Michael Junior
Is the deal worth it??? NEED TO LOCK IN TODAY IF SO
6 June 2023 | 5 replies
This will be my first flip in CA, need to run through the motions on a somewhat easier deal as far as reno goes to get the ball running.Numbers as follows : PP: $438,000Loan amt (25% down )- $328,500 points (1.5% )- $4,927interest (10.5 % plan on holding for 4 months )- $11,497Commish on sale ( im an agent will list myself so only accounting for buyers agent 2.5% )- $13,895Closing costs ( 1.5% of total purchase and sale )- $15,000Holding cost ( hoa, misc )- $1,000Reno cost: $38,000 - 3 windows $2,000basic kitchen rehab- $10,000flooring ( luxury Vinyl flooring )- $5,000gutters ( one run ) and minor fascia repair- $2,000Exterior landscape clean up- $5,000 2 bathrooms- $10,000Paint- $3,000Misc- $1,000- Dumpsters Private money fee: $5,000ARV: $555,000 - Conservative the last two comps sold at $570,000 and $580,000 both moderate condition.
Julian Hall
I BOUGHT A HOUSE IN DETROIT!!!!!!
19 October 2016 | 12 replies
Is it better to have motion sensor lights or lights that are on 24/7 ?
Luis Blejer
Occupant won't let appraisal, then I can't get hard money.
24 May 2017 | 8 replies
How likely is get out of the deal by filing a motion to vacate the sale?
Account Closed
Leases transfers with the sale of a rental property..right?!
12 July 2017 | 13 replies
I don't think most tenants are that smart to bring up that motion in court.. but yes you can sell a rental property and continue to own the lease agreement.
Joshua A.
Looking to change my life.
5 October 2017 | 27 replies
I am already setting plans in motion to relieve all of this debt and I may have to stay with this job longer than I care to.
Tony Castronovo
What to look for when touring a multi-family apt complex
12 November 2017 | 20 replies
Switches are in bad locations, motion detectors don't work because the stairs block the view, light sensors outside tend to get dirty or burn out, etc.
Kevin Boyd
STR as Wedding Venue
9 December 2017 | 5 replies
AND - of course it's not just weddings that can be held there, but other events like fundraisers and corporate parties, etc.Once you've put these things into motion, you can decide if you want to try and up your revenue by requiring guests to use preferred vendors, etc.
Kevin Lefeuvre
Wifi Cameras to help enforcing House rules
2 May 2018 | 15 replies
.- Not willing to add yet a recurring cost-----------------With the above I went with Wyzecam, a recent startup building cute little cameras, wifi connected, 1080, night vision, extremely clear pictures, real-time stream, motion detecting with sensitivity adjustment, sound detection, 24-hour sliding recordings, all for $20 with no subscription needed.
Stephen N.
What's the best way to secure a property while you are rehabbing?
5 April 2009 | 2 replies
Then I called the police and complained about the jackoffs.Then I installed motion-sensing recording cameras both inside and outside and told the jackoffs I would have them arrested if they set foot on the property.Result: Jackoffs moved shortly.
C J
Recommended reading?
26 August 2009 | 4 replies
The club is the 'fact' stuff... like paperwork, numbers, business plans etc... the swing is how he puts all that inside stuff into motion to make that ball fly...