19 July 2024 | 4 replies
I'm currently looking into the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) and need some advice on structuring a deal for a house that's in foreclosure.Here's a brief overview of my situation:Property Value: According to Zillow, the house is worth $649,500.Current Loan Amount: $470,000, which is the current market value without any repairs.Funding: I'm looking for a hard money lender to cover 100% of the purchase cost and rehab cost.Tenants: I already have tenants in place.I'm working on getting the exact numbers for the rehab costs, but I would appreciate any advice on how to structure this deal effectively.
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20 July 2024 | 11 replies
VA appraiser also spotted damage to a retaining wall that was somewhat minor and my buyer would have been happy to fix on his own.
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19 July 2024 | 7 replies
This is at the appraiser discretion if she/he thinks the repairs needed effects the value in anyway or not.
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18 July 2024 | 0 replies
This transaction showcased our effective renovation strategy and project management skills, resulting in a substantial profit.
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20 July 2024 | 10 replies
It's about researching and networking effectively but most importantly, building relationships with local experts like property managers, contractors, and real estate agents.The BRRRR strategy can be profitable but it relies heavily on trustworthy partners.
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18 July 2024 | 0 replies
This transaction showcased our effective renovation strategy and project management skills, resulting in a substantial profit.
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20 July 2024 | 28 replies
AI developments are being referred to as more significant than the Industrial Revolution by very intelligent and established tech leaders.This IS going to change things drastically and probably much quicker than most realize.The question I have is this:AI will likely be the most extreme deflationary effect ever experienced by mankind.
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19 July 2024 | 6 replies
By assembling a strong team, including a property manager, maintenance professionals, and legal support, you can effectively manage your property remotely and focus on building equity and future investment opportunities.
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18 July 2024 | 9 replies
It sounds like you're saying it could effectively be offset by that.**= Again, confirm with your CPA what your specific bill would be.But, for rough math / estimation's sake, it sounds like a "probably" - is that a fair takeaway?
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18 July 2024 | 10 replies
Or can you convey that original acquisition of this right to collect the delinquent taxes, which you then effectively exchange for the Deed if the redemption period has not been executed - but kept the same holding period?