Devin James
Update - Everything Went Wrong
30 December 2024 | 5 replies
Quote from @Devin James: Quote from @Dominic Mazzarella: Quote from @Devin James: Everything went wrong with this investment: - Took 4 months longer than expected - Cost $10K more to build than we anticipated - Sold for $20K less than we anticipatedWe still profited with a 30% return on equityThis is why I love Real Estate InvestingWhen you do your diligence and stay conservative with your numbers, it takes something really bad to lose money.Here was the original post:My siblings and I are building a home in North Port, FL.Here are the numbers: - Finished Home Value: $412Kish - Land Cost: $19,750.39 - Construction & Permitting Costs: $304,897Additional costs: - Environmental Site Assessment - General Liability Insurance - Builders Risk Insurance - Construction FinancingWe will be listing the home this weekPhotos coming soon!!
Jon D.
Relocation / selling vs investment?
22 January 2025 | 12 replies
We prefer no debt (we are not from the US originally).
Ken M.
Creative Financing for 2025
2 January 2025 | 10 replies
They remain whatever the original borrower has.When you use typical financing from a lender, you have the lender's hoops to jump through and loan origination fees, the appraisal has to come in at a certain number, oftentimes an inspection or appraisal will kill a deal.
William Nast
Las Vegas Padshare
4 January 2025 | 0 replies
This is my first investment of this sort and it has not worked out how I originally intended but I am learning from my mistakes and will be making better decisions in the near future What made you interested in investing in this type of deal?
Laura S.
Advice for 1st time landlord evaluating applicant
6 January 2025 | 5 replies
We're trying to best screen the applicants and my original standard was 3x monthly income and credit scores of 650+.I recieved my first applicant which is a group of 3 (couple and their sister).
Michael Benanti
DealCheck app? Good or bad?
2 January 2025 | 32 replies
Originally posted by @Anton Ivanov:@Brandon SturgillSure, I'll send you a pm.
Quentin Hollis
How do I avoid triggering a due on sale clause with a subject to deal?
1 February 2025 | 14 replies
Use a payment processor to pay the original note and any wrap if there is a 2nd position secondary note that pays the seller the difference between their current mortgage and the total sale value.
Rene Hosman
WTF is a land swap?
16 January 2025 | 13 replies
Residents in flood-prone areas were offered newly built, elevated homes on safer ground in exchange for transferring the title of their damaged original homes to the city. 3.
Otis Clayton
How do closing agents fund private money deals?
15 January 2025 | 15 replies
In response to your original question, closing agents should handle private loans just like a bank loan.
Kay Kim
What’s your experience with Wagner Nolasco B2RDirect
2 February 2025 | 178 replies
The original closing date was in Oct 2022.