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7 May 2020 | 6 replies
(I think I could maybe increase rents down the road for having it too though so that may offset)- My PM mentioned that "Unfortunately this is a major component... could be grounds for your tenants to withhold rent payments".
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13 May 2020 | 23 replies
Proximity to an incredible international airport like LAX is a big bonus, as SAN is a fraction of the size or capability or quality, unfortunately we have a garbage airport for America's finest city.
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22 May 2020 | 18 replies
Unfortunately, you can offer the tenant money but realistically it may not work.
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4 June 2020 | 6 replies
Common unforeseen circumstances include, but are not limited to, delays in getting permitting or scheduling an inspection (though an expeditor may assist with this or a third-party engineer if that's permitted by the locality), the quality of the GC/subs/vendors and whether there is transparent and timely communication and conformance with the plans drawn up by the architect/engineer, zoning issues, setbacks/variances, what materials to use for the new builds (e.g., are you going to use cinder blocks or poured concrete for the foundation?)
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7 May 2020 | 1 reply
Unfortunately, Freddie doesn't like cross collateralized portfolio loans under $50M in aggregate - they're more inclined to do six individual one-off deals, which puts upward pressure on my client's closing costs and origination fees.
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5 June 2020 | 4 replies
Unfortunately I forgot where I saw the posts, but there's a handful of online zoom meetings in the Springs happening soon and there's plenty of folks in the area that will probably chime in shortly.
9 May 2020 | 4 replies
No reimbursement for the taxes, insurance, lost rent or attorney's fees if you decided to hire your own attorney to look over things because it was taking so long.If you unfortunately lose, or if the insurer decides not to spend the money defending it will pay you the lesser of the amount of the policy amount or the value of the property.
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1 June 2020 | 5 replies
Unfortunately the interest rate will probably be at prime rate plus some % points variable rate over 20 years (if requested they might consider 25 years).All the above will only be possible for SA citizens and if it is your first home loan / purchase.
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8 May 2020 | 3 replies
Does anyone have any other ideas of how I may find a way to fund new deals considering my above mentioned circumstances.
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9 May 2020 | 2 replies
Unfortunately, we are in the midst of a national lock-down and networking events have been placed on hold.