
30 March 2024 | 3 replies
A few things to keep in mind when obtaining an FHA 203(k) loan:1) Improvements paid for with a 203(k) loan must generally be completed by a licensed contractor and are subject to approval by an FHA appraiser as well as oversight by the FHA-approved consultant if it’s the standard loan option.2) You must develop a remodeling plan, schedule, timeline and put it in phases.

30 March 2024 | 16 replies
The most dangerous kind of aluminum wire was mostly only used for residential wiring from ~’65-‘73 when copper was prohibitively expensive (Al alloys that are less dangerous were used with less frequency post-‘73, and Al is still a common material for transmission and distribution lines, and even some residential use like AC units or single branch circuits, but not very common in residential wiring).

30 March 2024 | 11 replies
It depends on the deal, but what we did was give the PMP (Private Money Partner) 50% equity in the property to fund the entire entry fee.Thats not necessarily a rule of thumb.This to me is a sliding scale based on the Cash on Cash return you can expect.Further , we offered our partner 75% of the cash flow until they are paid back in full, then the cash flow return drops down to 50%.All liabilities would also be split 50% with this partner.We called the company we use , who establishes our LLCs, opened an LLC, wrote up an operating agreement and a JV agreement that outlined all of our responsibilities for the asset.

29 March 2024 | 3 replies
Any feedback would be great:Purchase Price: $219,000, 90 days on the marketSurface area: 1900 sq ft1 unit renovated in the past year which includes new flooring: $800, other 2 units: $690 eachEach unit pays water/sewage, $50 internet feeCondition: roof is ~15 years old, will need replacedI was provided with an expense report for the 3rd quarter of 2023.

29 March 2024 | 5 replies
that FHA/VA said buyer agent still has be paid seller ?

29 March 2024 | 12 replies
They are paid on a percentage basis from both hosts and guests.

30 March 2024 | 16 replies
There are so many free and paid options available, so I would take some time to do some research and pick the one that fits your business best.

30 March 2024 | 9 replies
That is what you paid them for.

28 March 2024 | 6 replies
Hi Ryan,In terms of fees, there's likely an upfront cost for the appraisal and a title & escrow fees paid out of the cash out proceeds.

29 March 2024 | 2 replies
I own five acres of land that is paid off.