Lenders will lend the lower of the amount between LTC and LTV.Do you require an appraisal and survey?

Welcome to the community and be ready for a huge amount of information at your finger tips.

"Sounds good to me"I know there's a little bit of playing around when it comes to not being able to pull out the whole amount depending on the agreement between you and the seller.

Hi Everyone,I have been doing the rent by the room model for over a year and I haven't quite gotten the knack for maximizing my time and reducing the amount of time that the rooms are vacant. 

I have found that the profit margins are very low in this model if the house is in a C/D neighborhood because you are limited to the amount of rent you can charge for each room.

Until this happens, the REI is on the negative side, and NCF just increases the amount of Cash needed to recover, and if the NCF continues, that recover will NEVER happen. 

Proof of claim reserves any rights you have; if you have a lease with the tenant your “claim’ is the amount of future rent owed on the lease.  

She cited examples of potential beam collapses and 1 million dollar is a reasonable amount of liability to carry.

I see too many investors now, put a significant amount of money in rehab costs and over leverage themselves on hard money loans with low down payments, their properties are not selling and they are lucky to just payoff their current hard money loan via a DSCR refinance. 

*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.