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9 April 2024 | 9 replies
The cost is very high interest and origination fees.
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8 April 2024 | 9 replies
It's essential to evaluate each deal individually, considering factors like your specific market, property condition, and your own risk tolerance.Here's a quick summary of what you might do:70% Rule: Use this as your initial benchmark to assess deals, especially if you're looking at traditional financing with 70% LTV as a goal. 75% Rule: When you have access to lenders offering DSCR loans at 75% LTV, adjust your analysis to match this new lending option.
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8 April 2024 | 8 replies
Another important factor here is your deal flow.
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9 April 2024 | 37 replies
They settled because they were going to lose, so why keep paying expensive legal fees?
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7 April 2024 | 7 replies
Factors such as size, condition, having a pool, etc. all factor in.
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7 April 2024 | 32 replies
Competition is definitely lower as well as prices, but distance is usually a factor for most people.
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8 April 2024 | 6 replies
At least 3-6 months of reserves.Expect to lose probably 2 months of rents when you close, 1 month vacancy, 1 month leasing fee, and to spend 1-2k to make the unit rent ready.
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7 April 2024 | 16 replies
Not to mention agent fees, staging, and short-term gains tax from the sale.
7 April 2024 | 1 reply
. ~200k Factored in. 36k-90k for car chargers. 150-250k~ energy sold to tenantsIf my assumptions are correct, I should be able flip property in 5 years or refi and do it again in 5 years @ 50/50% at 13.5m equity. rinse repeat.
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7 April 2024 | 5 replies
There are a few major factors that I consider when looking into a deal-making sense.Let me first start by telling you why I believe this is a good deal then I will go into my deal killers.Why this deal works:1. 0% down seller financed2.