Margaret Mays
is this a good deal for investors if i present this
anyone willing to go over a investment report with me to see if this is a good deal or not?Purchase Analysis & Returns PURCHASE Purchase Price: $ 120,000 Purchase Costs: + $ 3,750 Rehab Costs: + $ 10,000 Total Cas...
Nick Thornquist
Determining MAO in Cleveland
In Cleveland/OH, what is an efficient way to determine estimated rehab costs? I've heard a good BALLPARK is $40/sf for cosmetic, $50/sf medium rehab and $60/sf for full gut. Any similar methodology used in Cleveland a...
Ryan Grisamore
Best Hard Money Lender for 1st Time Investor - Kansas
I have been trying to find what hard money lender options I have being with this being my first time flipping (I live in Kansas). I've looked around and I have found a few options, but wanted to see what you guys hav...
Tami R.
2% "test" Rule
I understand that these formulas are very controversial but we buy a lot of houses that need a lot of work. Based on my understanding the 2% is just the monthly rent / purchase price.I assume when you analyze the prop...
Lamont B.
Securing funds for investment
Afternoon BP community,I'm really new so bare with me.... Since reading Ultimate Guide provided by BP, I've been thinking about how to finance my first investment. So far I've contemplated cash advances from credit c...
Robert Guilfoyle
HML Draws
So I contacted a couple HML's and one of them indicated that they require you to pay the rehab costs upfront, per a draw schedule and % of completion, they will inspect and approve and reimburse. Do all HML's have th...
Justin Goodin
Help me analyze this flip please! Already analyzed with BP Tool!
Looking to BRRRR. Seller claims $150,000-$170,000 in total rehab. I used $190,000 in total rehab costs to be conservative. Conservative monthly income of $1200 for rent. Used 12% HML. Please help me understand this b...
Rondi W.
Rehabbing a condemned building
I'm thinking of rehabbing a condemned residential house (concrete block on a slab) in a fairly decedent older neighborhood that last sold for $10k and is now in foreclosure. Homes in the area are estimated to be worth...
Ryan Woolridge
Needs help on estimating
What are some averages for the percentages it takes to buy and sell a house?
Just trying to make sure I'm not over/under estimating profit margins.
Any tips of estimating rehab costs?
Minhaj Choudhury
Inspecting a Property As an Out of State Investor
Hi-
If I’m a buy and hold out-of-state investor making offers on properties, at what point in the process does it make most sense to send a contractor or an inspector to inspect the house in order for me to determine...