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6 February 2025 | 5 replies
Hi all investor here with a sfh property in Oklahoma, I have been having ongoing plumbing issues almost every week with toilet clogs etc since last year, and recently they had to repair the sewer lines and had to excavate the backyard and living room floors costed me tens of thousands of dollars.
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3 February 2025 | 3 replies
The process from start to finish would take four months and cost ~200k to build, with comps in the area around 355k-lender man said, refinancing would take six months as most lenders wont refinance a property unless its been built for six months, affecting the strategy to get paid out from refinancing quicker and closing out on construction loan-The property would not appraise at comps value, but at the cost it took to build, affecting getting paid out from the refinance.
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29 January 2025 | 107 replies
Am I more likely to be able to add $50k or $100k of value above cost in a high Cost RE market or a low cost RE market?
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4 February 2025 | 3 replies
However, the property’s cost basis (what they originally paid) carries over to you, meaning if you later sell, you may owe significant capital gains tax on appreciation.Alternatively, selling the property at fair market value eliminates gift tax concerns, but your in-laws may owe capital gains tax on any profit.
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4 February 2025 | 7 replies
Aloha Joshua, I deal with clouded/messy titles often and it's not my first choice as its froth with a lot of time, costs and risks.
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11 February 2025 | 4 replies
And although I'm grateful to have found another lender to get it done, it cost me more money in points, a higher interest rate because of the current rate was higher than previous, and I had to buy another appraisal for $750.The response I received from one of the founders of the company states: "We are not able to refund any amounts at this time as the time of quality control has passed....
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7 February 2025 | 7 replies
Strategies like living in a duplex or triplex, adding an ADU, or renting by the room can help maximize cash flow while leveraging FHA or VA loans for lower upfront costs.
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1 February 2025 | 1 reply
Let's say it's $100 a month and the cost to install a fence is $3,000.
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7 February 2025 | 8 replies
Courtesy of the video, criteria to consider include Deal Type, Management Plan, Business Plan, Financing, Asset Class, Ownership Structure, Property Class, Location, Purchase Price, Rehab Costs, Risk Target, and ROE Targets.
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26 January 2025 | 4 replies
Also you should inquire with insurance agents about the cost to insure.