18 November 2021 | 14 replies
I personally feel in this situation I would have the owner file eviction and get them out before you take ownership even if it delays closing.
12 April 2022 | 37 replies
My lender only offers 80% of purchase for delayed financing but I have heard of people getting 100% assuming that’s not over 80% LTV.
2 August 2022 | 17 replies
You sound happy, and I’m happy for you.Not to poke holes at you, but househacking a duplex you got commission on for being the broker while simultaneously needing an FHA loan to contain costs/minimize expenses isn’t something I would count as a 1% property on the MLS as it’s not repeatable, and further proves the point deals are no longer “had” or “found”- they require active participation to be “made”.
19 September 2021 | 45 replies
You can minimize that somewhat.
20 August 2021 | 13 replies
Had a tenant years back who always claim check is in the mail, and it's either lost or delayed on many occasions.
4 December 2021 | 12 replies
The BnB is in a townhouse development with minimal parking other than driveway space (one can fit a large vehicle or two small with a tight squeeze) and garage.
30 September 2021 | 3 replies
Coming off the heels of COVID, there were definitely material shortages, shipping delays, and contractor delays.
24 September 2021 | 4 replies
Yes, the property values are reassessed triennially (every 3 years) across the board, but they also adjust the effective tax rate when they do so (they use the term "mills" to describe and calculate this), so in most cases if your property is just sort of keeping up with the value trend for its area you will see a fairly minimal tax increase.
5 October 2021 | 1 reply
Site and features make it a 10M parcel with gradual development in 10 years (could flip for 3-5M immediately with the right marketing)B) Standard downpayment (240k) 1.2 mil - house - rental income would be about 3500 initially, with ridiculous business potential (currently unrealized/undeveloped)This isn't a planned sale, and being self-employed I've maxed write-offs and minimized income so my income probably won't cover the mortgages needed in the bank's eyes.
28 October 2022 | 7 replies
Second minimal grout lines, usually just at all the corners.