Beau Wollens
First time fix and flip opportunity in Stamford Connecticut - Total Gut Renovation
29 January 2025 | 13 replies
After some research online, I am reading that the cost per square foot on a gut renovation of this nature in Stamford CT is anywhere from $150-$350, which is ultimately not very helpful, because at $150 per sq ft, this is a very appealing project with a total profit of ~$175K (46% ROI) and at $350 per sq ft, it very much isn't, because it would be a net loss of 83K (haha).QUESTIONS:What can I do refine my estimate a bit given that I am not allowed to a formal inspection on the property?
Parker Robertson
Rent to Retirement Academy Experience
25 January 2025 | 17 replies
I’m considering this one because it advertises help with tax structuring and LLC advice which is appealing to me.
Melissa Stanley
Starting with a Friend (LLC?)
28 January 2025 | 6 replies
It’s quite appealing as a long term investment - even at today’s rates.
Ryan S.
Advice on Specific Performance for Breach of Real Estate Contract
26 January 2025 | 43 replies
Assuming the contract is valid, enforceable, and the buyer can prove (s)he was ready, willing and able to close, a summary judgment might be awarded granting the request.While every litigant has a right to appeal an adverse judgment, not every request for the appeals court to hear the matter will be granted.
Paul Whitehurst
Just got my first multi family property! Now….?
27 January 2025 | 2 replies
Those that preach no/low down payments are mostly just trying to appeal to the masses who want everything for nothing that will buy their courses.
Tayvion Payton
Would You Pay an 18% Premium for Seller Financing at 2%?
19 January 2025 | 8 replies
On the surface, the deal seems appealing, but there's a catch: the asking price is $475,000, which is about 18% over the market value (based on comps and DealCheck estimates around $402,000).Details of the DealProperty: Duplex, 2,400 sq. ft., Purchase Price: $475,000 ($197.9/sq. ft.).Estimated Market Value: $402,000 ($168/sq. ft.).Financing Terms: 2% interest rate, with a 9-year balloon.Unit B Income: $2,049/month (Section 8 tenant through November 2025).Unit A Income Potential: Similar rent or higher; Section 8 cap for the area is $3,234/month.Monthly Loan Payment (P+I): $1,386.Cash Flow Breakdown (if both units are rented at $2,049/month):Gross Rent: $4,098/month.Vacancy (10%): $410/month.Operating Expenses (37.3%): $1,376/month.Net Cash Flow: $943/month.Key QuestionsWould you be comfortable paying an 18% premium for financing at 2%, especially in a market where current mortgage rates are closer to 7%?
Chris Pontello
Avoiding a short sale through creative financing
26 January 2025 | 6 replies
This has created a "shared driveway" with the neighbor making an ugly curb appeal, not to mention cutting their lot in half.
Johnny Lynum
Multifamily vs. Single-Family—What’s Your Take?
17 January 2025 | 20 replies
Single-family homes benefit from a larger buyer pool, appealing to families and owner-occupants, which makes them easier to sell.
Salvador Diaz
Top 6 tips for house hacking
10 January 2025 | 6 replies
Average person can't visualize how to fix it, but you can (create an extra bedroom for example)3.
Paul Whitney
1031 Cash Flow investor
29 January 2025 | 5 replies
A 7.5% cap rate is definitely appealing, especially in today’s market.