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5 February 2025 | 5 replies
If the credit screening costs $25, then you earn nothing.I believe there are exceptions for a higher fee, but you have to stick to the actual cost of the screening.I would talk to an attorney before charging more than $25 per applicant.
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30 January 2025 | 5 replies
Typlcally, a lender is going to lend 75% - 90% of the Cost of the project (property price plus rehab cost (scope of work)) or 70% - 75% of the ARV (As Repaired (as completed) Value).
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5 February 2025 | 8 replies
Quote from @Stepan Hedz: Selling fees (estimate), $30,000, and holding costs?
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3 January 2025 | 4 replies
Hello, looking to potentially use a hard money lender in NJ. Can anyone recommend some stand up lenders I can speak to? Also if any NJ agents that are familiar with using these and transitioning out of them can reach ...
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31 January 2025 | 7 replies
If it costs $100,000 to install an ADU and it rents for $1,000 a month, then it may be worth it.
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4 February 2025 | 2 replies
.- Put Upward pressure on real estate operating costs: Increased costs for raw materials and supplies, and the likely increased costs for labor involved in many real estate related CapEx and maintenance projects signal the risk of increase in costs for real estate operators.If there is no impact on near-term supply, a modest slowing of inbound (illegal) migration, more reason to believe that the cost of many goods and services will increase, and real reason to believe that inflation triggered by something other than an increase in the money supply (namely the cost of specific goods and services that are NOT housing going up, which comprise the CPI) will force the Fed to raise rates, this, on the whole, is not good for real estate investment returns.
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6 February 2025 | 6 replies
I BELIEVE this credit would be treated just like covering buyer’s closing costs.
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4 February 2025 | 10 replies
Repair costs would be $150k.
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2 February 2025 | 10 replies
But I'd like to see Lynnette's projects to support your claim "the portfolio was a 30% increase in cost to the consumers" since in TN, NC, VA, NC PPAs are priced at avoided costs.
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24 January 2025 | 21 replies
You might also look into learning about BRRRR (Buy, Rehab, Rent, Refinance, Repeat), a popular method for scaling a portfolio.Network Locally: Engaging with local investors and attending meetups in markets like Dallas or Fort Worth can provide insights and connections that are invaluable.You'll find that momentum grows quickly.