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4 December 2024 | 6 replies
How do you balance these strategies, and what signals do you look for in deciding to hold or flip a property?
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8 December 2024 | 14 replies
Striking the right balance between enforcement and maintaining an inclusive, education-focused community will be crucial to its success.
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7 December 2024 | 18 replies
If the amount paid to purchase an existing note is below the principal balance or more correctly, the unpaid balance, the investor will benefit from an early payoff to the tune of the discount.
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3 December 2024 | 1 reply
If you use a HELOC I would do a project where you can pay it back(BRRR, Flip) and not keep a balance.
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5 December 2024 | 11 replies
Balance (compromise) and communication are key in situations like this.
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4 December 2024 | 8 replies
The new property has to perform enough better than what you have to pay the higher interest rate on the higher balance, AND ADDITIONAL profit just to payback the $65k you lost selling.
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5 December 2024 | 7 replies
SEEKING feedback from other Sellers of rental or primary residence homes who have dealt with SINGH Development Company agreeing to Seller Carryback Finance terms and "the end result" from beginning to end of contract terms.The proposed offer is for 7 years, $600 monthly payment to Seller, balance due at end of 7 years, 0% interest as final overall price paid to Seller after 7 years from date of closing is inflated to $270,000.
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13 December 2024 | 35 replies
Seems like a really balanced and prudent approach.
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5 December 2024 | 7 replies
He *seems* to be making an effort to square people away and talks all sincere, but everything we've seen to this point I won't trust a word of it until my balance in full is wired into our checking account.
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5 December 2024 | 4 replies
To get this amount through a cash-out refinance at 80% LTV, the home value must be at least $453,800 after one year.Based on your report your ARV right after reno is $425,000Add a 8% home appreciation for one year $34,000Estimated Home Value After 1 Year:$459,000Assuming a refinance after 12 months with a property value of $459,000: New Home Value (Post-Appreciation): $459,000 New Mortgage Amount (80% LTV): $367,200 Existing Debt Balance after 12 months: -$360,000 (because you have been paying interest only) Assuming Bank fees on New Mortgage: - $200 Cash Pulled Out: $7,001, allowing you to recover to pay only 7k on your initial investment of $29,790, leaving $ $22,789 in the deal.Many new investors mistakenly believe the BRRRR strategy ends after the cash-out.