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16 December 2024 | 11 replies
With investment properties, you can typically borrow up to 75% of the appraised value - significant funds if the $245,000 estimate holds.
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17 December 2024 | 17 replies
Yes, estimated about $30-35K in repairs and negotiated that into the purchase price as best as I could.
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17 December 2024 | 8 replies
I'm getting a contractor/ structural engineer to come by and help me draw estimates and understand how serious these issues are.
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15 December 2024 | 3 replies
Reno and house appreciated quite significantly 400k to 550k estimated.
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13 December 2024 | 7 replies
If the rate is reasonable then it may make sense to try to save fast to get to the 3.5% down payment on a double or triple - househacking may allow you to increase your savings rate and pay down that loan even faster.As for estimating costs, closing in NY factor at least 1% of the mortgage amount for tax, plus $1500-2000 for lawyer, title and fees, then the amount required by the bank for escrow will depend on the actual property taxes and insurance.
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15 December 2024 | 2 replies
Good afternoon,Could anyone help me to estimate my monthly expenses if I rent out my single-family house in Sutton, MA?
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13 December 2024 | 16 replies
I'd estimate the current value of the property around $1M.
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12 December 2024 | 7 replies
Just go through them, select the renovated/closely matching ones, and enter them into a model.Here's my fix & flip model, you can see the comps entered and some quick stats below them: Then I use that comp data to adjust the Sale Price in the model to what I estimate it will be (double check the resale $/sf is in-line with the comps), then adjust the purchase price until I hit my desired return level.
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19 December 2024 | 8 replies
This was very hard and time consuming, but I'm on the other side of the permitting process and ready to build.I am estimating the 6 cabins will be about 900k to build and will be worth 2x that when built.
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15 December 2024 | 13 replies
If you can get a loan at the 6.5%, you're saving another 5k a year off your estimates.