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9 January 2025 | 0 replies
If you don’t have a large down payment saved up, don’t worry—there are plenty of options available . . .”A trusted lender will go over the various loan types with you, any down payment requirements on those, and down payment assistance programs you may qualify for.
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25 January 2025 | 5 replies
If there is a large amount of equity, one party may have to buy out the other - if they cant afford it/cant qualify, then the property is sold.I deal with this frequently with mortgages.
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12 February 2025 | 3 replies
--AI Analysis----ChatGPT pointed out that the math for Ten flips per year, the text shows$787,500 for Year 2, when it should be $1,012,500, adding that for Year 3, the result should be $4,556,250 as the initial investment should Gemini said this:The math for the "POWER OF FLIPPING Case Study with $50,000" appears to be accurate, based on the information in the source.
8 January 2025 | 3 replies
The information contained in this post is not to be relied upon.
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5 February 2025 | 14 replies
I would recommend opening up a brokerage account with Schwab, Fidelity, Vanguard or any other large firm like this.
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21 January 2025 | 5 replies
I second all that has been said above - all of those folks referenced have been really helpful to me and have added lots of value to so many BP community members, especially in our local marketplace.
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15 February 2025 | 84 replies
I believe that if you only build to code, congratulations you just got a D-, because that's what code is, the bare minimum acceptable.
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3 February 2025 | 11 replies
1) are you paying down more than $400, if so you are making money, but if you put down a large downpayment you’re not getting a good return m2) do an amortization table at 30 years.
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23 January 2025 | 3 replies
There are some very aggressive investors that refi into interest only products to free up even more cash in the short term - this can be much more risky though, so not recommended if you are not very experienced and have large reserves.
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16 January 2025 | 0 replies
I added value to the property by focusing on key renovations that aligned with the tastes of Hamptons buyers.