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20 February 2025 | 2 replies
assuming you use all cash - and setting aside closing and holding costs for now - you're in for 150K.
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19 February 2025 | 4 replies
The fees and overall costs of these loans needs to be a key factor including what if the project goes over time . . . . you can be underwater in no time.Underestimating repair costs and overestimating ARVs based on Zestimates are the next stumbling block.There's money to be made but make sure numbers all work WITH contingencies defined and overages expected . . . remember, a project will always cost more and take longer than initially thought!
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17 February 2025 | 10 replies
.: I would focus more on how good of a deal it was vs how little it cost.
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20 February 2025 | 2 replies
*Energy Efficiency – Given the hot climate, buyers in Phoenix look out for energy-efficient upgrades like new windows, insulation and solar panels.ABSOLVING COSTS & POTENTIAL PROFITSBefore you put down your money for a fix-and-flip, it’s important to run the numbers on all the costs, including:*Purchase Price — The amount of money paid to acquire the property.
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21 February 2025 | 9 replies
Your question asking for detailed loan estimates from multiple lenders at the preapproval stage with "exact cost to close" is very problematic.
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22 February 2025 | 1 reply
Needs new everything floors, kitchen, bathroom, paint, roof, landscaping and also has termites and a tentant that's not currently paying rent, for a 1000 sqft property they want 160,000 for it, but my comps say for a rehabed house in similar sqft property in that zip code would sell at 220,000k and I would say it needs atleast 65,000 to 75,000k in repairs so my offer price was at 100,000 to 110,000 and the buyer will not entertain my offerI would like to offer more but if there are any surprises I'd like to be prepared for those cost during the rehab process.
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20 February 2025 | 11 replies
•Not necessarily, but renters might hesitate if flood insurance is high and that cost is factored into rent.
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14 February 2025 | 161 replies
That's your cost.
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22 February 2025 | 6 replies
Is there a quick way to estimate what those other costs will be monthly to make sure my calculations are accurate?
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17 February 2025 | 0 replies
However, the cost-effectiveness of such a mandate is highly questionable, and the resources required for compliance may be better spent elsewhere.