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10 January 2025 | 7 replies
U can check out ivyridgeestatescanby dot com for my 90 home project in Oregon that I did with my oregon bank and then my website for pictures of homes we built in Charleston SC which is the only market I tagged HML ( lima one) and only one time the rest were done with Ameris bank or Service first bank that is local in the market. its all about the three C's Character Collateral and capacity..
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12 January 2025 | 8 replies
I would be happy to connect and take a pulse check of your calculator.
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20 January 2025 | 62 replies
And at this point I’m Thinking I just got scammed after checking this board about the fake reviews.
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19 January 2025 | 9 replies
It's a good reality check to be cautious and to do the proper due diligence, even with some early success.
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13 January 2025 | 4 replies
Great idea, but check your local regulations.
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14 January 2025 | 10 replies
I'm getting weekly check ins from investors looking for fixers.
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23 January 2025 | 24 replies
They usually spend one day going through the property checking everything for a couple of hours and move forward.
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15 January 2025 | 11 replies
It's worth checking with an attorney for your state.
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3 February 2025 | 47 replies
Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.
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14 January 2025 | 4 replies
Most aren't assumable, but some are, so worth a check.