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1 February 2025 | 1 reply
Even with that, I think we will still be way ahead. 2 bed, 1 bath, 1200sq/ft, detached 1 car garagePurchase Price: $38,000Repairs: $20,000ARV: $96,000 (based off Zillow, but a local real estate agent thought that was pretty accurate)Mortgage: $430Insurance: $55Trash Included: $25Rent: $1,000We are now going through applications for our first tenant.
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7 February 2025 | 15 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.
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27 January 2025 | 5 replies
I had specifically asked for numbers including mortgage payments and they emailed to me.
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20 January 2025 | 4 replies
He is great with investors and can find deals that cash flow much easier, including some off market stuff.
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13 January 2025 | 5 replies
If you are going to finance your rehab then use a LLC to purchase and a rehab lender for financing.
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30 January 2025 | 5 replies
@Kiryl Ulanovich,You're on the right track:Get Pre-Approval from Hard Money Lender – Know your terms and limits upfront.Find a Deal Through a Wholesaler – Verify numbers and ensure it meets your criteria.Review the Assignment of Contract – Confirm terms, earnest money, and contingencies.Conduct Due Diligence – This includes an inspection (if allowed), verifying ARV, and rehab estimates.Submit to Hard Money Lender for Final Approval – Lender will review title, contract, and property condition.Title Search & Clear Any Issues – Ensure a clean title before closing.Close Through Title Company – Finalize funding and take ownership.Consider also lining up contractors early for a smooth transition into renovations.
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30 January 2025 | 47 replies
When he sells he doesn't finance 100% of the purchase.
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10 February 2025 | 11 replies
. - I've had multiple vacancies, including one where the tenant left after a year and cost me $6k in turn costs.
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9 February 2025 | 246 replies
Just because some fellow investor includes it on her or his log, does not mean it flies - unless this investor was audited and won.
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24 January 2025 | 0 replies
Experts, including Redfin, predict further improvements in affordability by 2025.The decline in rents is being driven by:1.