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16 May 2024 | 4 replies
Then push for the full remodeling of the tile and all..
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15 May 2024 | 2 replies
There is the same weekly questions over and over - ah almost forgot the ohio crew (little gang of realtors from Ohio pushing their narrative - I'm sure some have success but I have heard just as many if not more horror stories from the area, especially out of state investors who invest in Ohio).
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15 May 2024 | 8 replies
If this real estate agent represented you, why was he/she sharing applicant info with other applicants?
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15 May 2024 | 5 replies
I would call it a wash and just sell it now.
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16 May 2024 | 14 replies
They may be able to finance you at a low down payment if you have experience, reserves, and FICO as long as the 65% of the value can support the entire purchase price I wasn't saying 0 down, but the concept of full return of capital. 15% land purchase cash. in columbus land is let's say 50k we build a triplex for 350k which is very close to 15%. small entitlements, reserves required, etc whatever lender asks for. multifamily sells for 200k per door in our market over 4 units, we are pushing the values up. first ones we are working on because of rezoning, etc but it's a full refinance on 6 month seasoning and do it again. that's the scenario that I was outlining. we do it in the urban core of Columbus where new construction trades at $325 a square foot or more for higher rents and higher equity. we could still put more units per parcel in columbus. these are all infill I hate Lehigh acres. overbuilt, no infrastructure, no commercial drivers or asset.
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15 May 2024 | 4 replies
If we crush the rehab I think we can even push closer to 200Cash-Out Refi Amount: $131k (75% LTV of the conservative 175k figure) Profit if done as a flip: 60k. (175k - 115k purchase price & rehab)Cash Invested: 18k (This accounts for $7,500 for down payment to lender, $2,000 in EMD to seller, lender fees, inspection, insurance, title, projected 3 months holding costs at $1000 per month)----------------------------------------------------------------------------If I do it as a flip, from what I understand, I'll be hit with a ridiculous tax bill (24% short term capital gains + 15% self-employment tax), leaving me with roughly $36k after-tax profit. 36 - my 18 invested leaves me with 18k increase to my net worth.
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15 May 2024 | 17 replies
Median prices are low to mid $400's, but in Lake Nona you are pushing $500.
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14 May 2024 | 10 replies
If they are stuck on a rate push the amortization out and do a balloon, otherwise I would work on getting the rate lower and the price they want as you will get mor principal paydown vs less with a longer amortization.
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15 May 2024 | 7 replies
Time adds clarity and keeps you off your therapist's couch.I also suggest to anyone in real estate to constantly be pushing the line of credit envelope with your lender.
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15 May 2024 | 7 replies
But I might consider pushing back on the utilities depending on what the lease says.