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12 December 2024 | 1 reply
I didn't realize that there is a problem that merits fixing?
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13 December 2024 | 4 replies
On another note why are all the comments on post out of order and how do it fix it?
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12 December 2024 | 7 replies
Just go through them, select the renovated/closely matching ones, and enter them into a model.Here's my fix & flip model, you can see the comps entered and some quick stats below them: Then I use that comp data to adjust the Sale Price in the model to what I estimate it will be (double check the resale $/sf is in-line with the comps), then adjust the purchase price until I hit my desired return level.
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12 December 2024 | 1 reply
Do they come through and try to justify their existence by pointing out small things for you to fix or is it pretty benign and they're just making sure you're not a slumlord?
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17 December 2024 | 12 replies
From there you mentioned STR, Multifamily and fix and flip.
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12 December 2024 | 3 replies
or in the 700's because most people think they have perfect credit.You also have to know occupancy type like primary, vacation, investment, how many units, LTV/CLTV, Term, Fixed or Variable, Prepay or No prepay, Loan size etc.
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12 December 2024 | 6 replies
First a little about me - I am a homeowner in the Beaverton, Oregon area and purchased a newer property in a new up-and-coming area back in 2019 at 2.5% 30 year fixed.
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18 December 2024 | 15 replies
This was done to protect senior citizens on fixed incomes from being forced to sell their homes due to unaffordable property tax increases.Since the passing of this amendment, all properties in Michigan have two property tax values associated with them:State Equalized Value (SEV): supposedly equal to 50% of the market value of a property, not based on recent sales price.Taxable Value: the SEV annually capped as long as there is not a transfer of ownership.City Assessors are charged with determining how much property values have changed each year.
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11 December 2024 | 1 reply
Purchase price: $76,000 Cash invested: $25,000 Bought a foreclosure to fix and rent.
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10 December 2024 | 12 replies
I've done a few fix and flips and have decided I want to focus on multifamily properties in Columbus.