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12 November 2018 | 6 replies
So I currently have $10k i can bring to the table.
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10 November 2018 | 3 replies
For example, if I sold 1/2 the balance of the note, the yield DOUBLES to ~20% on a 10% face rate note for the note buyer (unless of course I'm the note buyer, then it's okay :-)Pardon my french, but I will be a son of a b*tch before I pay a totally passive note investor that rate of return in this low interest rate enviroment.
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16 November 2018 | 66 replies
Partner w/ an experienced investor and bring something to the table.
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30 November 2018 | 4 replies
As for what I can bring to the table, I'm an environmental lawyer, so while the rules of ethics (yes, we have them!)
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11 November 2018 | 10 replies
Somewhere they have tables for expected/allowable utility costs you can consider when doing this calculation.Yes, this does mean there are scenarios whereby it is possible that you can be in a situation where you cannot verify ANY cash income at all or the income you are verifying may come from a flaky deadbeat former spouse who you cannot run further background checks against.
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27 August 2019 | 9 replies
Personally, I appreciate knowing all cardsare on the table.· Shannon and Phill are charismatic.
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16 November 2018 | 8 replies
After a $150 re-inspection fee, we will be bringing $9,500 to the table for a down payment and closing costs instead of closer to $18,000 for the 15% down payment and closing costs our lender would need for a conventional duplex loan.Upper unit will rent for $550 (2 bed, but one is very small) and lower will rent for $700 when we decide we aren’t interested in living there anymore.
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14 November 2018 | 3 replies
@David VanWert The challenge with a BRRR partnership ship is really timing... what I mean is that we’re o key using our money on the very first deal, The you execute BRRR and do it all over again with your initial cash that you just pulled back out.That said, for me to partner with someone at this point, they need to bring something to the table aside from cash, since the BRRR method provides for recirculating cash from deal to deal.
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14 November 2018 | 3 replies
I am still amazed at the amount of information that is out there and how helpful other investors have been.Know your skills that you can bring to the table, know your target market, how much capital you are working with and how much time you can spend on REI.
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14 November 2018 | 2 replies
They wanted me to pay off $14,000 of debt which i did but when I walked away from the closing table I paid a total of $12,746 in additional closing fees.14,000:Debt$12,746: Closing cost on new houseTotal cost: $26,977Netting me only $2,400 from both closes.I felt like putting my head through the wall as the information I was given from my loan officer was nothing close to what happened.