
11 April 2024 | 5 replies
Try looking at it a slightly different way with some quick math:$900,000 sales price$22,500 cost of purchase (appraisal, points, lender fees, title fees, etc - 2.5%)$90,000 cost of sale (10% commissions, closing costs, buyer credits)$64,000 carrying costs (6 months at 10%)$25,000 additional carrying costs (6 months taxes, utilities, HOA, misc)$100,000 rehab cost (the number used above)$68,500 profit = $530,000 max allowable offer.Some numbers may be a bit high, others may be a bit low.

11 April 2024 | 0 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

11 April 2024 | 31 replies
You will need to get a local, rockstar Realtor, contractor, lender, and property manager.https://www.biggerpockets.com/...I invest locally in Columbus, Ohio

11 April 2024 | 4 replies
many HML will call themselves private money lenders to give the illusion of cheaper rates and easier terms.Private money is just that individuals with funds to invest that are Private they dont hold themselves out as in the business of lending.normally this would be friends family or other high net individuals you may already know who want to do deals with you.

11 April 2024 | 5 replies
Still learning, no big challenges yet Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

11 April 2024 | 2 replies
So, I added #2 just like a mortgage lender would do to screen for that.

12 April 2024 | 13 replies
You will need to get a local, rockstar Realtor, contractor, lender, and property manager.

11 April 2024 | 2 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

10 April 2024 | 3 replies
If multiple lenders hit my credit report at the same time [during the same week] will it be considered a single credit pull or multiple hits?

11 April 2024 | 7 replies
So far the ones I've found either do not provide these services in Florida or only service loans from large mortgage lenders.