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23 December 2024 | 3 replies
Quote from @Marc Shin: Hello,For the financing of a BRRRR, are there lenders that are willing to include the costs of Airbnb set up (i.e. furnishings) in the initial hard money loan for a BRRR?
29 December 2024 | 13 replies
If all that happened I suggest you start including dryers with the properties.
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2 January 2025 | 13 replies
I feel I have a rough idea, which is..I'm in Rogers Park, my next important step is to wait out 1.5 years until I can fully rent out the condo, but for the meanwhile get a roommate to save more money.
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26 December 2024 | 2 replies
He suggested calling them to negotiate something, to your satisfaction, as you previously stated, including removing the panels.
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19 December 2024 | 25 replies
I feel like $6k is a lot if it's just the tax return.
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28 December 2024 | 6 replies
Hope things are going well.I feel we are at an inflection point in lending.
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26 December 2024 | 1 reply
Preparation is key, and relationships are everything.When closing a property deal, the funds typically required include a purchase deposit, which is refundable during the due diligence period, and an additional nonrefundable extension deposit.
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19 December 2024 | 6 replies
The biggest hurdle I have with convincing ppl to househack is they feel like they 'deserve' to live alone, they've put in the time with roommates in college, etc and they wanna feel 'grown-up'.
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26 December 2024 | 4 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.
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4 January 2025 | 25 replies
If done right most of these gains are tax-free- $40K in equity capture (profit) with $20K out of pocket and 13% cash on cash thereafter (300%+ returns)- $24K of equity capture with $32K out of pocket and 36% cash on cash returns thereafter (75%+ returns)- $41K of equity capture with $27K out of pocket and 12% cash on cash returns thereafter (150%+ returns)None of the above numbers include loan pay-down or appreciation.