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Results (10,000+)
Chris Welch Scenario Advice
29 December 2013 | 5 replies
I'd like your advice on my thinking, and would also be interested in knowing more about other hard-money/private options available in my situation.Here's the scenario: Project: Upstate NY, 3-unit/12-br multi-family mansion - complete gut, rehab, and change of use from 2 to 3 family Purchased: 115,000 ARV: 375,000-400,000 Held by my LLC, not personally Project Status: Rehab is currently half complete.
Gunnar Teltow First two deals under the belt!
26 January 2014 | 24 replies
Lets see you highly leveraged your money, you raised private capital, you used owner financing, you have great cash flow, there is not much you didn't do great on.
James Haffner Newbie in Wasington state
30 December 2013 | 14 replies
Karyn you are sitting on an endless supply of private money through your connections.
Greg Meech Buying newer homes to rent
29 December 2013 | 9 replies
You are almost to the point where you will have to change your financing strategy and either go with commercial or private financing.
Kevin Olson Local REI or Out of State??
27 October 2014 | 17 replies
Assuming you get a private loan to finance the purchase then do a term refi to get the capital outlay back out it usually isn't a great cash flow place.
Ray Browne Homebuilder/Contracting in DC, MD, VA area
30 December 2013 | 5 replies
Hi Ray,Are you in need of private funding for your projects?
Siddharth M. Realtor contract assignment
30 December 2013 | 9 replies
Howwever, there are many other funding sources out there that can be used to fund deals that do not require 90 days title seasoning, such as hard money loans, private investor funds, self directed IRA's or retirement funds, and other less conventional funding sources.
Shawn Mcenteer Removing PMI
18 August 2019 | 19 replies
Another option is to get a second mortgage taking the first down below 20%, the payment on that loan could be less than the PMI, you'd probably need private money, if you have other assets another bank might work with you. :)
Ollie Gray IV Young and Ambitious or young and foolish?
1 January 2014 | 25 replies
So, I buy with [private] cash and rehab to move-in ready condition.
Cyrus Sidhwa Purchase Price for Flips
31 December 2013 | 10 replies
Some investors use it to filter prospects, some private lenders use it as a threshold for their terms, etc but other than that, it's just an indicator.When I analyse a project, I always work backward from the minimum profit I want to make....next is ARV.....from there, I calculate all other expenses (including closing costs on the purchase and sale) and work down to the bottom line.I use a private lender that doesn't know or care about the 70% rule so I don't use the rule.