Lilia Matlov
Multi-family Residential Renovation and Restoration
29 December 2024 | 0 replies
Purchase price: $2,800,000 Cash invested: $560,000 The property is a three-story multi-family residential building with six independent units, initially facing significant challenges due to poor conditions.Renovation Investment Summary:- **Structural Repairs:** $250,000- **Kitchen Modernization:** $100,000- **Bathroom Updates:** $50,000- **Exterior Improvements:** $100,000- **Holding Costs:** $50,000- **Property Taxes:** $30,000- **Insurance Costs:** $10,000- **Management Services:** $10,000
Briley Roe
Dscr investment rates high
2 January 2025 | 12 replies
You are likely overpaying by $5,000.Broker fee of $3,000 and Processing Fees of $2,000 seem out of place...but then again, i never used a broker to get a loan so I am not sure about that.If the broker was able to get you an interest rate or loan product that you wouldn't be able to find on the open market...its high, but likely fair.if you are getting a loan product that you could have gotten by going to a normal bank...seems high and unnecessary.
Sean Michael
Making Sense of San Diego Real Estate (Renting and Investing vs Buying)
5 January 2025 | 12 replies
This was a poorly timed purchase at full retail so it likely is worse than virtually every other San Diego RE investor’s monthly appreciation.
Patrick Braswell
Home Equity Loan vs. Refi on rental without existing mortgage?
18 January 2025 | 4 replies
The idea is the product of an ah-ha moment late Friday afternoon as I was scrambling to put the pieces of this puzzle back together.
Anthony Sigala
Is the 1% rule dead in Arizona?
18 January 2025 | 24 replies
My market has been a poor initial cash flow market forever.
Courtney Hamilton
fix and flip assessment
29 December 2024 | 2 replies
They have very professional products, usually for less than $10 and with instructions on how to use the product.
James Wise
Why do people Buy Property in California
15 January 2025 | 192 replies
The Los Angeles fires are likely to make a poor situation worse.
Steve K.
Anyone Else Fed Up With Loan Servicing Companies?
8 January 2025 | 33 replies
I have no mercy and no tolerance for poor ops when it comes to stuff like this.
Account Closed
Property managers allowed unsupervised showings, resulting in theft
17 January 2025 | 5 replies
You'll have to keep escalating this to get it resolved as the national PMC you hired is probably using poorly trained VAs who don't know/care/authorized to fix the problem.What do you mean about the, "undisclosed maintenance markup fees"?