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4 February 2025 | 17 replies
The purchase contract makes the buyer legally responsible for the loan.
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28 January 2025 | 1 reply
Purchase price: $4,100,000 Cash invested: $2,000,000 79 unit value add apartment complex with roughly 800k in cap ex completed What made you interested in investing in this type of deal?
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6 February 2025 | 9 replies
You mentioned you haven't purchased an investment property before or been involved with seller financing transactions.
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5 February 2025 | 2 replies
I frequently hear that someone purchased a new property because their real estate agent told them they could get X amount for rent, when in fact, the market comps don't support that amount.
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21 January 2025 | 14 replies
The last house I purchased was $227,500 and we put down $85K.
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28 January 2025 | 0 replies
Purchase price: $250,000 Cash invested: $75,000 7 bedroom Padsplit property at 93% occupancy What made you interested in investing in this type of deal?
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22 January 2025 | 2 replies
I imagine the only way it would be possible is to do the bulk purchase in cash, sell off a couple and then put debt on them?
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10 February 2025 | 16 replies
Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.
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22 January 2025 | 0 replies
Purchase price: $230,000 Cash invested: $283,550 Sale price: $283,500 Purchased off market. $25,000 Rehab. $20,000 profit after realtor commission.
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31 January 2025 | 3 replies
In short: $4.25M Purchase Price. 15% down. 3.25% with seven years remaining.