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14 November 2024 | 8 replies
Acquisition budget?
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17 November 2024 | 16 replies
It takes alot of capital to furnish-- whatever you budgeted, it's probably more.
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15 November 2024 | 12 replies
Who walked it and gave you the reno budget ?
15 November 2024 | 4 replies
Here’s the quick-and-dirty lowdown to get you started:1️⃣ Where to Look:LoopNet & Crexi: Good for commercial deals, though the best ones go fast.MLS (Multiple Listing Service): Access through a realtor for hidden gems.Auction Sites: Think Auction.com or HUD homes for distressed properties.Direct Mail Campaigns: Target landlords with older properties (especially those with code violations).2️⃣ Systems for Finding Deals (Step-by-Step):Set Your Criteria: Market, budget, unit count, rehab level.Build a Deal Funnel: Use LoopNet, Crexi, wholesalers, auctions, and brokers.Analyze Quickly: Use a property calculator to see if it cash flows.Direct Outreach: Contact sellers or property managers directly.Get Your Network Tight: Property managers, realtors, contractors—they’ll drop the best leads.3️⃣ What Makes a Good Deal:Cash Flow Positive from Day 1.Below Market Value (usually needs rehab).Upside Potential: Think rent increases, better management, or refinancing options.4️⃣ How to Become the Better/Best:Study the Market Like a Hawk.
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14 November 2024 | 5 replies
It’s definitely possible to do a BRRRR in OKC on a budget under $100K, but as you’ve found, the MLS options in that price range can be limited and often include older homes.
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15 November 2024 | 16 replies
And the budget was 15k/bedroom for furnishings.
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15 November 2024 | 3 replies
It’s written explicitly for investors to help them understand rehab projects and budgets.
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17 November 2024 | 6 replies
Buying down to 5.75% for $4,400 will give you immediate monthly savings and stability, which can be nice for budgeting as a new landlord.
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15 November 2024 | 4 replies
Hi Luca,a rate/term bridge with rehab budget would be your best bet. there would be no PPP's since it's a bridge, you'd be able to pay off the existing lien, and you'd get your funds to do some renovations to the property.I should be able to help with this, but I'd need more information on the property and how much in rehab you are looking to do.
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26 November 2024 | 44 replies
Most of the properties on the list having under market rehab budget along with an extremely generous ARV presented by the Wholesaler.