Jacob Lileev
How to wholesale rental properties?
22 July 2024 | 7 replies
From there you'll need to determine Debt Service (if it's a financed deal) and Capital Expenses, to then calculate Cash Flow.The Cash-on-Cash Return (CoCR) will just be Cash Flow divided by the All-In Investment (Purchase Price + Renovations + Closing Costs + Wholesale Fee).If you're wholesaling these deals, I recommend you aim to offer your buyers a Cash Flow of no less than $250/mo and a CoCR of 10% or higher.
Tony Zhang
What's the penalty for using VA or FHA loan for non primary residence?
20 July 2024 | 8 replies
Mortgage fraud laws are divided into two specific categories, which are:Fraud for housing, in which someone submits inaccurate information in order to be able to buy a home under more favorable termsFraud for profit, in which a real estate professional falsifies information so that they can get more money out of a transaction"most states also have their own laws in place.
Michael Wu
Challenges surrounding utilities management
19 July 2024 | 6 replies
If I divide this bill by four units, each tenant would pay $46.03.
Sarah DeMamiel
$400,000 To flip or to brrrr? Or both?
21 July 2024 | 64 replies
If you're talking about your parents retirement money, I would go the safest route possible and divide that money between a few different experienced operators syndications / funds.
Wyatt Nauman
Needing Guidance For First Property/House-Hack
18 July 2024 | 4 replies
Consider dividing investments between Colorado and Iowa, using low-down payment alternatives, and looking for properties that include ADUs or multifamily residences.
Daniel Bedell
How I Built An Amazing STR The SUPER HARD WAY!
18 July 2024 | 0 replies
Then I saw a listing for a home in a community clustered around a tiny lake that rested between the granite peaked Thorodin Mountain to its East and the Continental Divide to its West.
Greg Lovern
DSCR rent ratio and partially finished basements
16 July 2024 | 4 replies
Rates for DSCR on a purchase today with good FICO should be in the low 7s so just run Market Rent Divided by estimated PITI and if you're above 1.0 then you don't need to worry about the appraiser's opinion of that basement (my gut says appraisal gives no credit to projected rent out of the unfinished basement... but perhaps it doesn't matter?)
Yolanda Martinez
Need advice from house flippers. Steps for flipping
17 July 2024 | 18 replies
Here is my raw advice from my experience: - Divide up contractor payments into 4 (1st before project start, 2nd 1/3 of the way there, 3rd 2/3 of the way there, and 4th after project finishes).- Tell him if he can finish the project within the date, you will give him an extra $500 but if he does not finish then he won't get it. - Call every 2-3 days to get project updates - Pay for materials with your lowes pro business credit card over the phone - Ask contractor for itemized list of things that needed to be doneThe above will ensure your sucess.
Sylvia Castellanos
Lots that no longer have a market
15 July 2024 | 1 reply
Clearly at the time the land was divided and sold, it was considered acceptable to building houses on this size lots, even with septic.
Don Konipol
After 45 + Years in Real Estate - What Works and What Doesn’t
16 July 2024 | 41 replies
Hi Carlos.Property Management is divided into a couple of areas though people often refer to it as "property management".