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21 November 2024 | 3 replies
Additionally, I'm interested in understanding typical STR fees to help estimate cash flow.If anyone is willing to share their experiences or offer advice, I would greatly appreciate it.
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25 November 2024 | 10 replies
Run an estimate for $175k refinance cash out on a 30 year and you may still be able to make 250 cash flow and have 100k to reinvest to buy more real estate.
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21 November 2024 | 23 replies
Let’s break it down with your example and explore the financing options.Max Leverage (Using a Lender for 90% Purchase and 100% Rehab):Purchase Loan: 90% of $80,000 = $72,000Rehab Loan: 100% of $25,000 = $25,000Total Loan Amount: $97,000Your Cash Investment:Down Payment: 10% of $80,000 = $8,000Closing Costs and Fees: Estimate around 3-5% of the purchase price = $2,400 - $4,000Holding Costs: Property taxes, insurance, utilities, and interest during rehab (estimate $1,000 - $3,000)Contingency Fund: 10-15% of rehab costs = $2,500 - $3,750Total Cash Needed: $8,000 (down payment) + $2,400 - $4,000 (closing costs) + $1,000 - $3,000 (holding costs) + $2,500 - $3,750 (contingency) = $13,900 - $18,750Moderate Leverage (Using a Lender for 90% Purchase and 0% Rehab):Purchase Loan: 90% of $80,000 = $72,000Your Cash Investment:Down Payment: 10% of $80,000 = $8,000Rehab Costs: $25,000Closing Costs and Fees: Estimate around 3-5% of the purchase price = $2,400 - $4,000Holding Costs: Property taxes, insurance, utilities, and interest during rehab (estimate $1,000 - $3,000)Contingency Fund: 10-15% of rehab costs = $2,500 - $3,750Higher Equity (Using a Lender for Less than 90% Purchase):If you decide to put more equity into the deal by using less leverage, you will need more cash upfront, but your loan amount and, subsequently, your interest payments will be lower.
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26 November 2024 | 25 replies
Most have never done a single deal, have no money to close on the property if needed and have no clue how to estimate fair market value or ARV or sell a property.
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23 November 2024 | 1 reply
. - Expect rehab costs to exceed initial estimates (maybe double)!
22 November 2024 | 3 replies
One perk with these companies is that they often extend the lease as construction timelines are notoriously difficult to estimate.
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20 November 2024 | 11 replies
Also AirDNA is a snapshot of estimated T12.
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26 November 2024 | 21 replies
Get a no-cost estimate for an engineering-based cost segregation study on every investment property you own over $250K in purchase price.
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22 November 2024 | 6 replies
Online Facebook groups can be fruitfulOnce you find a property things tend to move fast so have a good contractor available to help you estimate repairs.
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23 November 2024 | 26 replies
Cherry South Bend IN Off market - Zillow estimate $103.5 K172 Carlson St, Westbrook ME Off market - Zillow estimate $362 K13959 465th Ave, Wilmot SD Off market - Zillow estimate $231 KThanks!