21 October 2024 | 1 reply
There's so many costs outside the down payment.This is what I am tracking on fix n flips right now in terms of capital requirements needed for the lifecycle.Project costs (rehab + purchase) of 120k - 150k investors needs to be 25k - 30k liquid to get through a 5 - 6 month lifecycle.
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17 October 2024 | 15 replies
Kevin Bupp with Sunrise Capital
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18 October 2024 | 1 reply
Partner Driven used a mix of partner capital and strategic financing to acquire the property for $60,000.
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18 October 2024 | 1 reply
Time to scale faster and keep that capital in motion!
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17 October 2024 | 12 replies
I feel a bit stuck in this scenario, and I could use some advice.I'm raising some money from private investors and wanted to run some options by more experienced posters, because I'm a bit unclear as to what the best way is to structure my deals with private investors, or if there are better options that I'm not considering.Here are some rough numbers to capture a deal that is on my radar:Loan amount from investor: $110kYearly Interest Paid to Investor: 7%Monthly Rent from Property: $1300Monthly Interest-Only Payment to Investor: $642Monthly Property Taxes: $71Monthly Insurance Payment: $71Property Management fees: $104Net Cashflow: $412Now, this is not a bad outcome, and I am fine with it, but I am wondering what someone else might do differently if you were in my position - Should I charge an upfront fee to my investor (maybe $5k or so for this deal and also keep the cashflow as my monthly management fee), or would you instead use the $110k from the investor to BRRRR a bunch of deals, or would you try to just use the capital for one deal at a time?
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18 October 2024 | 6 replies
Companies like RCN Capital offer specialized financing for fix and flip projects.### Renovation PlanningDevelop a detailed renovation plan to maximize the property's value.
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17 October 2024 | 0 replies
I’m Gregory, a private money broker at Over the Net Capital.
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18 October 2024 | 2 replies
Request a detailed list of documents and information from the seller, including financials, leases, contracts, capital expenditures, surveys, environmental reports, open permits, and the Certificate of Operations.2.Physical Property Due Diligence.
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17 October 2024 | 5 replies
If you do not have the experience you need the credit, the right deal, and the capital cause chances of you getting max terms on deal 1 are small.I try to explain this to people all the time, it's not just you the borrower, it is the deal too.
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17 October 2024 | 8 replies
They promote a low capital entry investment and 100% financing where you can buy a building in a larger community.