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21 February 2025 | 3 replies
I supplied that and then they said they wouldn't extend the worry fee waiver because I hadn't provided a new lease.
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12 February 2025 | 20 replies
Talk to your insurance provider about your concerns and they can recommend the right coverage.
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10 February 2025 | 0 replies
Provide strong asset protection benefits, shielding assets from creditors in many circumstances. eg: creditors may have difficulty seizing assets held in a Wyoming trust, depending on the trust's structure and timing.3.
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17 February 2025 | 4 replies
Hard money loan How did you add value to the deal?
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5 February 2025 | 69 replies
I put a new build under contract early this month, and are now working on the loan with a credit union.
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20 February 2025 | 0 replies
I would like to at some point be at the Executive level providing great leadership that focuses on open communication, innovation, continuous opportunity, and safety.From my time managing people I have learned the most important trait in a great new hire is motivation and independence.
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25 February 2025 | 4 replies
Plus, we’re an Intuit QuickBooks Solutions Provider, so if you do go that route, we can hook you up with a great discount on your first-year subscription, regardless of which plan you choose.
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26 February 2025 | 7 replies
Plus, owner-occupied loans get the best terms, making it an easy entry point.
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16 February 2025 | 7 replies
@James Calvert there is conventional financing that allows you to use renovations to make the property livable, just as you would with an FHA 203k loan.
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13 February 2025 | 1 reply
Here's the deal:Purchase Price (PP): $95kRenovation Budget (via HML): $60kTotal All-In Cost: $155kARV (After Repair Value): Around $200kRefinance (via DSCR Loan): 7% interest, 30-year fixedRefinance Details: After the refi, I will pay back the Hard Money Loan (HML) at 11.95% with 3 points:HML: $60,000Interest/fees: $3,585Other costs: $1,800Total to pay back HML: $65,385After the refi, I will have $84,615 left in cash.Cash Flow & Expenses:Expected Rent Income: $1,700/monthProperty Management (PM): $126/monthInsurance: $100/monthTaxes: $126/monthMortgage: $1,043.75/monthTotal Expenses: $1,395.75/monthSo my monthly cash flow is about:$1,700 - $1,395.75 = $304.25/month in cash flow.Return on Investment:Cash Invested After Refi: About $18,385 (after paying off HML and closing costs).Annual Cash Flow: $304.25 * 12 = $3,651Cash-on-Cash Return (CoC): $3,651 / $18,385 = 19.8%I didn’t account for maintenance costs since it’s a full gut rehab, and everything is brand new.