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20 August 2010 | 8 replies
Then they always questioning whether I had the right permits when none of the items required permits.
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7 February 2010 | 5 replies
Unless there is more to the structure of the deal than you have told us, the charity is working with a property buyer who just happens to be purchasing the relinquished property in someone else's 1031 exchange.The presence or absene of an exchange seems incidental to the deal.I am guessing that the charity is working with a buyer who is using a loan program that does not permit seller assistance with the downpayment, but will allow the downpayment to come from a charity, but has a property under contract with a downpayment concession from the seller.The seller "contributes" the amount of the downpayment to the charity, and the charity funnels the money back to the buyer as a gift at the settlement table.
16 December 2009 | 12 replies
If you are going to take pets, only permit them in units that have fenced yards.
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6 January 2010 | 26 replies
Of course, just like any other thread, no attacks would be permitted and it would be moderated.
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11 January 2010 | 6 replies
It's not a pretty park,basically rural and low income.It has 24 spaces including 24 mobile homes which are park owned free and clear(value $35,000).Currently 19 are rented for an income of $9400 per month.The other five still need some work and permits and need to be put on pads at an estimated cost of $9000 total.The potential income with the five is $11- $12,000 month.I'd like to use a 40% expense ratio(owner claims much less)I asked about maintenance issues and he says it could use some landscaping,painting and may have to buy two new septic tanks soon.I'll use $10,000 as an estimate.Please let me know what price you would put on it assuming a 10% cap rate.Thanks
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1 February 2010 | 14 replies
Finally, we're going to ask them to show us in the HOA covenants where it is not permitted to park in an auto tunnel - which is what we have and what they approved.
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3 January 2010 | 3 replies
There should have been some sort of building permit issued, or permit to move the home.
6 February 2013 | 24 replies
Are there usually any extra inspections or permits needed for that type of deal?
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6 January 2010 | 14 replies
I would imagine that everything involving the process can be had for a discount from design to construction maybe with the exception of permitting.