They wanted $115k, and this house could have sold with basic landscaping as is for $150k (which I did tell them as I wanted to list it originally).

Originally posted by @Kevin Wade:@Russell Brazil .

Originally posted by @Kim Meredith Hampton:@Russell Brazil this really confuses me, after the conversation Friday with the Maryland RE commission, I was told that I do not need a Real Estate or Brokers License to manage property for owners.

There is no better way to ensure you purchase a home that the future rents can afford than buying a home with a loan that was originated in early 2020 - mid 2022! 

Originally posted by @Sheila Vardakis:There are so many options for Real Estate CRM's and many are not easy to use. 

Originally posted by @Arno Karssen: Hello everyone!

It As a Value-Add there is also an original detached carriage house that can become a permitted ADU.

If anything, we tend to have a higher success rate in closing deals close to our original ask because we don't have as many unknowns going into the deal.

Property ARV: $450kTotal in: $350kMonthly rent: $4000Monthly taxes & insurance: $530[Loan 1] (via broker)75% LTV1.5% origination fee ($5062)Other fees: $1595 underwriting + $1295 processing (=$2890)Interest rate (floating): 7.25%5 years PPPMonthly P&I: $2,278Rent - PITI = $1,192***If appraisal comes back high enough, may be possible to do 80% LTV at 7.99%[Loan 2] (direct lender)70% LTVNO origination feeOther fees: $1,395 underwriting + $695 processing (=$2090)Interest rate (will not change): 7.375% 5 years PPPMonthly P&I: $2,152Rent - PITI = $1318---------------------------I really like how there's no origination fee with lender #2 so I get to keep more of the money I pull out.

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