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11 December 2024 | 12 replies
Depends on really what you are looking for:-Speed - some HMLS can go "no appraisal" so can close very quickly and beat cash offers if you are in a competitive market to buy-Interest Rates - can range anywhere from around 8% to 13% (same with "points") but not usually as huge of a concern for flippers since the terms are so short-Leverage - depending on your risk appetite / capital - this is also a top concern for some (almost always over and above rates/fees) can see anywhere from around 80% LTC to even mid 90s LTC (including 100% of rehab budget)
10 December 2024 | 2 replies
The plumber’s report indicates that the leak may have been caused by an overflowing tub or sink upstairs, but the tenant in that bedroom denies any such incident.As a result, I now have substantial expenses for the plumber and restoration company, including drywall repairs, painting, texturing, and reinstalling electricals.
9 December 2024 | 1 reply
For probably $100 you can get many books, including J.
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10 December 2024 | 11 replies
If all else fails, 😀 ReSure's got extensive resources on all these subjects in our educational platform (which actually includes some plagiarizing from Michael!
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9 December 2024 | 9 replies
When I received the Construction Agreement they want me to sign, none of this is included.
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7 December 2024 | 6 replies
This could include keeping track of the construction holdback.
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10 December 2024 | 100 replies
It would not be a terribly profitable industry, and a few large players (hopefully including my NewCo) would dominate the space.
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9 December 2024 | 2 replies
Use a promissory note drafted by an attorney to outline loan terms, including an interest rate that aligns with IRS Applicable Federal Rates to avoid gift tax issues.
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9 December 2024 | 16 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.
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16 December 2024 | 35 replies
This did formulate a table of income and expenses and I had the option to include receipts I uploaded for those income and expense transactions.