4 October 2021 | 55 replies
And I near to never hear it spoken of in open public forums like this yet, inside the world of Institutional/Professional REI it is the single most centric item we discuss, analyze, assess, quantify, weigh and measure.
10 September 2021 | 3 replies
David Greene covered the topic on one of the latest podcasts as well confirming that 6 months is a traditional answer for a lot of lenders, but isn't a hard and fast rule, therefore I need to continue to search.Your 75% comment is interesting because many of the HML websites I have been on are all marketing their products around a % of purchase price plus rehab, not starting at 75% of ARV which might (ideally will) cover the entire purchase price.
10 September 2021 | 1 reply
Commercial loan since we couldn't get a traditional mortgage on a condo What was the outcome?
17 September 2021 | 10 replies
The biggest mistakes are typically at purchase - over paying or missing large rehab items needed.
12 September 2021 | 5 replies
Though the previous tenants lived there for a long time and kept it up, it may cause issues if the new tenants ask you to fix items that may not be necessary.
18 January 2022 | 31 replies
My lender offers credits to offset any of the estimated items that come in higher than expected.
10 September 2021 | 6 replies
Are you not able to secure traditional financing?
21 September 2021 | 7 replies
I would take exception with one item in your description.
10 September 2021 | 5 replies
You can then compare that to the company you mentioned and pick the best fit for you.The primary item to watch for would be prohibited transactions.
9 September 2021 | 2 replies
My thought is to put together a database of big ticket items (roof, siding, water heater, appliances, etc) that I will update with prices every year or so.