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17 December 2024 | 22 replies
ABC Baltimore appraisal came at $102,000 (contingent on the basement flooring being fixed).
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11 December 2024 | 10 replies
Calling the appraiser to see what you can do to push it up a "C-Level" would be smart before doing any reno also, might only need a few things to make it far more valuable in the eyes of the bank.I've heard of a tactic for figuring out demand, which is to put up a dummy or coming soon listing on facebook marketplace and see the amount of activity you get on it.
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4 December 2024 | 25 replies
I did 2 fix flips last year.
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18 December 2024 | 29 replies
Research sold properties to see if the #s would make sense given your projected down payment amount.
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15 December 2024 | 8 replies
Often that software will speed things up like crazy for you...might give you the equity number so you're only going after properties with X amount of equity.
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17 December 2024 | 17 replies
I think there's a fair amount of play in the budget for what needs to be done.
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10 December 2024 | 5 replies
Quote from @Hector Espinosa: Hi,I'm negotiating a seller financing deal which may be my first one and would like to ask for some advise about and what are advantages and disadvantages about seller financing deals.These are the seller financing terms:House Price: $330,000.00 USD (Sellers still owe ~$301,000 USD)Down Payment: 5% = $16,500 USDLoan Amount: $313, 500 (Monthly payments will be amortized as a 30 years loan)Interest Rate: 4.531%Balloon Loan Term: 5 YearsMonthly Payment (P&I): $1,594.24Closing Costs: ~$3300 Zip Code: 74105Observations: * HVAC requires an update but pending to inspection (replacing with a new one will cost ~$10,000 - $15,000 USD ) * Expected Rent Income: $2,000- $2,300 but this is has been really complicated to get a good estimate because is all over the place in the different sites I have checked
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11 December 2024 | 3 replies
Most of our investments we look at IRR (time value of money) to determine which investment is a good fit for us at this time - which factors in returns, risk and time of investment - is it a short term investment we want to get appreciation play or long term fixed income investment.
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11 December 2024 | 5 replies
An estoppel certificate fixes this problem.
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10 December 2024 | 2 replies
I'm a first-time fix-and-flipper considering working with Investor's Edge.