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20 September 2024 | 3 replies
We closed a 2.5M purchase here in So Cal using 12 month business bank statements for a dispensary owner. 30 year fixed rate in the mid 7's.Alternatively, you can go the conventional route, but you cannot have ownership in a cannabis business, ie: a W-2'd worker, lower down payment.If you want to brainstorm, lets talk to see what may be your best options.Thanks
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16 September 2024 | 12 replies
Permits take 3 - 12 weeks outside of the historical districts.
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20 September 2024 | 2 replies
g=173096))Housing supply shortage: # new jobs per permit issued >1.5 (based on https://www.nar.realtor/research-and-statistics/housing-statistics/housing-shortage-tracker)Rent affordability <.33 (based on https://www.zillow.com/research/housing-supply-32743)Housing affordability <.40 (based on https://www.zillow.com/research/housing-supply-32743/)Based on these criteria I got 3 cities: Raleigh, NCCharleston, SCSan Antonio, TXI would love to know your thoughts on this methodology.
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19 September 2024 | 5 replies
The idea is a good one, but I don't think the property will cashflow due to being based off a singular nuclear site and workers/engineers from that site.
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20 September 2024 | 7 replies
Those areas will need service workers and duplexes are still in the $400k range.
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20 September 2024 | 11 replies
Hey Bruce, I wanted to point out one other potential option that hasn't been voiced, it works in Denver for me but check the rules in Littleton specifically with your permit.
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20 September 2024 | 22 replies
You should have $150k in mind though so you're prepared for worst case - and also to allow for soft costs (permit fees, etc.)$75-90k is typical for a garage conversion ADU in Sacramento.
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17 September 2024 | 8 replies
The family land deal would be slightly different, but the other deals may or could possibly look something like this:We have a local workers housing crisis and many want to get involved to help.
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20 September 2024 | 3 replies
How much cash have you already injected into the deal including soft costs like architectural fees, permitting, etc...that you can document.
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19 September 2024 | 14 replies
Not sure if you want to get their case worker involved.