All Forum Posts by: Glenn Tucker

Curious what builders incentives are being offered these days? With sales down slightly and inventory up should builders be offering closing cost assistance or should this be negotiated in? I want my listings to be competitive with the market but I also don't want to give away money either. I feel like what I've been hearing is that buyers in the below 500k range are more interested in closing cost assistance then traditional upgrades (i.e. recessed lighting, tile backsplash, irrigation, etc...) If this is the case are builders padding the sales price with the intention of paying for the majority of closing?

Thanks for the input guys.  What about someone that is going to be a consultant and not doing a trade onsite (Interior designer, Septic Design).  Do I need a COI for them?

Thank you...

Building a spec home.  Who do you need to have W9's and Certificate of Insurance for?  I understand that all trades need to have these but what about the GC or company doing engineering work?  How do I know who I need to get these docs from?  Located in Virginia

Shane H. I am going to reach out through PM.  I would like to stay connected to you as you go through the process of acquiring an assisted living facility.  Thanks

No doubt I think it would be tough.  I also see an opportunity to make a small business that serves a need in our community.  Finding people in this field is very tough.

Looking for anyone with experience in the small 4-10 bed assisted living facility business.  This looks like an interesting investment model and I would like to look further into it.  I have only seen one name associated to this (Gene Guarino).  I would like other opinions if they are out there?  

Is it a private lender or conventional?  Do you have any idea what the rates are?  

Looking for advice on a situation I can't seem to settle on. I have been buying rental properties using the BRRRR model. I started out buying and rehabbing using all my own cash. Then I would wait the 6 months for seasoning (required by most banks) before I could do a cash out refi. After doing a few of these deals i was becoming inpatient with waiting 6 months for the seasoning period before I could pull my cash back out of the deal and move on to the next deal. On one of my last purchases after I rehabbed the property and found a renter (2 months time frame) I contacted my local bank and pulled a Line Of Credit using the property as collateral. I was able to close in about a month and now have a LOC to use to purchase another property. I now have another property that I was able to buy in cash that is ready for refinance. I don't know if I should wait 3 months and do a cash out refi or just add it to my existing LOC. If i add it to my LOC it would double the amount and I would still have closing costs for increasing the LOC. The thing I like about the LOC is that I can pull money back out of the deal quickly and if I am not using the LOC then I am cash flowing 100% on my properties tied to it. Please tell me what I am missing or not thinking through...

I would be interested in attending.  Could you please sign me up. Thanks Glenn