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13 January 2025 | 6 replies
You can usually get a lender to go 85% of cost or 70% of the As Completed Value for such a project.
14 January 2025 | 7 replies
Now a-lot of times you buy a home from someone with seller financing and they hold the note for 6 months to season it and then sell the note to another investor or a firm and then it will most likely show up on your credit because these are more sophisticated investors.In regards to the benefits of owner financing you won't have to pay closing costs to a bank.
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12 January 2025 | 3 replies
All strategies can be lucrative and all can be costly.
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3 January 2025 | 42 replies
BAM Capital is excellent in identifying opportunities with a high "yield on cost" which reflect their experience to operate Class-A properties at much lower costs.
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14 January 2025 | 37 replies
If the market value mentioned above is accurate and the “initial” loan balance hasn’t increased by rehab funding, I wrote above that the proceeds are just a couple million after closing costs and commissions.
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10 January 2025 | 22 replies
His course will cost you 5k plus the downpayment of say $2500 on a property that likely needs work before it's ready for inspection.
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13 January 2025 | 18 replies
Of course it isn't going to work for everyone...then again, I also have many friends with degree's that cost them 6 digits that cannot get a job in their field!
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9 January 2025 | 8 replies
Assuming your property is in Utah (like your profile indicates), here's the state law from a basic internet search:In Utah, a tenant who abandons a rental property without notice is liable for the lesser of the following: The rent remaining on the leaseThe rent plus the difference between the fair rental value and the agreed-upon rentThe cost to restore the property to its original conditionThe landlord can also remove the tenant's belongings and sell them if the tenant doesn't claim them within a reasonable time.
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23 December 2024 | 13 replies
Pros include securing the desired property and strategic planning, while cons involve higher costs, financing challenges, and complexity.
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11 January 2025 | 9 replies
Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.