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7 February 2025 | 25 replies
She sent me a letter from Commercial Property Advisors, Peter Harris, which stated she had approval for funds sufficient to cover the purchase price and below it listed a Wells Fargo business account showing funds in excess of the purchase price.
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5 February 2025 | 4 replies
Eventually I went to investment property (local purchase) and vacation home (2 out of state purchases).
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13 February 2025 | 3 replies
What is your price point and how much rehab are you comfortable with (as a % of purchase price)?
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17 February 2025 | 0 replies
Purchase price: $1,150,000 Cash invested: $200,000 Sale price: $1,599,000 Welcome to your dream home!
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20 February 2025 | 3 replies
Does anyone have any tips and advice on purchasing property in Medellin Colombia for short term rentals ?
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6 February 2025 | 5 replies
I had a flipper come to me asking about doing a new development.He would need $240,000 to purchase the land from a wholesaler and then he would have his GC partner get the construction loan but they cant get the loan if their is someone else that has a lien on the property so i would have to collateralize against one of their assets which they don't have.
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16 February 2025 | 0 replies
Purchase price: $250,000 Cash invested: $52,000 2013 Built in a Class B neighborhood of Houston.
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11 February 2025 | 4 replies
There are some HOA's that are in such bad shape they wont allow any type of loans and it must be a cash purchase.
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5 February 2025 | 4 replies
Quote from @Jeffrey Bourque: ARV $350,000 - $400,000 3bd 1 bath 800sqft estimate rehab $70,000 purchase price $200,000What are your thoughts and should I do it?
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4 February 2025 | 1 reply
Purchase price: $640,000 Cash invested: $220,000 Purchase price $640,000Got it at this price because there is a non-paying tenant in unit 2 (rent value $3,500), we're in court Rehab $60,000All in cash (rehab plus down payment) $217,500Rehab included ground level basement and 2 parking spot drivewayMonthly cash flow $1,500 ARV $950,000Equity $470,000Refi cash out (August 2024) $150,000 (used to buy new rental)New monthly cash flow breaking even (non-paying tenant still in unit 2)New equity about $200,000