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13 February 2025 | 3 replies
Purchase price: $424,500 Cash invested: $20,640 I purchased a small detached duplex that I plan on moving into one and keep the other as a rental.
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8 February 2025 | 18 replies
Most work like this: Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
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12 February 2025 | 2 replies
The land is on two tax lots so my plan is to sell the extra lot immediately after closing for a projected $275K.The property on the other lot will be a fix and flip with projected costs of $240K and an ARV of $750K.I plan to use a PML of 2 points and 12% APY for 70% of the total cost.
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19 February 2025 | 4 replies
Many experienced RE attorneys should likely already have something similar to your needs that can be amended to suit your business.
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5 February 2025 | 17 replies
Will you lend to a retirement plan (which will prohibit a PG)?
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20 February 2025 | 1 reply
I plan to live in unit 1002.
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22 February 2025 | 6 replies
Quote from @Charlotte Wilson: Maybe I am overthinking this but when I look at properties to purchase that I plan to rent out, how do I make sure I am including all the potential additional “cost” besides the mortgage and property taxes?
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15 February 2025 | 14 replies
Unfortunately, while there are other methods to acquire investment properties, the reality is you need cash and reserves to plan and set up your investment portfolio accordingly.
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28 January 2025 | 8 replies
To do this legally, I know plans need to be drawn and submitted to the Planning Board.
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29 January 2025 | 5 replies
College isn’t a must for real estate, but it can definitely help with things like business, marketing, and communication skills.