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4 April 2024 | 5 replies
He already has the $50k with the hard money lender however they will only release funds once first phase of the project is completed.
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4 April 2024 | 14 replies
EPA phase studies6.
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6 April 2024 | 45 replies
I'm lucky to have a job where I can start early and be off at 3pm everyday with no weekends and I can pretty much take off whenever I need to. 20 units is just an awkward phase where I don't think it's worth having a property manager, but it's also getting to be much managing on my own.
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3 April 2024 | 3 replies
Currently in the phase of buying my first property and needed some clarification if I’m getting screwed or not I’m in Rome, Ga and that is where I’m purchasing the home it’s a flip that was a 3 bed 1 bath but has been flipped into a 4 bed 2 bath the asking price is $214,900 originally 230k but the seller wants a quick sell my agent told me we should give them the asking price and ask for them to pay 5k closing close I wanted to ask for 190k and same closing cost but agent said they wouldn’t take us serious so I agreed to agents terms as I’m signing paperwork electronically I see closing cost is 17k since seller is paying 5k brings it down too 12k but being in Georgia I am approved for Georgia dream which covers closing and some of down payment now when I sign at closing I have to pay 6k I’m wondering why is closing 17k my friend bought a property his closing cost was only 10k granted he bought his property for 189k but I feel like my agent isn’t really trying to get me a good deal should I back away from this property, find a new agent, go through with this purchase, or am I getting screwed in the process?
3 April 2024 | 3 replies
I am in an information overload phase trying to take the first steps to secure a long term rental.
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2 April 2024 | 1 reply
Purchase price: $135,000 Cash invested: $1,000 Just got this under contact… In the due diligence phase… Contractors neeededddd What made you interested in investing in this type of deal?
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2 April 2024 | 1 reply
For example, if I bought this type of property and knew that my rents were below average for the local market, then my first phased approach would be to get aggressively try and get those rents up to where they need to be.
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1 April 2024 | 8 replies
. #3) Capital planning/strategy For maximum efficiency you should have at least a rough idea of the phases of deploying capital.
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1 April 2024 | 1 reply
Transitioning from sellr financing to traditional financing on commercial properties, the initial down payment made during the seller financing phase is taken into consideration when calculating the equity you have in the property (make sense?).
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2 April 2024 | 18 replies
I now have moved back in to acquisition phase, and have two deals set to close in 30 days.