Sliding barn doors (upper right) are not just trendy. They are a great way to maximize space in relatively small rental units like these. Here, you can see how the sliding door prevents the bathroom door from blocking access between the kitchen and an adjacent bedroom.
SLIDING BARN DOOR ADDITION
Lender Larry doesn’t do“relationships.”
We’re all about them. We focus on building long-term relationships with our clients, so we can build your residential investment platform together. Our private mortgage company delivers speed and unmatched execution across Fix and Flip, SFR Rental, Multifamily and Correspondent Lending . SFR RENTAL AS LOW AS 5.35% / 6.344% APR* | FIX AND FLIP / BRIDGE AS LOW AS 7.99% / 10.779% APR*
Seymour had been planning on an extensive interior and exterior renovation, including installing a new deck (above) and cleaning up the landscaping. However, he discovered after making his purchase he would also have to reframe the entire building on all three floors, which he had not planned for in his initial budget. The city also required the investor to install a residential sprinkler system on all three floors, which added another $30,000 to the renovation costs. “I used to be a firefighter,” Seymour noted. “Investing is, in some ways, very similar. When you do a renovation, if you’re really invested in the project, you are the first one in and the last one out. You can’t do half measures, because something will always come up to surprise you.”
5 Arch Funding Corp./NMLS ID # 103918. Arizona Mortgage Broker License # 933148; Oregon Mortgage Lending License Number ML-5475. In California, loans are made under the California Real Estate Law, BRE Corporation License # 01928500. 10.779% APR is based on a $250,000 loan with a term of one year at an interest rate of 7.99% and an origination fee of 1.5%. 6.344% APR is based on a $250,000 loan with a term of three years at an interest rate of 5.35% and an origination fee of 1.5%. Terms may vary based on your particular situation. 5 Arch Funding Corp. makes first lien mortgage loans.
5arch.com/tr | 833.401.6547
16 | think realty magazine :: march 2018
thinkrealty . com | 17
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