Joshua Nuss
New Invester - Reading for a couple of years, ready to take the next step
14 June 2024 | 10 replies
So the implied proposition is, "Buy this run-down house... pay ALL the closing costs (often both sides of the transaction) to buy it, invest a significant amount of money, sweat and tears to bring it up to market condition, then sell it while covering your typical closing costs as well, and your spread to do this is max $50,000 according to their ARV.
Gabriella Nataldie
Looking to Gain House Flipping Experience!
11 June 2024 | 4 replies
Those are good hacks to get better options than what you might get here, looking in a particular area.You have the right idea though, you want to give some sweat equity first or gopher skills.
Cyndi Lees
Newbie in Santa Barbara
12 June 2024 | 18 replies
I will say that these IRRs do not take my and my wife's time and sweat into account.
Cody Rohland
Fix & Flip - 41 Wampatuck St., Pembroke, MA
12 June 2024 | 0 replies
There was a space in the basement we debated making into a legal 3rd bedroom (this was only 2 beds which did make us sweat some), but ultimately decided that the juice wasn't worth the squeeze.
Tripp Wylie
Private lender equity structure for flipping
11 June 2024 | 7 replies
How much sweat equity are you putting in from your side ?
Aaron Sweat
Hard Money and Collateral
9 June 2024 | 5 replies
Quote from @Aaron Sweat: Is it feasible to obtain a loan or a good old boy agreement where a lender offers 100% financing for both the purchase price and construction costs at hard money rates, secured by a second position on the borrower's other properties?
Elijah Skinner
Best state for house hacking if you could move anywhere?
11 June 2024 | 30 replies
I've earned about 150k in sweat equity alone, and had no problem increasing the rents on both of the properties I bought.
Andrew Grimmett
Need help with Contractors
10 June 2024 | 13 replies
Plus your sweat equity, you should be able to save some to get yourself started.
Bryson Williams
Fixing up the property
8 June 2024 | 6 replies
Nothing wrong with putting in the sweat equity, it will make you a better investor and appreciate those that possess skills you do not have.
Jonathan Quesadilla
House hacking with 3.5% down or 20% down.
10 June 2024 | 22 replies
In my market a net $0 or positive cash flow is a unicorn unless you put in serious sweat equity.