The HUD-1 Settlement Charges from the deal I closed on last week:
Tuesday, May 05
I closed this deal about a week ago. Its a single family home in Annandale Virginia. The purchase price was $213,000 (not including the finder’s fee I paid to the wholesaler at closing) the loan amount was $195,000.5 points: $9750Attorney fees: $1220Hazard insurance: $2352.44RE Taxes 6 mon: $2...
How to Wholesale... to me.
Tuesday, May 05
Wholesaling is a great way to start out in real estate. To get up and running in wholesaling you need at least one good go-to-buyer, hopefully more. You need a buyer who is serious and moves fast on good deals. This market won’t wait around for indecisive buyers. I’m one of those serious buye...
Some Private Lenders aren't Worth the Hassle
Tuesday, April 28
He who has the gold makes the rules, but some of these private lenders are getting ridiculous. Bow before them my brothers and sisters, they are the Aristocracy of real estate investing. They have cash to lend and question not their terms, timing, or commitment. Take it and like it. I had a d...
The Real Simple Secret to Finding Flips
Wednesday, April 15
Rehab and or flipping, whatever you want to call it sounds awesome. You see it on T.V. with people making quick easy money. The thing they don’t show on those programs is that the money is actually made when the property is bought. I mean you have to buy the property right or your project is d...
The Details on My Last Flip.
Saturday, April 04
I bought this house for $85,000. We closed on the home on February 4, 2009. I used a hard money lender so the total closing costs were around $10,000. I put about $40,000 into repairs. The repairs included: digging up the foundation, resealing it and installing better drainage, stripping out ...
So, You're Entitled? Would the Universe Agree?
Saturday, April 04
“A man said to the universe: Sir, I exist!”“However,” replied the universe, “The fact has not created in me a sense of obligation.” -Stephen Crane I went out this morning on a 5 mile run. On my way back into the neighborhood I looked at a home that I know to be in shortsale proceedings even t...