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2 February 2022 | 4 replies
My background: biologist, environmental consultant, been doing wetland delineations and permitting for a decade and “land development” work (permitting, re-zoning, community involvement, environmental work: everything but the site drawings and construction itself!)
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14 October 2010 | 9 replies
No active leaks noted yet but they may be a concern. there is an old inground pool that is a liablity but I would plan to rent a jackhammer, push the smashed concrete in, and fill the rest with dirt and throw some seed over the top.Broker did not have access to environmentals or appraisals because the bank bought the property back before foreclosure. broker seems to imply that the concerns are deffered maintenance and estimating capital requirements for roof and windows. broker also implies that seller will not accept less than $800k.cash flow is currently negative due to being poorly managed IMO. the budget includes items like $1,800 for telephone when a phone cost 25-30 per month. the bigger kicker is there is an option to either rent with no utilities included (at rental rates quoted above) or to pay an extra $100 for water and electric included (units have central HVAC included in electric).about 40 units have opted into this program giving a budgeted utility rebill income of around $4,000, the problem is that budgeted electric is over $4,000 and water is just over $4,000, and not only that but in September the electric bill was more than $8,000.
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1 March 2012 | 6 replies
Seller is not aware of any structural defect or adverse geological or environmental conditions affecting the property and its value.7.
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18 May 2012 | 12 replies
But, there is a question about whether "environmental contaminants" have ever been used in the house.
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31 May 2017 | 13 replies
These lenders are more sophisticated in dealing with investors, as they've consciously decided to follow Fannie's 10-property limit, unlike most secondary market lenders that apply a 4-property limits.
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1 October 2013 | 25 replies
Various ways to hold title, the escrow process (all states are different) financing, appraisal, ethics, environmental laws, discrimination, etc.The point is, there are MANY ways to get your education, a degree isn't necessary, knowledge is.
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9 November 2022 | 9 replies
Here's a few options off the top of my head, stream of consciousness, no particular order:Evaluate and make an offer on the property just as you would do for yourself....in other words, treat it like a property you are seriously interested in.
4 April 2016 | 5 replies
You would also be looking at about $50k in other costs like an environmental report, appraisal, property condition report, survey, title, your legal costs, etc.
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9 November 2022 | 16 replies
If there are board up's in the neighborhood, significant crime and other environmental factors, it may be a property that lenders will shy away from.
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10 December 2022 | 5 replies
This is probably a broader question, but it really relates to some things like the appraisal, you may have to pay $5,000 for an appraisal, $3,000 for the phase I environmental report, $2,000 for an ALTA survey, you may have a nominal application fee: it all depends on your loan size,For commercial investments in industrial in 2022, they're very hot and heavy, so I don't think borrowers have to spend much for upfront fees.Do I get a copy of my lender reports?