Owen Dashner
Question for Hard Money Lending Biz Owners
30 October 2020 | 16 replies
I had one gal that did nothing but split payments every month we usually had about 200 loans on the books at anyone time.In Oregon fractionalized loans are a security so you need the security docs.. which as stated is a whole nother level of pain.I liked the bank LOC the best although the PG is required.. so if thats a non starter for you.. check out if you can fractionalize the debt obligation.. and then have some very good language in your debt instruments about how you handle a foreclosure.. our bank LOCs as stated above were all 5 million and up.. we could go 75% ARV on our loans bank then would loan 80% of what we loaned..
Rowdy B.
FHA arsenic treatment - point of use or whole house?
14 October 2020 | 0 replies
If anyone could provide me a link to the FHA guidelines, I would certainly appreciate it.By the way, here's probably the best article I've found on the subject:https://www.mass.gov/info-details/arsenic-in-private-well-water-faqs#:~:text=Unless%20your%20arsenic%20level%20is,not%20evaporate%20into%20the%20air.One notable quote from it:"Unless your arsenic level is over 500 ppb, showering, bathing and other household uses are safe.
Daniel Consalvo
Property Management north of Worcester Massachusetts
17 October 2020 | 7 replies
If you delead, and maintain the standard, you will be in the clear.Here's the law (emphasis added by me):460.100: Duty of Owner(s) of Residential Premises (B) Whenever any residential premises containing dangerous levels of lead in paint, plaster or other accessible structural material undergoes a change of ownership and as a result a child younger than six years old will become or will continue to be a resident therein, the new owner shall have 90 days after becoming the owner to obtain a Letter of Full Compliance or a Letter of Interim Control, except that if a child younger than six years old who is lead poisoned resides therein, the owner shall not be eligible for interim control, unless the Director grants a waiver pursuant to 105 CMR 460.100(A)(3).
Jake Arnold
How/When do I purchase my second property?
16 October 2020 | 12 replies
What level of risk are you comfortable with?
Mitchell Behm
1st Property in City
21 October 2020 | 18 replies
Many times, investors don't start out being investors, they may start out being homeowners or homebuyers, and when they move to the next level or buy their next house, their old house becomes their new rental property.
Kyle Trotta
Pennsylvania newbie advice
15 October 2020 | 4 replies
Morning @Kyle Trotta I believe the city is a great location for investors of all experience levels and strategies.
Megan Deppe
WiFi tools for self managing STR’s from a distance
19 October 2020 | 14 replies
Minut multi sensor (but mainly for sound levels for us), zwave everything (door contacts, yale locks, thermostats, water leak sensors, temp/humidity sensors, garage door controllers, garage door tilt sensors (to see if the door is open/closed), security cameras covering all exterior entrances plus the driveway, zwave lights switches to remote control lights on exterior security floods and/or certain lights inside the property, some type of doorbell cam, zwave motion sensors, Samsung Smartthings hub, wifi smart plugs for certain devices inside...and the list goes on.
Joseph James
Property Management recommendation Miami / Sweetwater area?
21 October 2020 | 7 replies
Until recently, they were collecting rents in person, but they are no longer able to, due to advancing age and disability.Does anyone out there please have some candidate property management companies, that are reputable and honest, and would be willing to service this level/number of apartments?
Kelsey Mortimore
Invest Now or Wait For Potential Crash
28 July 2021 | 95 replies
I’d keep it simple and say that nobody really knows if and when the next crash will happen, especially looking at the local level.
James Conaway
Replacement valuation estimate for insurance
20 October 2020 | 6 replies
Simple answer is they just base it on per square feet and construction quality level.