Sean Doherty
Rhode Island septic issue purchasing a multi family
15 June 2018 | 6 replies
Conventional systems will typically cost less than $20,000, but if an Advantec or other specially designed system is needed costs can reach or exceed $30,000".See Cesspools and the Rhode Island Cesspool Act Frequently Asked Questions and The RI Cesspool Act Goes into Effect 1/1/16: What Buyers & Sellers Need to Know (from which the quote above was taken).You will want to check with your mortgage broker, however, with whether the bank will have a problem with a repair credit that large.
Bob H.
Tub in new home is backward, with inaccessible faucet and drain
19 June 2018 | 13 replies
Many of the problems are minor -- typical of a home just built -- but there are a few that seem important and hard to solve.
David S.
Odd scenario; Would you consider me as a tenant?
16 June 2018 | 19 replies
I would be willing to put 6 month’s worth of lease amount in escrow and pay the typical first, last, and deposit.
Israel Hernandez
Hurdles of being self-employed while trying to start in RE
18 June 2018 | 11 replies
Typically, the problem of getting financing comes from folks who are "self-employed" but have income coming from all sorts of irregular activity.
Anthonie B.
Best way to structure a partnership
15 June 2018 | 1 reply
Just make sure to draft an operating agreement.I typically see 50/50 deals when one partner brings the money and the other partner does the work.
Tyler Hockett
Buying and analyzing rentals
19 June 2018 | 8 replies
Starting out of state with limited funds typically isn't the best strategy, you might be better off learning in your current area and purchasing a house hack property, you will learn most of what you need along the way that way while having a place to live, in the worst case scenario.
Charles Moore
Lenders who count income from house hacking in DTI?
15 June 2018 | 1 reply
Typically, conventional lenders will not count rental income until you have two tax returns reflecting that income.
Dominique Papillion
Newbie Looking for advice
18 June 2018 | 11 replies
The next general meeting in July is a vendor showcase that (I think) won't have a central presentation, but the meetings typically get about 100 - 200 people per month and it's a good networking resource.
Justin R.
Lending on property held in trust
15 June 2018 | 4 replies
You're never going to get anywhere trying to make a legal argument to a mortgage underwriter, since they typically have zero legal training and will just give something the thumbs down if in doubt.
Gary Dezoysa
Realistic timeframe to get to $1,000/month starting with $5,000
25 June 2018 | 11 replies
That combination typically is for an extremely risky asset.