Michaela McCoin
Non-performing Notes Newbies!
10 June 2021 | 25 replies
Remember that notes are NOT real estate no matter how much sellers will convince you of that otherwise.Pricing nowadays is ridiculous so as Chris mentioned gurus will often cite examples of buying at 50 cents where more often than not on public websites like Paperstac you will get assets sold to you at 70-85 cents.
Brad Collins
Nonconforming Multi-Family in RS6 Zoning
3 June 2021 | 3 replies
A nonconforming use is a use of land, buildings, or structures that was lawfully established prior to the effective date of this ordinance, or any amendment thereto, but which does not conform to the regulations for the zoning classification in which it is located.Nonconforming uses may be continued subject to the following limitations:a) No nonconforming use shall be extended, expanded, enlarged, or moved to occupy a different or greater area of land, buildings or structures than was occupied by such use at the time it became nonconforming; provided, however, a nonconforming use may be extended throughout any parts of a building which were specifically designed and arranged for such use at the time it became nonconforming.b) No building or structure devoted to a nonconforming use shall be enlarged, extended, reconstructed, moved, or structurally altered unless such building or structure is thereafter devoted to a conforming use; provided, however, such building or structure may be enlarged or extended upon prior authorization from the Board of Adjustment, which authorization shall not be granted unless the Board of Adjustment makes each of the following findings of fact:1) The proposed enlargement or extension shall be de minimis in relation to the existing building or structure.2) The proposed enlargement or extension shall not increase the intensity of the nonconforming use, which is to say, it will not result in an increase in dwelling units for a residential use nor in gross floor area for a nonresidential use.3) The proposed enlargement or extension is designed so that it will not render the use of the property any less compatible than it is in its existing circumstances.4) The authorization of such proposed enlargement or extension is not otherwise contrary to the public health, safety or welfare.c) A nonconforming use of a structure may not be changed to another nonconforming use unless such change is authorized by the Board of Adjustment.
Timothy Smith
2 Weeks Past Closing and waiting.... on a $60mil mortgage
7 June 2021 | 2 replies
If the seller and the boss are still on good terms maybe the PR can be obtained but it may not be easy or fast.
Nicolas Thatcher
Far East Austin is about to BOOM
26 July 2021 | 7 replies
Including the highly publicized Springdale Green.
Austin Swanson
Perfect BRRRR - Detailed Investment Analysis
3 June 2021 | 1 reply
This has given me confidence to expand on this strategy, such as how I purchased my duplex and other public company investments.
Tinah Canda
Estoppel Agreements query
3 June 2021 | 0 replies
I am supposed to close on a property in 20 days and have asked my agent to obtain this letter, his response is -" We won't get them back until closer to closing, you want that information to be accurate when ownership is transferred."
Reyna Guy
First time Buyer Indianapolis
3 June 2021 | 2 replies
I've been obtaining a lot of information, and I have considered purchasing a duplex with a FHA loan and living in one side.
Kenneth Vasquez
Understanding hard money and brrrr
3 June 2021 | 1 reply
Here's a simple example (because I'm a visual learner lol):Assumed ARV = $115,000Purchase Price + Cost = $45,000Rehab Costs = $35,000All In Costs (total above) = $80,000 financed fully by a HMLBut then the appraisal comes back at $100,000 and you're only able to obtain an 75% LTV, meaning you'll only cash out $75,000.
Daryl King
Tax obligations on an inherited house
19 July 2021 | 17 replies
I’ve been involved in the sale of property when probate was involved a handful of times, and to my knowledge they were able to obtain 100% of the proceeds.
Zhenwei Chu
Section8 metro Housing in Boston accuse me discrimination
6 June 2021 | 28 replies
You just posted evidence of your intent to discriminate on a public forum.