25 September 2016 | 2 replies
Hello all, I have a quick question, I am new to real estate investing and recently came upon a property where the seller is asking for 23k.
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24 October 2016 | 10 replies
Lets do it together real quick:80K ARV20K Rehab50K PurchaseMoney borrowed=70K Time borrowed= 6 moHard money Costs=7K (10% of 70K: 2points on front 2 points on back, and 1% a month)Real Estate Commissions=8K (10% of 80K: 3% to listing agent, 3% to buyers agent, and 4% to title work, doc stamps etc)...so the flipper would take 6 months to lose 5K and you still havent gotten paid either...But wait, there's more: Upon further inspection the wholesaler's numbers were wrong anyway, the flip is going to take 32K and the ARV is really only 64K and I can only buy it for 12K (lets say 9K to the seller and 3K to you)12K + 32K = 44K Hard money costs 4.4K and closing costs 2.5K, RE commission is 4KTotal costs = $54,900Sale Price = $64,000Total Net to flipper= $9,100 Joseph, I am not necessarily a mentor, yet. haha but I would be willing to answer any of your questions.
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27 September 2016 | 6 replies
Some people think paying on the 15th+ once isn't that big of a deal, but it can quickly lead to the tenant finding themselves unable to make enough money to have rent ready again on the 1st of the following month.
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25 September 2016 | 3 replies
A city planner or an architect could quickly determine how many units could be built on the site.
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30 September 2016 | 2 replies
I plan on doing my first deal within a month or two, but i have a quick question about how to get the contracts i need.Today i tried to get a lease option agreement template from a few sites like legalforms, rocketlawyer, and lawdepot.
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25 September 2016 | 1 reply
It's bordered on 3 sides by SF communities that are selling out quickly.
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25 September 2016 | 6 replies
@Luis Garcia Time is not on your side so act very quickly.
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6 October 2016 | 4 replies
Here are two:Multi-Family Millions - Dave Lindahl is a classic in the field.The Competitive Guide to Buying Apartment Buildings by Steve Berges
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26 September 2016 | 5 replies
So use the rates you see published as a guide and then find a bank or mortgage broker to talk to about your individual situation to see what sort of rate you can qualify for.
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27 September 2016 | 4 replies
Search the forums to get a better idea of calculations to do a quick look and more thorough investigation if you like what you see.