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5 February 2025 | 8 replies
Buy: $284,900Rehab: $115,000Holding: $16,500 Points: $3,413 Selling fee: $30,000Insurance hold: $2,000-$2,500 (maybe get back $1,000-$1500 if you close quick)Other title/escrow purchase: $2,500ARV: $500,000Profit: $46,587 (9.25% approx) I would do the deal, especially if you get that gap for rehab closed 3-4 months and tighten up the rehab costs too ($100,000)
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27 January 2025 | 7 replies
Quote from @Enrique Toledo: I came across a really good seller financing deal and I would like to purchase it as my first deal but I don’t have enough money for the down payment.can I use a lender of some sort to give me money for the down payment?
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24 January 2025 | 36 replies
They have a brand they're trying to keep consistent over the entire portfolio.
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6 February 2025 | 2 replies
Looking to purchase in NV with current paystubs because income is a bit tight with returns.
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5 February 2025 | 1 reply
I'm 53, married with 2 kids less than 17 years old with debt only from purchases on credit cards and my home.
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23 January 2025 | 4 replies
Quote from @Dennis McNeely: In a sandwich lease option, the investor exercises their option with the property owner to purchase the property when the tenant-buyer indicates they're ready to exercise their option and purchases the property.
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2 February 2025 | 2 replies
Step 1: Ensure you can get financing (is it a cash purchase or will you need a loan).
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10 February 2025 | 7 replies
For experienced investors who have done 5+ similar rehab projects, I can lend up to 100% of the purchase price and 100% of the rehab on light 1-4 unit rehabs.
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10 February 2025 | 6 replies
Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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2 February 2025 | 1 reply
So pretty good equity position within a year plus cash flowing well based on a $325k purchase price.