 4 replies
Would someone actively be reinstating it or is there a multi step removal process and we are not actually getting through the entire process because we are only talking to the folks involved in the first step(s).Are there any keywords you can mention to the support staff to try to get someone more helpful or do you just keep calling until someone knows what they are doing?
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15 July 2024 | 5 replies
When you're fully ready for analysis check out the renter analysis tools and don't be afraid to post questions and ask for help, everyone is really supportive :) A good first step and great lending resource (super important in today's market) might be to check in with my lending guide and bestie of 20+ years @Joseph Chiofalo they lend nationwide and he's very patient with newbies and can help craft a workable plan towards portfolio growth.
15 July 2024 | 2 replies
Current Carrier: First check to see if the current umbrella can be inceased.
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10 July 2024 | 17 replies
First thing I'd like to share is that getting your RE license and becoming a RE investor are two completely different things.