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20 June 2024 | 22 replies
I would also recommend doing a walkthrough video so your buyers can understand the layout and make you a soft offer before seeing it.There are many more things that would facilitate the sales process on the acquisition side, but since you are starting out, keep it simple and do not make an offer on-site since you said you are new and might not know how to run the numbers.
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19 June 2024 | 18 replies
A simple explanation is DSCR is to finance the property based on the income or projected income of the property and a HELOC is like a credit card that will be given to you base of the equity of the house you are putting as collateral. 2 diffrent products consulting with a good mortgage broker that will provide you the information depending on your needs.
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18 June 2024 | 3 replies
It isn't a simple "yes/no" response.
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20 June 2024 | 30 replies
It's called Home Simple.
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18 June 2024 | 5 replies
No one can predict how much they will go up, and this simple clause helps protect the buyer and gives them a reason to get out of the contract.
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17 June 2024 | 3 replies
Currently, I am planning to build single-family homes on those lots.Keep this business simple and focused on your niche.
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17 June 2024 | 8 replies
I think 50-150 units is no mans land and we stick to institutional level sized deals. his underwriting is too simple. the unit mixes are off we only build studios and 1 beds for fast absorption, the deal is also under parked without a parking study. anyone who uses "roughly" in their analysis isn't sophisticated enough. we underwrite rent growth, asset growth, and a million other assumptions this wouldn't pass any people I know who invest in deals. get with a More experienced operator and read more sophisticated underwriting. 400k per door new construction is crazy. how much is the land?
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17 June 2024 | 3 replies
The profile looks simple enough at the top and bottom that this should be doable without having to turn a new profile.
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17 June 2024 | 16 replies
At this point everything is on auto pilot and someone could buy the property from me and just collect the rents.So, as an example that I'm making up for simple math: If the property is worth $700,000 and it's been consistently bringing in $50,000/yr in net revenue, could I sell the property as a business for more than the property is worth (eg $850,000)?