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12 February 2025 | 106 replies
These are questions I would ask and as you noted, if it seems to good to be true.....I have not dove into this in detail, this is just what the "sniff test" questions I would ask - could be a great investment for people - I am just telling you what I would ask. question would be who is the lender with a proven track record as you note Chris that would be important to know is the fixed debt investments ( loans secured by RE) bringing in say 8 to 9% and the equity in the MF is making up the difference with rental returns.. so say rental returns are 6% and the Notes are at 7% that equals teh 13% ???
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10 January 2025 | 13 replies
Ironically some of the best deals come from properties that once failed a perc test and are considered unbuildable for that reason alone.
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18 January 2025 | 16 replies
Feel free to message me and I can send you my tried and tested list.
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8 January 2025 | 7 replies
.)- All in Cost = Cost to build * Square foot - Sales Price = All in Cost + (All in cost * 20%)* Covers contractor and soft cost on either fee based or cost+- Profit = (Sales price - (Sales Price * 7%))* - All in Cost accounts for agent fees and closing cost- Initial List Price = Sales price + 10% A buffer to test market absorption- Break Even being All in cost, point where everyone is paid except me. - List price is to test the market absorption at "x" price. 250k land + build.
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30 January 2025 | 47 replies
I just want to focus on what I do and whether I can legally employ one or another approach/strategy, to test its viability.
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7 January 2025 | 5 replies
Just starting out and testing waters for BRRR in Chicagoland area.Any advice or suggestions regarding this?
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5 February 2025 | 205 replies
All dirt delivered, and compaction tests completed.Next comes underground plumbing and slab pouring.
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10 January 2025 | 4 replies
In hindsight I probably should have gotten an additional HVAC-specific inspection and tested the measurements for the actual washer/dryer space.
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5 January 2025 | 2 replies
I don't have personal experience with it, but when the app was first developed, I contacted the developer and put the app through a fairly robust test usage to see if it's something I would want to recommend to my clients (I'm a CPA).I think the app is great for its intended purpose and I do recommend it to my clients now (and have for about 18 months now).
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31 December 2024 | 0 replies
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $145,000
Cash invested: $15,000
Sale price: $180,000
2017, I tackled my first fix-and-flip—a 2004 double-wide m...