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13 February 2025 | 5 replies
.): ~$1600Savings available: ~15-20% of the purchase priceCash to close: ~$34kRehab estimate: ~$34kRemaining reserves: ~$20-25kTo fully fund the rehab, I’d need to come up with an additional ~$15k in the short term, which I anticipate paying back quickly once the rental portion is generating income.
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7 February 2025 | 0 replies
Additionally, the transition process itself could create uncertainty in the market, making long-term planning more difficult.Opportunities for Private Lenders & Alternative FinancingWhile some investors may face challenges, privatization could create opportunities for private lenders and non-bank financing options.
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14 February 2025 | 5 replies
I put 20% (54,000) and then an additional 7% of the loan amount ($15,000) since the bank only offered 93% loan of the purchase price.
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24 February 2025 | 3 replies
In addition, he answers all sorts of questions for me throughout the year and doesn’t charge us for that.I see many of my friends leaving way too many expenses on the table.
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23 February 2025 | 9 replies
You will likely need to rehab for any strategy but Co-Living will be more bedroom additions which is less cost compared to kitchen and bath remodels that are more needed for furnished rentals.
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7 February 2025 | 8 replies
Additionally you can always write in what was done to correct it and explain that since then you no longer had issues.
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30 January 2025 | 8 replies
I do have additional coverage for the sewer since I knew it may have issues before I bought the property.
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3 February 2025 | 1 reply
My goal is to grow this business by expanding my investor network and seeking properties that will allow for additional scalability.
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2 February 2025 | 4 replies
It is common for investors to bring in additional signers, often referred to as credit enhancement.
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3 February 2025 | 8 replies
Most of the time, an ADU will cost 100k just for that part and then you have to actually build the cosmetic part for an additional 40-50k.