Shane Sours
Veteran that is new to real estate investing
30 November 2024 | 2 replies
A ground-up construction loan for a new investor on some vacant land would also be a no-go as you must be able to show successful exits (refinance or sale) from a few projects before that's an option.So, we need to be able to see funds in your account that can cover the down payment, closing costs, and some reserves left over that will allow you to start your rehab.• No entity to close in: Though an LLC/entity is not a must-have, it's a nice-to-have prior to seeking financing.
Paul Merriwether
Has anyone heard of Scott Jelinek and his Slow Flip strategy?
2 December 2024 | 34 replies
If they do buy within the 5 years, you pay off investor and you take the leftover.
Zach Harsh
Are Tyler Deveroux, Ryan Woolley, Multi Family Mindset a Scam?
13 December 2024 | 23 replies
He said he would bring him on to the deal but a little while later we found out that they were awarded the deal, but they said that MF Capital, Ryan Woolley and Tyler Deveroux’s company took way too much of the pie for them to have anything left over to bring us in on.
Fakaradin Floyd
Advice on my STR pitch and overall Rental Arbitrage advice (Alexandria VA)
30 December 2024 | 89 replies
Because I am doing Airbnb Arbritrage and working with someone else's home I was a lil anxious on if I would have leftover cushion money for the slow months as I started on the last half of summer.
Stuart Udis
If you are buying lower cost SFH's what is your exit?
9 December 2024 | 20 replies
At times I questioned whether the buyer would have money left over to purchase their next meal, even with the 5-6% seller assist.
Charlie Martin
Creative financing for first time buyer?
26 November 2024 | 6 replies
My wife and I both have decent paying jobs, but after paying rent, vehicles, student loans, etc, there’s not much left over for saving, let alone 20% down.
Silas Melson
Turnkey Investing Concerns
3 December 2024 | 16 replies
Cash flow is the amount left over that you deposit into your real estate-only account.
Luc Brieger
Entry Into Wholesaling
26 November 2024 | 9 replies
While I manage my expenses responsibly, I don’t have a significant amount of capital leftover each month to invest in holding properties or funding larger ventures.That’s why I’ve been exploring wholesaling as a potential entry point into real estate—it seems like a feasible way to build up the necessary capital while learning more about the market and the process.
Thomas Loyola
Are my assumptions reasonable?
26 November 2024 | 5 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.
Lewis Kerwin
Does this SFH warrant full interior repainting? And if so, is $3000 reasonable?
26 November 2024 | 9 replies
So, if there is leftover paint with the color code or if you know it you are set.