I am trying to understand the procedure for qualifying income ratios for Fannie mortgages. Investor or owner occupied.How do they count rental income from new purchase? I understand for existing rental properties the...
Hello, I found a conforming multifamily near where I live in south Florida, priced as a triplex. So at first I thought it was great. Only, I noticed that it was built in 1946 and it’s a wood home (not just wood frame)...
Food for thought. Thought I would share an article I came across.Will Inflation And Construction Costs Change the CRE Landscape? (matthews.com)WILL INFLATION AND CONSTRUCTION COSTS CHANGE THE CRE LANDSCAPE?
FEATURED ...
This is just an update to a previous thread. Here are the results on the first home completed and sold. The property referred to on the Golf Course has closed. Lot was actually bought for $39,145. The sales price was ...
Hi,I am analyzing a 24 unit apartment building with a purchase price of $1.1M. I have bids in to do about $300K of rehab on the property. I plan to get it done in the first 18 months. I have found a lender who will ro...
One of my Section 8 tenants in Oakland is no longer receiving the Section 8 subsidy. She was leased the unit with a Section 8 voucher. The rent is significantly under market (30% or more) and I would like to incre...
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $540,000
Cash invested: $108,000
Investing in South Texas offers additional benefits The price per square foo...
What is oaklands 'base year' for determining a 'fair return' under rent control? Can i use state mandated covid lockdowns as exemptions? Per https://www.ci.richmond.ca.us/DocumentCenter/View/61839/MNOI...Fair return d...
I was at work the other day talking to a friend when we were interrupted by someone my same age that exclaimed "Oh my god you have 3 mortgages". He then went on to tell me immediately about all those people that went ...
I am a builder investor out of the Houston area. We went out and pulled two appraisals, one by me and didn’t share in the beginning because I didn’t want my appraisal to be bias. The clients bank (buyer) went out and ...