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19 July 2024 | 53 replies
But here are the highlights to consider:-If you can do a 15% down payment on sum of purchase price and rehab dollars this can work. - Single family homes to rehab and hold or to fix & flip- Loan is in your name not your LLC- Rates between 5% and 6% depending on credit score- 30 year term loan, fixed rate, no pre payment penalty if sold or paid off anytime- Example buy at 100,000 and add 50,000 for rehab = 150,000 means 15% down payment or 22,500- So the buy is financed at 85% and so is the rehab if you look at it that way- House will be appraised off a contractors write up of the work to be done and must appraise out ARV to at least the 150,000 to make sense at all; if not loan is not approved so a buyer cannot get into trouble in that sense with lender oversight- all work must be done by licensed trades people, not the own themselvesIf this sounds plausible I'm happy to answer questions.
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19 July 2024 | 0 replies
What to do with the dirty water (whether that be because of food, shower water, or bodily discharge) is the one that worries me the most.
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21 July 2024 | 9 replies
Typically when someone highlights all the other benefits besides cash flow my spidey sense tingles.
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22 July 2024 | 38 replies
Case workers look at things such as disability, are the potential tenants collecting food stamps, child support, do they have other income, SS, how many children, what ages are the children etc etc etc.....In your earlier comment you said average for 3bedroom is around $900.
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17 July 2024 | 0 replies
This quick and profitable transaction highlighted our efficient investment strategy and the strength of our partnership with Bob Taylor.
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17 July 2024 | 1 reply
This quick and profitable transaction highlighted our efficient investment strategy and the strength of our partnership with Brittany Scandra.
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18 July 2024 | 4 replies
Highlights and AdvantagesNew Roof: Installed 4 months ago.Potential to Add Value: Through strategic renovations including adding a full bathroom and bedroom.Attractive Market: High demand for updated properties in Hixson, TN.9.
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17 July 2024 | 0 replies
This quick and profitable transaction highlighted our efficient investment strategy and the strength of our partnership with Dale Oglesby.
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18 July 2024 | 5 replies
It's like asking "What type of food is good?"...
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19 July 2024 | 100 replies
Quote from @James Hamling:The place we keep banging head's here, I think this highlights where problems are going to be for agents going forward.