J Zhang
Fannie Mae Condo mortgage rules
17 June 2024 | 6 replies
All of these describe a type of ownership, and not a building style.
Rakesh Battula
Potential Investment - Medical Office Building on LoopNet
13 June 2024 | 2 replies
It's a medical office building located in Prosper, TX and here's a breakdown of the key details:Property Details:Sale Type: Investment or Owner UserProperty Type: OfficeProperty Subtype: MedicalBuilding Size: 9,657 SFBuilding Class: BYear Built: 2023Percent Leased: 100% (Currently Fully Occupied)Tenancy: Multiple TenantsBuilding Height: 1 StoryLand Acres: 1.00 ACZoning: CommercialFinancials:Purchase Price: $676,000 + $81,000 Tenant Improvement (TI)Down Payment: 20%Commission: $22,000 (agent commission)Monthly Rent: $5,400 + NNN (exact expenses not specified)Vacancy (First 6 Months): Estimated expense of $27,600 (assuming rent starts after 6 months)Mortgage Payment Options:25 year term - $4,000/month15 year term - $4,600/monthLooking for Your Expertise:Does this fully leased medical office building present a good potential investment opportunity?
Fletcher Norseen
New Investor looking to connect
16 June 2024 | 3 replies
While I've helped countless clients buy and sell properties, I'm now eager to step into the role of investor and build my own real estate portfolioWhat I am looking for:A Partner!
Alyssa Pizano
Im New To Str
15 June 2024 | 8 replies
Hello~ I’m operating on the barrier island on the Space Coast of Florida and have found homes to buy, and I have a friend in Cocoa who has been buying condo units in the same building, so very much like apartments.
Aaron S.
ADUs in Howard, Anne Arundel, and Baltimore Counties (Maryland)
16 June 2024 | 3 replies
I've heard that Howard county allows building and renting out ADUs, but the permitting and becoming a landlord process can be a pain.Looks like Anne Arundel allows building ADUs and renting out short-term (but not long-term?)
Eric Lind
Mortgage Lender tells me to not pay full credit card balance?
17 June 2024 | 16 replies
No, that lender definitely gave you bad information.It is absolutely NOT necessary to leave a balance on your credit cards, if you are going to carry a balance make sure it stays at less than 30% of the limit.What builds your credit score is the monthly reporting of "Paid As Agreed" if you owe 0 and you pay 0 then you are paid as agreed.
Doreen Linder
Sarasota Area Short Term Rentals
16 June 2024 | 15 replies
To register, an owner must provide a completed application, proof of ownership, designation of a responsible party, a copy of the City of Bradenton’s business tax receipt, a current and active license as a TPLE, a current certificate of registration from the Department of Revenue, an exterior site sketch, an interior building sketch, a blank rental agreement, and any pre-existing rental agreements.
Joseph Crawford
Rookie investor seeking to learn the ropes
17 June 2024 | 11 replies
This rich area lets them buy buildings with many homes without paying upfront and at good loan rates while also using their VA loan perks.Good luck!
Matthew T.
Who owns the property in a owner financing deal?
16 June 2024 | 16 replies
Unlike traditional mortgages, however, tax and insurance payments generally are not rolled into monthly debt service, and the buyer must make them directly.At the end of the loan term, the buyer either makes the balloon payment or obtains a mortgage refinance and pays off the sellers with the proceeds of a new loan.
Reese Shulman
Unpermitted ADU surge
16 June 2024 | 3 replies
A Stanford study revealed that over 75% of the ADUs built in San Jose between 2016 and 2020 did not have a permit and are therefore illegal housing units.The lengthy permitting process, high construction costs, and shortage of tradespeople are some of the factors motivating property owners and contractors to take on the risk of building, renting to tenants, and/or housing family & friends in an illegal unit.