Kellis Landrum
Evaluating Market Pricing
15 October 2015 | 16 replies
If there is a high owner occupancy rate then I think you might be able to sell at FMV but don't bet on it!
Account Closed
BRRR strategy confusion - Refinancing
20 July 2016 | 30 replies
a nanosecond.As I see it, here are the numbers:$37,000 Cash to buy$20,000 Cash for rehab$57,000 Total Cash in$125,000 ARV$57,000/$125,000 = 45.6% ARV....if you can't find a lender for this ratio to do a COR, then you must be in some foreign country.70-75% ARV typical ARV used for COR$87,500 70% ARV (of $125,000)(57,000) Total Cash in$30,000 Cash Out$87,500/$57,000 = 154% CCRAs long as the new loan payment, when subtracted from your current cash flow, doesn't put you into a bad cash flow (as in negative), then grab it and move forward.
Mav Larson
4-Plex Deal Advice
14 October 2015 | 21 replies
Forgive me if you mentioned them before.Also, I wouldn't bet on appreciation.
Justin Lee
Getting good at passive investing
26 October 2015 | 4 replies
Also, I would say the next most important thing to consider when it comes to passive investing is WHO you're actually making a bet on.
Henry Norton
Detroit Housing Market
31 March 2015 | 14 replies
Selling on a L/C or renting could be good options.
Account Closed
Buy & Holds Out-of-State Portfolios - Who has been holding for 10+ years?
6 April 2015 | 114 replies
Specifically, PE funds and high net worth folks have bid prices up in most Class C or better neighborhoods so it's tough to find a good deal.
Paulette Midgette
Philadelphia, PA Among the Top 3 Healthest Housing Markets in the Nation
29 April 2015 | 9 replies
I have to be honest with you, I am not sure what the difference is between an A,B,C, or D neighborhood.
Lucian Harris-Gallahue
Buying Cuban Homes, Uncharted Waters
11 May 2016 | 26 replies
Check the laws and bet on the opportunity.
Nithin K.
Good neighborhood to buy a rental property
16 May 2016 | 5 replies
Definitely not great neighborhoods, maybe C or B-, but there's good opportunity for cash flow there.
Jorge J.
How to search for a Mortgage Lender?
24 May 2016 | 10 replies
It's usually pretty close to a wash, or when I hold the rate constant it's like 20 basis points (to price, not to rate) or something trivial, coin toss which will win on any given day.I prefer to have my direct lender hat on to my broker hat when working on REI deals (not licensed in your state, don't actually bother PMing me) because your situations are always wonky and I need that direct telephone/IM/email line of communication to the assigned decision making underwriter so I can go over your net loss carryover, or weird Schedule C, or funky deposits, or whatever it is, with her and get it resolved in 5 minutes rather than over the course of 5 days of emailing back and forth through some intermediary.