All Forum Posts by: Douglas Gratz

Hello friends,

I am interested in learning how to fund a project if I can sell the house before it is even built.

I have 4 plots in what stye say is the 3rd best gentrified neighborhood in the country. Northern Liberties in Philadelphia. Comps show new construction being sold before they even break ground.

If I can accomplish this, how can I use it to fund the construction? Does closing happen after its built? If it is how can I leverage the AOS?

Hello friends,

I am interested in learning how to fund a project if I can sell the house before it is even built.

I have 4 plots in what stye say is the 3rd best gentrified neighborhood in the country. Northern Liberties in Philadelphia. Comps show new construction being sold before they even break ground.

If I can accomplish this, how can I use it to fund the construction? Does closing happen after its built? If it is how can I leverage the AOS?

Hello friends,

I am interested in learning how to fund a project if I can sell the house before it is even built.

I have 4 plots in what stye say is the 3rd best gentrified neighborhood in the country. Northern Liberties in Philadelphia. Comps show new construction being sold before they even break ground.

If I can accomplish this, how can I use it to fund the construction? Does closing happen after its built? If it is how can I leverage the AOS?

Good morning, so I’m doing my first development project and I’m putting the numbers together and was wondering with good credit and all things equal and good at what rate is the usual construction loan?

Hello friends,

I am putting together a real estate prospectus for a land development deal I want to put together.

As the main person running the fund, what fees and what % should I include in the prospectus for investors.

In a nutshell 6 plots of land 6 SFH homes being built

Hello friends,

To keep it short I am in need of a bridge loan for 2-3 months . My annual gross income is between 130-150k and I need 150k.

Does anyone have any contacts or ideas . I am from PA

Thanks.

Actually I’ll share my plans to make it fun to read. I want to buy some land in a very hot neighborhood . Probably the only land left. However my capital is all tied up :/. I am in the middle of a flip set to be sold within 2-3 months for $375k. So I need money to buy the land I want until that sale goes through

@Joe Villeneuve

I ask because I’m thinking of buy I house all cash. 55k to buy and $15k in repairs

Rent = $1,200

Monthly Expenses

Taxes- 190

Insurance- 100

10% for repairs -120

Sewer and Trash -45

1200-455= $745.00*12=$8,490

$8,490/$70,000 = 12% return

@Joe Villeneuve

I’m confused , you sent me a Back what I had written?

@Waleep Alvi

I already have 8 properties all mortgage, so with my profits I figure why not buy one with cash and Generate more cash flow from it

@Joe Villeneuve

With mortgage (mind you, it’s a shell so all is being redone and hoefully not much maintence first year)

After all is said and done I’ll be all in for 80k. The numbers below represent me getting a mortgage for the asking price and I will use 20k cash for the rest

Rent =$1350 section 8 guarantee

Monthly Expenses : (I’m leaving out 10% for repairs since things will be brand new) I also leave out 5% vacancy bc I have a good system where when someone’s outs some is in right away

1. $269 mortgage

2. $100 insurance

3. $280 taxes

4. $40 sewer

5. $30 travel

6. $40 (for bills associated with credit cards spread across all 12 of my units)

7. $15 exterminator (twice a year)

Total expenses ($774) (or $904 if I take 10% for repairs)

1350-774 =$576

Or 1350-904 =$446

I have another scenarios where I take mortgage for 40k and use cash for the rest and that give me an extra $100 in positive cash flow