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10 December 2024 | 2 replies
Can someone provide me a fully detailed cost plan of every single item that I will need to pay when doing a fix and flip.
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10 December 2024 | 7 replies
Site cleaning may be the single most underfunded line item on construction budgets which often leads to dangerous work sites.
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17 December 2024 | 22 replies
When I sent the Home Inspection report to ABC Baltimore, it was the usual, “We will work on the items, we are very close, etc.”.
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13 December 2024 | 5 replies
If funds for the program are reduced or eliminated it would create a national housing crisis, so generally it just gets carried at about the same level each year.Yes, local governments run out of funds which is why they close their lists or the wait time is very long.
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7 December 2024 | 8 replies
1) I’d remove all items under $100 and the landscaping/vegetation items.
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7 December 2024 | 7 replies
It would be $1.1m, and according to AirDNA it would run -$40k/yr as an STR, and while local rent rates are high it would still run about -$2500k/m.It is such a cool and unique property I hate to let it go and would love to find a creative use for it that could at least carry itself (approx $6k/m+).
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12 December 2024 | 7 replies
We back into the "strike price", meaning the maximum price we're willing to pay for a property, by starting with a conservative ARV and then backing off our required profit, the rehab cost, the time value of money (carrying costs and interest), and a contingency reserve for unexpected expenses.
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13 December 2024 | 20 replies
For example, maybe they believe they did $1800 in work, buy you believe they did $1200 in work and that there is still a punch-list of items that need to be done.
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10 December 2024 | 6 replies
It carries a $50k Heloc that’s being paid down. 3.
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11 December 2024 | 8 replies
These loans allow buyers to purchase a property “AS IS, WHERE IS”.Renovation loans are available in 30, 20- and 15-year fixed rate terms and can be used to purchase owner occupied, second home and investment properties.By time the renovations are completed, the home needs to be in move-in, live-in condition and conceptually ready to be resold without repair issues.Other Important Items to Know about “Conventional” Renovation LoansMaximum – Minimum Purchase/Upgrade Amounts:Maximum: Limited to 75% of the “after improved” valueOccupancy: Primary, Second Homes, Investment PropertiesUnits: 1-4 unit propertiesRenovation Term:The renovation term for this program is a maximum of 180 days.The Borrower(s) is responsible for the work being completed within the escrow period.