Mahi Adhik
Insurance type on mixed used property
4 February 2024 | 1 reply
In any case, I found that American Family Insurance, State Farm and local commercial insurers are the best bet.
Mitchell Alliston
Aiming BIG after my first deal ever.
4 February 2024 | 4 replies
My name is Mitch Alliston and I am done with my first real estate deal ever and Just doubled the value of a farm by transforming it with permaculture design, now that we have closed I will be coming back to South Florida to start investing in apartment buildings from St.
Ben Fernandez
What to look for in a Farm Area?
2 February 2024 | 4 replies
Hi all!I am trying to get my foot in the door and I am looking for an area to target in either the Pueblo West/Colorado Springs/Denver area for fix and flips! Is there anything in an area that you look for before expl...
Tony Pellettieri
Whether or not to utilize wholesalers & Other methods of deal sourcing when scaling
2 February 2024 | 3 replies
We typically do not rely on many of our opportunities coming from wholesalers, but that's not to say we're not occasionally interested in something they have to offer.In addition to scouring our farm area while we drive around to and from our properties, and looking at aged(100 day+) listings and new low priced distressed condition listings on the MLS, which is where many of our deals come from, we reach out to local agents in the area we're looking to invest and let them know we pay cash.
Tony Pellettieri
New Construction HML in Foreclosure Proceedings - Needs Help
1 February 2024 | 1 reply
This property is right next to our farm area and in a highly appreciating area, so Actual Post Construction Market Values in Deal Analysis at bottom will likely be higher than estimates when project is complete.HML Loan Payoff $72,000 + Builder owed $30,000Purchase Price of the two acres of cleared land & small house $93,000Post Construction EMV of Lot/House #1: $379,000 - 1398 sqft single story ranch style @ $220/sqft + small House on 1 acrePost Construction EMV of Lot/House #2: $307,000 - 1398 sqft single story ranch style @ $220/sqft on 1 acreThe builder had said the remaining amount, to complete the first house, he would require would be approximately $185,000.
August Kahle
Using remaining VA home loan eligibility after first purchase
31 January 2024 | 3 replies
I'd eventually like to move to several acres or more in the country (possibly with a tillable field that could also be rented to be farmed) and have these rents subsidize the increased cost of the mortgage so that my net mortgage (farm mortgage minus cash flows from these rentals) would be the same (or less) as a fairly standard SFH in the city, for a much larger property that would allow outdoor recreation.
Tony Pellettieri
Possible Private Lending solution to a friends HML in default? - Please Advise
31 January 2024 | 10 replies
This property is right next to our farm area and in a highly appreciating area, so Actual Post Construction Market Values in Deal Analysis at bottom will likely be higher than estimates when project is complete.HML Loan Payoff $72,000 + Builder owed $30,000Purchase Price of the two acres of cleared land & small house $93,000Post Construction EMV of Lot/House #1: $379,000 - 1398 sqft single story ranch style @ $220/sqft + small House on 1 acrePost Construction EMV of Lot/House #2: $307,000 - 1398 sqft single story ranch style @ $220/sqft on 1 acreThe builder had said the remaining amount, to complete the first house, he would require would be approximately $185,000.
Mei Bae Wu
3 Sisters Farm Land Investment
30 January 2024 | 0 replies
Investment Info:
Other buy & hold investment.
Purchase price: $98,000
Cash invested: $33,000
Bought a 4 acre agriculturally-exempted piece of land with a syndicate including my mom and my sister ...
Tony Pellettieri
Possible Solution to a Friends HML in default - Deal Analysis
31 January 2024 | 2 replies
This property is right next to our farm area and in a highly appreciating area, so Actual Post Construction Market Values in Deal Analysis at bottom will likely be higher than estimates when project is complete.HML Loan Payoff $72,000 + Builder owed $30,000Purchase Price of the two acres of cleared land & small house $93,000Post Construction EMV of Lot/House #1: $379,000 - 1398 sqft single story ranch style @ $220/sqft + small House on 1 acrePost Construction EMV of Lot/House #2: $307,000 - 1398 sqft single story ranch style @ $220/sqft on 1 acreThe builder had said the remaining amount, to complete the first house, he would require would be approximately $185,000.
Mary Pastoral
Airbnb guest problem: unauthorized guests and possibly a party
29 January 2024 | 18 replies
Quote from @Mary Pastoral: New to hosting and currently hosting our first problem guest.