Megan OConnor
Summer in Ludlow?
15 January 2025 | 6 replies
Use AirDNA to get a better feel for what may be projected and then dive into Airbnb and compare to your competitors.
Nick M.
Michigan Sales/lodging tax collection and payment
16 January 2025 | 7 replies
That is one of our next projects…
Jonathan S.
Excited college student looking to learn
13 January 2025 | 5 replies
I am a current college student and gained interest in real estate as I am working on a project focused on finding ways to expand opportunities for real estate investors.
Nate McCarthy
How to extract equity from turning basement into rental unit on paid-for house?
10 January 2025 | 2 replies
If you have cash on hand to fund the rehab and want to extract it soon after the project is done, you can use delayed financing.
Brian Rocha
Any experience with HMLs for the purchase only?
10 January 2025 | 21 replies
The answer is that if the lender that's doing the hard money loan is only funding the purchase and not the rehab, they then have less oversight of the project since they're not doing the draws, and thus not seeing the progress of the project and having control of the funds or draws from the rehab to make sure the project is progressing.
Malcolm Brown
Newbie to Real Estate Investing - Any Tips...
17 January 2025 | 12 replies
Lenders can have different loan options based on the property type and the amount of rehab (if any) required for the project.
John Williams
Private Money Lending Gone Bad
16 January 2025 | 15 replies
Whether you've lent money for an individual project, or you've invested in some sort of fund / group, I'd like to hear about your experience!
Jimmy Jeter
New construction, 75% done. About to run out of money
16 January 2025 | 10 replies
And i just wanna make sure we are prepared and can finish this project.
Luis Marin
Sell or Rent How do we identify what is best for us?
4 January 2025 | 5 replies
. ==== Projected Income ====**Off Season**-$4,000/Month Rent Period: September - May (7 Months) Projected Income: $28,000**Summer 1**-$8,000/Week Rent Period: June (4 Weeks)Projected Income: $32,000**Summer 2**-$8,500/WeekRent Period: July-September (12 Weeks) Projected Income: $102,000**Optional** (Basement Apartment)-$2,000/Month -Rent Period: Year Round Projected Income: $24,000TOTAL PROJECTED INCOME: $186,000 ==== Operating Cost ====-Mortgage: $84,000 ($7,000/Month) -Utilities: $36,200Gas $6,000 ($500/Month) Electricity $6,000 ($500/Month) Internet $2,400 ($200/Month) Garbage $5,000 (Estimate) Pool $4,000 ($250/Week)Landscaping: $4,000 -Mowing: $2,400 ($150/Week) -Clean Ups: $1,600 (Spring & Fall)-Weekly Turnovers: $8,800 ($550/Week)==== Legal Cost ====Summer Rental Fee: $20,100 (15% of $134K)Sandwich Rental Tax: $6,855 (15% of $45,700) NET PROFFIT: $38,845.00
Devin James
We Need Higher Density & Smaller Homes - Thoughts?
12 January 2025 | 54 replies
Here's a project we sold to Taylor Morrison that will have this new type of housing.