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20 August 2024 | 0 replies
Purchase price: $258,000 Cash invested: $50,000 Purchased this 2 bed 2 bath, 1250 sqft home with a .75 acre lot, this was a good BRRRR property, it has the ability for an ADU/Granny Flat on the right side of the property.
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20 August 2024 | 0 replies
Purchase price: $258,000 Cash invested: $50,000 Purchased this 2 bed 2 bath, 1250 sqft home with a .75 acre lot, this was a good BRRRR property, it has the ability for an ADU/Granny Flat on the right side of the property.
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20 August 2024 | 16 replies
Having said that, I am wondering though, would me making a loan to him (see Paragraph 2 above) circumvent the Dodd-Frank provisions because he didn't buy the home with my money (rather my money is only being used for renovation post-purchase)?
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21 August 2024 | 4 replies
One additional thought is that most hard money lenders and private money lenders will require the borrower to contribute to the purchase/rehab of the property.
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20 August 2024 | 8 replies
HiWe purchased an CA investment property when rate are at 8.25%.
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21 August 2024 | 8 replies
I've been interested in becoming a farmer for as long as I can remember, and as I've looked at the viability of getting into farming, I've seen how much debt people go into to purchase land and equipment, and how crippling that debt can be for both the farmer and their family.
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21 August 2024 | 3 replies
Reinvestment/Expansion (10-20% of Income)Rule of Thumb: Allocate 10-20% of your income towards reinvestment in your business or properties.Why: This fund can be used for purchasing new properties, business expansion, or other growth opportunities, ensuring continued business development.Summary Breakdown:Mortgage Payments: 25-30%Operating Expenses: 30-35%Emergency Fund: 5-10%Capital Expenditures: 10-15%Paying Yourself: 10-15%Reinvestment/Expansion: 10-20%Adjust these percentages based on your specific circumstances, risk tolerance, and business goals.
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20 August 2024 | 10 replies
.* My insurance carrier does not accept escrow payments, so I would need a solution that wouldn't require escrow or something creative with the escrow.Property Details:Duplex located in Wisconsin (city of approximately 9,000 people)Purchase date: 05/10/2024Purchase Price: $85,000Rehab: $31,000ARV: $140,000 (still need to have appraisal completed - this is based off of my comps)Projected rent: $1,450 / month (just listed so no leases yet.
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17 August 2024 | 2 replies
The good news...it doesn't seem you have actually purchased real estate in these entities yet.
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20 August 2024 | 0 replies
Purchase price: $155,000 Cash invested: $215,000 Sale price: $417,500 This single family home project was a personal flip project.