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How much cashflow is the bare min for a deal to be worth it?
10 October 2007 | 51 replies
okay, here's an example:we're currently negotiating a house in the number one school district in the statein a premium townshipin a specific area with absolutely beautiful homes around iton a .35 acre nicely shaded flat lotwith a sunset right in the back yardthat is in need of minor repairsthat looks aweful to the untrained eye - and i mean badthat smells like catswith hardwood floors throughoutin need of a kitchen redo (cabinet refacing)needs minor upgrades to bathroomneeds quick finishing walls in basement, throw down some rugsneeds driveway pavingHOUSE was a rental, husband passed and wife wants to sell it.asking price: 299,000 - as is - it is probably priced about okay for the condition it is in.Price we're negotiating for - 265,000 (maximum)Projected repairs - 23,000 (we do the work - 1 month completion)Projected Closing Costs (X2) - 28,000Projected Holding Costs - 15,000 (6 months - 8% 30 yr term - just a regular PITI)ARV - 395,000Profit - 75,000the above numbers are extremely conservative.
David Stechmann
Listingbook.com
27 December 2013 | 3 replies
Why would an agent want to provide access to all of the MLS tools to someone who is completely untrained/inexperienced and perhaps wants to bypass them?
Rudy Brown
My first offer, help me analyze that deal!
7 July 2013 | 4 replies
My extremely untrained eye tells me that this property appears to be in okay condition but I won't know for sure until I have a walk through with a GC.
Young S.
found previous claims for a purchasing home
11 November 2011 | 5 replies
A home inspector can often identify potential problems that may not be visible to the untrained observer.Remember that homeowners insurance usually covers more than just the homesite.
Jeff B.
32 unit deal, but not seeing it
18 February 2012 | 13 replies
I think I've pretty much talked myself out of it simply because, even to my untrained eyes, there is just too much that needs to be done to this place for me and my limited funds.
Bryce Y.
4-plex under contract - some questions
4 February 2013 | 3 replies
It is in decent shape (better than I was expecting) and by my untrained eye nothing needs to be fixed immediately.
Michael Shadow
Pet fee for seeing eye dog
10 August 2022 | 15 replies
owners now also must be allowed to have their untrained pet in their apartment without fees.
Peter Mariano
Your home investments and the need for home inspection
17 December 2008 | 3 replies
However, such inspections will inform the seller on potential problems in their homes that are not very obvious or not easily detected by the untrained eye.
Nick Rutkowski
Estimate from Contractors
24 December 2018 | 33 replies
It's being built from scratch unlike residential remodeling when you're dealing with years of unqualified, untrained, do-it-yourselfers work that often has to be redone for safety or to satisfy newer codes.As a 40 year Contractor, I can tell you ALL remodeling estimating is a shot in the dark.