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13 January 2025 | 12 replies
I wouldnt want to sell unless I needed the funds for something else .But it doesnt hurt to ask them if they want to sell
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16 January 2025 | 11 replies
If leveraging equity feels too risky, you might consider using a portion of the equity to fund your next property while keeping reserves intact.
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3 February 2025 | 26 replies
Maybe get 0.5% but your rate is going to be a lot higher.
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7 February 2025 | 38 replies
Very unfortunate as continue to see people who are providing others with money and not understanding until its too late that their money was never secured and was gone the moment they wired those funds
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5 February 2025 | 1 reply
Purchase price: $125,000 Cash invested: $65,000 Sale price: $250,000 Wish I could have held onto it but needed the money to fund future deals What made you interested in investing in this type of deal?
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7 February 2025 | 0 replies
In 2025 the bonus depreciation rate is 40%.This means that if you bought a property for $1M in 2025, did a cost seg study and found $300K in eligible assets that you could depreciate, you could take 40% of that $300K as bonus depreciation to offset your income in the first year.40% of $300K = $120K.You then apply that $120K to the owner’s personal tax rate to find the final amount that they can defer in year 1.If your tax rate is 37%, you can defer $66.6K.This is a big deal even at the 40% bonus depreciation rate this year.
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27 January 2025 | 29 replies
With the idea you get your 6k back when fund deal/deals MLM all the way sell the futures and the deals that Cogo did pay me off on as you stated took forever to fund and the rates were even higher than mine :) Its just a very good Guru selling his stuff we all know they make the money selling the 6k how to become a lender. :)
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5 February 2025 | 5 replies
As a percentage closing cost as percentage goes down as value increases but we will 15X to account for closing costsNo cash flow per OP.2% market appreciation equated to 30% + 15% = 45% 3% market appreciation equates to 45% + 15% = 60%4% market appreciation equates to 60% + 15% = 75%Recognize in virtually all markets the cash flow increases with hold length especially if a fixed rate loan.
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13 January 2025 | 15 replies
Even first-time flippers should be able to get these terms: Application/Credit Report/Upfront Fee: $0Appraisal Cost: $0Down payment: 10% of purchase price (= 90% LTV)Rehab funding: 100%Interest payments: Paid only on amount drawn (non-Dutch)Prepayment Penalty: $0Reserve Requirement: $0Max Funding: 80% ARVMax Funding 95% LTCClosing time: Measured in days, not weeksI hope this helps.