
30 April 2019 | 54 replies
To me I count those things as probably more important than the actual deal itselfSo here are the numbers:Purchase price: 70KRenovation costs: 26K (I originally estimated 15K hahaha I wish)Closing costs: 2KAll in cost of 98K.Currently rented: 1200 per month.The bank appraisal with my local bank just came back at 134K and with a LTV of 75% I am eligible to refinance out 101K on the total deal.I am only refinancing 90K which will leave my all in costs at approx 8K on the deal.After PITI and reserves for maintenance, capex, vacancy, and management I will cash flow approx 200 a month with a 23% CoC return!

20 June 2018 | 11 replies
My policy is no more than two persons per bedroom (not counting children under two years old).
24 July 2019 | 7 replies
You can find the loan limits here, note that they go up with unit count.

21 June 2018 | 11 replies
Did you get a CO from the town that notes a bedroom count?

25 June 2018 | 40 replies
those are the ones with large post counts and small votes ..then you have the ones that have way more votes than posts and those I think are the pretty sharp folks When EF HUTTON talks folks listen.. to me there is no rhyme or reason..

27 June 2018 | 3 replies
Purchase closing costs seem a little low, did you count the bank fees for the loan?
21 June 2018 | 4 replies
If it still cash flows after taking those into count it's not a bad deal!
20 June 2018 | 2 replies
I can't count how many of these I've done in the last 25 years.

26 June 2018 | 12 replies
a number of them were issues I did not count for which tells me i did not evaluate it very well during the initial walk-throughs.