Sanjiv Mehta
Construction loan for spec home - demo and rebuild in Bay Area
Looking for a construction loan for a spec homes in the Bay Area. This will be a complete demo and rebuild and looking for a 80% LTC. I am already speaking to Avid Bank and Fremont Bank. What other bank gives such con...
Charlie Huang
Looking to fund a home to tear down and re build
Hi , I am looking at purchasing a single family in nyc to tear down for reconstruction purpose, I am thinking to put down 20% Dow payment, rest for mortgage , but how do I fund the reconstruction, which I'm estimating...
Sheri Fierro
toilet replacement labor cost
If I buy the toilet, what should the cost to replace it. Normal toilet. 2 piece, usually put 2 was rings on it.I know a plumber is more expensive but this can be done by a handyman.I have 7 to replace in a commercial ...
Frank Ugboh
Non conforming Units
If someone is selling a 4 unit with 2 units non conforming (top and garden). They already have a tenant in one of the non conforming units. How much of a discount should I ask for or is having non conforming units som...
Derek Vaughn
Single Family zoned R-3, want to build 3 duplexes or 2 triplex
Good morning friends! Wondering if there is anyone in the Central Valley area of CA that is familiar with building duplexes or triplex. There is an old house for 159k in downtown Bakersfield (which would need to be sc...
Zachary Smith
Capital Gains After claiming a $250,000 Home Sale Tax Exemption
I have a client that bought a primary home for $100K in 1989 and the home is now worth $1 Mil. They have divorced in that time period and own the house solely now. They have put about $50K worth of improvements into...
Kunal Lakhwani
Picking insurance from 2 options for my first rental property
I received 2 quotes for a 1929 built SFR in Indianapolis IN. It is a 1100 sq ft 3 bed 1.5 bath with detached garage, backyard, and an unfinished basement.The difference in the premium for both options is significant, ...
Ohad Folman
Reasonable property insurance annual cost
Hi everyone,
I'm pretty new here. Recently bought two properties (single and a duplex) in Detroit MI. Looking to insure them (under my llc). I got a quote for $550/m for both. Seems high. It is up to $1m for each pr...
Graham Nash
This is what my $23K seller financed SFR looks like after rehab.
I just completed the rehab on a 3/1.5 SFR that I purchased through seller financing. purchase price $23K10% down, 12 payments- based on a 5% interest rate, and amortized over 20 years. A balloon at the end of the 12...
Andrew Lisi
Using IRA for Down Payment? Good idea?
We are looking to purchase our 1st investment property. As I'm learning more, I want it to be a 2-4 unit multifamily home that we would "house hack." We don't have enough savings for a down payment in Chicago (city pr...