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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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6 January 2025 | 5 replies
I was just thinking today there was all this excitement about VA loan assumptions there for a while when interest rates started going up.
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20 January 2025 | 31 replies
I'm looking to get their "package" which includes a Holding company, LLC Subsidiary, Corporate Financial Program and an Estate Plan.
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7 January 2025 | 0 replies
Seller is the Agent.Seller bought property in January of 2023 for $730,000Current “As Is” Value : $770,000Target Acquisition Price: $730,000-$780,000 After Repaired Value: $900,000Repair Estimate: $120,000Initial Offer Amount: $715,000Loan Program: Bank Statement Program.Total Estimated Monthly Payments (Principal, Interest, Taxes, and Insurance) $5500/month (based on $770k purchase price)Estimated Gross Yearly Income from Short Term Rental: $160,000 (65% Occupancy, $700 a night| (STR Listing Comparable properties Listing 1 Listing 2 Listing 3)Net Monthly Income after management and taxes: $11,751.25Net Monthly Income after Mortgage Payments: $6251.25 ($75,015) Per YearTotal Cash Investment: $297,000 ($177,000 in down payment and closing costs and $120,000 in repairs)Average Yearly Return on Investment: 25% yearlyAverage increase in property value per year: 5%Average increase in booking revenue per year 7.5%Property Value average after 10 years: $1.5 millionTotal Cash received over 10 years: $1.3 million.Total Equity multiple min over 10 years: 6x total return on $297,000 invested.
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7 January 2025 | 2 replies
Any advice would be helpful as I'm just starting out and am very excited for this whole journey ahead!
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7 January 2025 | 5 replies
So, I am truly coming into this blind... but excited and optimistic and ready for a new challenge/adventure!
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18 January 2025 | 21 replies
@Marcus Stokes Starting your first fix-and-flip can be exciting but requires careful planning.
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2 January 2025 | 8 replies
Currently, we are targeting multifamily properties of 100+ units, and have been actively engaging with various owners and brokers, submitting Letters of Intent (LOIs) and working to secure deals.While some may consider our approach bold for new investors, we are confident that, with the right team and expertise, we can succeed in achieving our objectives.I’m excited to be part of this community and look forward to learning from your collective experience.
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4 January 2025 | 5 replies
The program stipulates that you MUST stay in the home 5 years or you lose a pro rated portion of that 8k.
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24 January 2025 | 37 replies
Personally I'm working on a very exciting niche, but will take some time to pull together; and I'll give you more details as it moves ahead.