All Forum Posts by: Courtney M.

@David Emanuel @Yocheved Beer

I have a deal with this title company. Were you able to get title insurance? How did the transactions go?

@Bryan S. I spoke with https://www.caskconstruction.c... Who I spoke with was very knowledgeable, and if I were to go through with it, I would use them. I did find out that the adu has to be less than 40% of the total square footage of the main house. So for me, I don't think it is worth it for the project I was looking at. 

Does anyone have any experience building an accessory dwelling unit in or around Saint Petersburg or the surrounding area? 

@Michael Stowers Nice!! If your numbers work I would be happy with it. Tampa's market is on fire!!

What kind of rent do you think you are going to get? I don't see how this could cash flow

@Marty Johnston I am looking for anything I can get at this point within reason of course. The property is liveable but needs to updated out of the 70's. I have emailed you my rehab budget and some other things of interest.

Purchase price is 750k as is condition it is worth 800+ ARV 1,100,000

My contract is 1/31/2021 I have asked the seller for a 15 day extension but he has not signed it yet. 

Minimum LTV 70%

I have a 5-unit apartment under contract. I thought my lending was squared away, but my brand-new broker ordered a residential appraisal instead of a commercial appraisal. Now I am trying to find a commercial bridge lender with very little time left on my contract.

I have discovered that not many lenders will lend on apartments under 500 square feet, and 3 of the apartments in this complex are under 500 square feet.

Does anyone have a referral to a rock star in this lending space?

Are there comps supporting a 2/1 3000/month? 

@Dave Spooner & @Ivan Terrero Thank you so much for your feedback!! I think Florida will be where I am going to focus! 

@Terry Lao I have been looking at all the 4plex at Vegas and almost jumped at a couple. The best cashing flowing one seems to be in TERRIBLE areas unless I am missing something... I am also a little concerned with the market in general and want to see what the next 6 months hold.