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12 January 2025 | 10 replies
I think it depends on the appraiser.
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13 January 2025 | 13 replies
It will probably depend on your experience and connections with lenders.
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25 January 2025 | 155 replies
It was I believe 3k to sign up and then the cost to set up the LLCs for me was I believe $700, that partially depends on your state.
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31 December 2024 | 6 replies
It will likely be a web of contractors, engineers, and architects, but some those are ultimately leading to the developer.
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10 January 2025 | 5 replies
I have a couple STR investors do this here in the winter months depending on the events coming to town
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27 December 2024 | 9 replies
Here's a detailed guide on how to screen applicants: Application Screening Guide
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15 January 2025 | 24 replies
I think it depends on the individual and opportunity.
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17 January 2025 | 19 replies
I believe it depends on the lenders funding source.
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19 January 2025 | 9 replies
But ultimately the responsibility lies in my hands.I jumped on a seesaw of risk hoping that the momentum would catapult my bank account into six figures only to find out the hard way that flipping houses isn’t as easy as I had predicted.This house was purchased for $64,000 with an expected rehab of $100k to $120k depending on how much work the dilapidated and neglected house needed.The midwest is lovely but the houses carry the weight of weather storms nearly a century old leading to more damage than a beginning investor could expect.The appraisal came in at $225k for my lender meaning our all-in cost would be around 85% of the sales price worst case.
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14 January 2025 | 10 replies
I know conventional lending could become an issue depending on the condition of the property.