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I'm after a motel in need of fixing up. Selling for about 550k, 11 units that can be expanded to 14 units, 5400 sqft total on a prime downtown 1/4 acre C17 lot. With 70k in rehab could be a 800k motel, reserving rooms...
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I'm looking to get a HELOC on a non-owner occupied 4 unit investment property in Rhode Island. Does anyone know of any lenders that would do this?
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I'm curious to see how investors who are actively trying to buy/sell in this environment are faring. Is anyone aware of any lenders lending in this market? Are lenders hitting the pause button, tightening terms? Ar...
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I'm considering buying a 6-plex that's currently operating as a non-conforming use. It's currently zoned in a commercial zone that doesn't allow the multi-family rental usage, so if we need to pull permits for any con...
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What are the pros and cons between a 506(b) and 506(c) offering from a sponsor's perspective?Which rule do you typically choose for your offering and what are the reasons you choose this rule?Thanks!
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I had an Attorney set up a sale subject to the existing mortgage on a house I Mortgaged. The deal was set up under my corporate name with me signing as representative of the company. I donated my interest in the hou...
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Does anyone have experience in using RUBS (Ratio Utility Billing System) in Baltimore?How is it received by tenants (not well, I assume)? I have a property I'm under negotiations with whose rents are under market AND...
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Very disappointing news yesterday. The city planner changed his mind on my property. facts: The property has one 3/2 1179 Sq foot SFR on it now. Its zoned RD-14 which is a duplex property. I’m in planning stages to do...
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What's the difference between subject to and seller financing?Thanks,Ayana