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21 February 2024 | 7 replies
Definitely not a 50-50 spit in expenses but only a 75-25 split until initial investment is regained.
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22 February 2024 | 14 replies
Wealth in real estate is built on appreciation over a long period of time (e.g many investors in Bay Area and LA) but on BP and social media, cash flow is constantly pushed in inexpensive locations which likely won't appreciate enough to make up for all the costs.
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21 February 2024 | 9 replies
While I can’t speak for what others are paying, I can tell you the cost to build new here is not inexpensive.
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22 February 2024 | 3 replies
Inexpensive land scaping is a good place to start - simply mulch the flower beds for example.
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23 February 2024 | 24 replies
If our investment timeframe is 7 years, it seems the risk is much less now as we're buying from the bottom.
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22 February 2024 | 12 replies
I'm not looking to sue people and get tied up in expensive litigation fees but is it something I should consider?
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20 February 2024 | 8 replies
This is how most hard money works now Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
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20 February 2024 | 2 replies
Had Insurance thru Mercury a Commercial account with 6 sfr properties and have been canceled because of safety issue . and was fixed but not in the time frame they wanted. and they canceled me completely.
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21 February 2024 | 7 replies
Include market statistics, building timeframes, rental revenue projections, and your overall property plan.Provide precise financial predictions, including expected rental income, operational expenditures, and cash flow.
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22 February 2024 | 43 replies
But I have to think the service providers who rely on transactional real estate deals for their income IE RE agents MLO PM the agents in Columbus OHIO :) etc this would be a very inexpensive form of advertising that they would pay an add on for.