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4 April 2024 | 21 replies
Slap a Filipino VA on these leads and I wouldn't even need to open my email.Yes I am trying for you to feel that urge of "Dang it I need that too"Feel it.
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4 April 2024 | 28 replies
I'm currently looking at new construction in one area but dang it's pricey.
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2 April 2024 | 2 replies
Do you get to see the invoices?
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2 April 2024 | 10 replies
get estimates for having it done, and map out what you'll save (as the owner) not having to pay the utilities per year, and measure your COCR. let's say it would cost 10k to have the utilities all split (i have NO idea what it would really cost), and you'd save $450/mo not having to pay utilities (a somewhat reasonable estimate for a duplex with water/sewer, electric, gas).. that would be a 54% cash-on-cash return, making that investment up front. when many investors are looking for an 8-12% COCR, 54% sounds pretty dang good. it will also make the property more appealing for a future buyer if the utilities are separate.
2 April 2024 | 24 replies
So you send them the invoices and maybe pictures and the like and they will release more funds for the rehab.
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1 April 2024 | 39 replies
I think it's fine to risk a small portion of your net worth on a gamble, but everything else means betting the farm.Speaking of farm, here are 50 acres in Hilsboro for $3M https://www.zillow.com/homedetails/NW-West-Union-Rd-Hillsbor...Dang, maybe if I..?
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30 March 2024 | 12 replies
Easy to eliminate "double dipping", all partners get to review the invoices whenever subcontractors are hired.
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1 April 2024 | 67 replies
In order to access the money, the developer will have to prove that the project is fully funded, present invoices from his suppliers and/or provide evidence of construction milestones being reached.
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30 March 2024 | 16 replies
I do long-term rentals, so I have recurring invoicing setup through Quickbooks which can also handle my accounting.
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3 April 2024 | 83 replies
The contract price was $339k less the concessions.The other difficulty for this deal was that the purchase price was well under 1/2 the exit price as the rehab was extreme, therefore, the lenders all had their red flags waiving high on this deal.I met the appraiser and provided (on the day of appraisal, not before) the following information: Comps I pulled with photos and descriptions of each, list of repairs with costs and invoices to back it up on my rehab, and letter of explanation of the acquisition price vs. the contract price.I also had a nice conversation with this appraiser over the phone the following day explaining my sympathy for how hard they have to work and how the HVCC rules have really screwed them.Wouldn't you know it, the appraisal came in at contract price which, in my opinion, was very generous.Then, just before closing and after the buyer had already signed loan docs, the lender comes back with "we need a second appraisal.