All Forum Posts by: Monet Calvit

Question: what kind of financing is available if I wanted to put a mortgage on a property that I purchased under my LLC?

Looking for advice please.

Hi- so two people have asked my fiance and I to manage their properties. We absolutely want to pursue this. Can u give us some input into what we should be charging? So far we have the 1st months rent, and 8% of the monthly rent per month. However we are not sure what services this fee should cover. Do we provide a fee schedule for service? And what additional fees should we be considering, in addition to what we're charging? Any input is welcomed.

Stacey, thanks for sharing. I will be on vacation the day of the event but can you please keep me posted on any future events? Thanks

Thanks Matt I could use the help. The house has 3 bedrooms and 1 bath. My aunt knows I'm interested in the property and is willing to sell to me. I'm waiting to hear back from her to see what she would be willibg to sell it for, but i wanted my numbers solid so I'll email you to see if we can work on that. 

Hey Diane, thanks for your help. Yes I am planning to go there in a few weeks. Im on a work trip until next week and then vacation. I will go up there the Saturday I return. If you are available, I would love the help of an experienced person. Let me know.

Matt, Justin, and Rick, 

I have a tiny bit of experience rehabbing. I've done the house I'm currently living in. I wanted to get feedback from locals who are familiar with the area so I appreciate you guys reaching out. 

The zip code is 19131 and the street is North Hobart Street. 972 sq ft. 

$60,000 for a rehab is very pricey. 

Thank you so much for your help. 

Hello BP members. I need help. I found out today that the house my grandfather left to my aunt when he passed away is still on the market in PA. My aunt has the house priced at $48k and is selling it "as is".  It needs a total rehab. There's currently a tenant in the house that has been there for a really long time paying only $500 in rent per month. My aunt is ready to be done with the property so I thought this would be a great first time investment opportunity for me. Just doing a brief look online, similar houses in that neighborhood are selling for $25-$30k and rehabed houses are on the market for approx. $99,500 to $116,000. The rental rate is between $700 and $900 per month so the curret tenant couldn't stay there paying that amount. I would like to jump on this but I'm really stuck with the calculation part. 

My questions are:

1. Do you think this is a good deal? (Please walk me thru why for either yes or no answers.)

2. If yes, do you recommend I flip or buy and hold? If not, how could I make this a good deal?

3. What equation should I use to determine my ROI for either flipping or buy and hold?

I'll take any insight anyone is willing to offer. 

Thanks

Thank you

Thank you Brandon.