All Forum Posts by: William Corcoran

I fully realize that some HML will have different terms. But what are the basics?

I would like to make an Excel calculator to analyze deals, and I want to add the ability to estimate HML. What are the terms/rates, etc., that ya'll see in the DFW area?

I know BP has all sorts of calculators, but I prefer to personalize my own tools.

TIA

Depending on where you are, you might consider subdividing the land and selling it. 

For instance, a quick look at Zillow has a few 5-6 acres lots selling at about 250K and the same area has a few lots selling around 80K. If you were able to split your 8 acres and sell 7 of them at 80K you're looking at about 560K. 

Obviously, this is just an idea and you would have to do your due diligence about what your specific land would be worth. And does not take into account surveying, utilities, etc.

Hey Grayson, 

Whereas it may not be wrong on the platform, you may be diving into the area of "unlicensed practice of real estate". I would be carful how you proceed with this endeavor. More info at the link below.

https://www.trec.texas.gov/what-are-penalties-unlicensed-bro...