Joanna Joy Seetoo
Seeking Market Forecast for Buying in Joshua Tree, CA area
15 May 2024 | 11 replies
If you're seeing soft sports in the market find the perfect property and negotiate hard on price.
Marcus Clouse
Does hardmoney lender ask for building permit for spec home before you own the land?
15 May 2024 | 10 replies
We usually like to see the land purchased and the permits in hand before we fund the construction phase, but the amount spent on the land and other soft costs go towards the down payment.
Alex Larcheveque
Newbie to New Construction
14 May 2024 | 7 replies
And the soft costs can easily pass 100K before your project even starts.
Douglas Gratz
What is the new construction process? Dig lot, pour concrete, etc
14 May 2024 | 201 replies
I think you will find it is not possible to act as your own GC for such a build in your town/county on a new construction project that you do not intend on living in.I also question your costs, as you have indicated that you plan to build a 5000ft2 house for $750k, including land, soft and hard costs.
Courtney Olson
Conventional loan with repairs questions for a Rental
13 May 2024 | 7 replies
As for an offer, start with your ARV and subtract out your renovation costs, financing costs, a reserve amount for contingencies, any profit margin if you plan on flipping it, closing costs for both the buy and sell sides, and soft costs for the permitting, etc.
Jay Mayer
First time Rent Increase after 2 yrs, $100 too much on $1100 rent
15 May 2024 | 15 replies
You are hurting other investors and values in your area being soft on them.
Johnathan Mark
Seller Financing: Multifamily Property (Texas)
11 May 2024 | 10 replies
So these platforms will be looking to teach people how to source deals, use their experience and soft ware etc.
Stuart Udis
14,000 SF Mix Use Value Add Acquisition - Mount Airy Neighborhood of Philadelphia
9 May 2024 | 2 replies
Construction Loan with at 80% LTC with $ 800,000 held back for construction and misc. soft costs.How did you add value to the deal?
Kai King
Any Guidance On Construction Loans In LA County
7 May 2024 | 3 replies
You may have to go creative rather than conventional, but depending on where it is and what you are doing, you may be looking at anywhere between 100K-300K in soft costs (permitting, design, architecture, utility hook ups, etc.) and a construction budget of probably 1 Mil to whatever, once again depending on what you are doing and where.