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17 June 2024 | 12 replies
@Derek Fortin both listing contract and buyer broker contract if you had one on your side usually defines what period after that you or seller would still be obligated for commission.
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19 June 2024 | 32 replies
The CFPB does define "conventional loan" as "any mortgage loan that is not insured or guaranteed by the government (such as under FHA, VA or AG programs)", conveniently leaving out the guaranteed money that Fannie Mae and Freddie Mac enjoy as pseudo governmental agencies, but no one that does DSCR loans cares what the CFPB calls their loans because they don't govern DSCR.I'm a broker.
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17 June 2024 | 19 replies
So money partner lender in my mind is critical component.
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15 June 2024 | 2 replies
(My company has it’s general liability insurance, of course.)So, this is a temporary arrangement, at least for now.He will charge a fee to pull permits and to do periodic inspections to make sure my subcontractors are doing quality work but I will be project managing the entire job and handling all components of the renovation from design, floor plans, estimating, purchasing, hiring and overseeing the subcontractors, etc.The general contractor and I are regrouping next week to discuss what he would like to charge and I just want to get some feedback from you experts before we meet.
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15 June 2024 | 8 replies
A major component of my skillset has always been grit and being able to outwork others, which I don't think my current position is able to fully utilize.
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15 June 2024 | 5 replies
I'll try to respond to each component of your comment:- My idea of using an equity partnership as described above is coming from Brandon Turner's book "Investing in Real Estate With No (and Low) Money Down," and in the chapter on partnerships he goes through various why someone with cash may want to engage in a partnership.
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18 June 2024 | 121 replies
You mentioned you still made a hefty profit from 14 deals but the CI Lending component is the BS right?
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14 June 2024 | 16 replies
Define you're level of quality and repeat.
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15 June 2024 | 8 replies
Additionally, 14B-2-202 Defines a Basement as:“Basement: A story that is not a story above grade plane.”Additionally, 14B-6-605 notes:“Except in buildings of group R-5 occupancy, floor construction over basements shall have afire-resistance rating of not less than 1 hour.”This means that if you are Very close to missing the 7'-0" mark, you can leave the ceiling unfinished and measure from the floor finish (a thin LVT or Vinyl tile would be recommended) and the Underside of the Joist.Note: Rooms containing gas-fired appliances (i.e.
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14 June 2024 | 13 replies
These terms are defined in Chapter 57D (NC LLC Act) of NC State Statute and referenced by the Operating Agreement.