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Results (814)
Meghan McCallum Help...my contractor bailed
15 October 2016 | 15 replies
Waiting for them is probably better than hiring the guy who is available to start tomorrow but won't finish in anything resembling a reasonable time frame.3) You're smart not to hire family.Finally...
Matt Anderson Wholesaler friendly title company
20 January 2019 | 7 replies
Long story short, over the past year I've patched together a few deals that loosely resemble wholesale deals.  
Abdul Azeez Is this real and what does this mean?
19 September 2016 | 28 replies
Rather, when positive cash flows are reinvested, it will be at a rate that more resembles the cost of capital.
Eddie Reid how to use financing for maximum cashflow and capial accuulation
6 April 2015 | 0 replies
In Todays realestate marketplace in the area of realestate finance there is some resemblance as to how to create wealth quickly as it was when I first entered the business over 25 years ago,in those days there was no seasoning of title,a very powerful tool,for my younger investors they may not know what no seasoning of title mean,no seasoning of title simply lets you buy lets say a property that you bought for $25,000 ,but the appraised price was $50,000 and this was a property where there was no rehab necessary,in those days I could buy the property for $25,000 on Monday and sell it on Friday for $40,000,oh by the way i almost forgot to tell you i bought and sold 25 properties in 4 mo. only using $500,those were the good old days well this scenario is creeping back into the marketplace,this brings me to Todays lesson is based on using 4mo.seasoning of title and 100% financing to move your realestate empire forward,here's how,john doe is a pretty ambitious guy ,he doesn't have a lot of liquidity but he has some ,he finds 4 properties that cost $50,000 that each of them needs $25,000 in rehab,the appraise value of each of the properties after they are finished is $150,000,john fortunately is able to find 2 lenders that will allow him to do 2 rehabs at 100% financing,so john is able to get the financing for all 4 properties and now he has $600,000 in value and $300,000 in mtgs,john has 2 options he can either sell all 4 properties or hold them,john is able to find a financing source that will give him a 7% rate on a 10 year call with a 30 year amt,and the lender will allow him to cash out at 70% of the appraised value,so john decides he want to keep the properties so he decide to refinance ,his new mtg pymt is $1663,lets say taxesand insrance hypotheticaly speaking is $350,per property, it may be a little higher,so his total mo outlay 3063,on a $150,000 home based on where you are located,1300 mo should be a fair #,it could be higher,so your total gross rents are $5200-3063=$2137,oh we almost forgot what was johns cash out when he refinanced (600,000x70%=420,000-$300,000,this would equal $$120,000-estimated closing =$30,000=$90,000,lets see what are really happened,$90,000 profit,$2137 monthly cashflow,minimal out of pocket,being that this is based on 100% financing ,there will be some out of pocket costs along the way but they can all be recouped back,so the investors true out of pocket costs would be 0 because he was able to recoupe his out of pocket from the cash out refi ,so tell me what is the real rate of return on investment if your end result is that you have 0 costs of your own money in the deal,the last thing I want to mention is that some people who read this may not have any money , but have valuable homeimprovement expierence,another may have the credit but no money,the other may have money but no creditand yet another mayknow where all the smoking deals that would make the #s work ,I bring this up because I read a post of 2 people coming together to bring the resources that the other lacked,im sure the same thing can happen in this instance.
Tom Camarda Florida opp?
16 May 2015 | 7 replies
It doesn't necessarily mean deal, as the bank will be looking for something resembling current FMV.  
Cody Dover 1st syndication in Little Rock, Arkansas
7 June 2018 | 7 replies
Ernst & Young applying the "family resemblance test" to the facts in order to determine whether or not it is a security. 
Jake Kucheck Your Voicemail Greeting is a LIE
29 June 2013 | 28 replies
I mean, really, who is going to remember option 6 if it resembles option 3 while driving 65 in a 35 :)(also it's better when people pick-up)
Derek Jackson Arizona based newbie vet looking to connect
4 May 2020 | 8 replies
Everything I've done has been on VA loans (since my wife and I are both veterans, we have dual VA benefits).Now I'm reading a ton of books, listening to Podcasts, analyzing deals, and trying to get ready to dive into more rental properties and other real estate investments.I've noticed that it seems like the entire Phoenix metro area is extremely competitive and it's difficult to find anything that remotely resembles a "good deal" for a rental according to any of the benchmarks.Regardless, I'm not deterred.
Vanessa Lauritsen Private Estate with 16 car garage
4 April 2023 | 0 replies
It originally resembled a church looking at the front door.
Rosaria Pipitone Has anyone ever invested in the Poconos area? Any suggestions?
3 October 2021 | 23 replies
Someone is building an entertainment complex modeled after one that Disney has already built somewhere else, that is all.This has nothing to do with Disney, Disney is not involved, Disney would never in 1 million years touch the Poconos, this is just someone else trying to build something in the Poconos that somewhat resembles something that Disney did somewhere else