All Forum Posts by: Joshua Toste

 Fyi Nick the home is worth around 220k

Thank you for the insight Sam, interesting statistic as well!

Currently in the process of my first flip on a 2500sf 3bed 2bath detached home, and am contemplating the importance of hiring a staging company to come in and fix the "vacancy'ness" of the property. Will I see a ROI worth while of this service, thoughts?

 I intend on selling the property through a broker specifically specializing in selling multi unit properties; Thank you for the insight as well! 

In said example, if you're able to purchase a quadplex in upstate New York, that was under valued and under preforming; Then proceeded to substantially increase its ARV along with its monthly revenue. How long on average do you guys think such a property would remain on the market before being purchased by an investor?

Imaginary Property Details 

Property Value ($600,000)

Monthly Revenue ($5000)

But isn't it rather unlikely that they'll base the LTV against the ARV considering that this is my first project? I was always under the assumption that lenders typically only do so with clients whom have a comparable track record in previous projects.

Hello everyone, my question is quite straight forward, if i'm estimating the potential property value to be around $250,000; How much of a deposit should I anticipate my HML require from me? This may be my first project, so i'm anticipating it to be some where in ball park of 25-30%, thoughts?

The research that I've done regarding this subject has not surprisingly widely varied from lending institution to lending institution and based on the complexity from the loan it self. But on average how much should I anticipate being charge in traditional HML fees such as credit checks etc... On a rather simply $200,000 "fix and flip" project?

Thank you for the insight Caleb, I was already under the assumption that most lenders wouldn't allow those expenses to be included into the amount lent; I appreciate your response to my uneducated self, only by reading, asking and actually doing will I learn this industry. 

All The Best

Hello everyone, I'm calculating that total dollar figure needed to execute a "Fix and Flip" project, and was wondering if some of the property purchasing costs such as, Title insurance, Land Transfer fee, etc. Could be Incorporated into the amount financed through a hard money Lender; Or must these expenses be covered out of pocket?