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

8 April 2024 | 51 replies
The best comps are: - sales in the last 6 months (last 3 months is optimal)- within 5 miles- same bed/bath count- similar square footage-similar condition (new build, recent rehab, average, good, etc)This is what your lender/appraiser will mainly look at when determining the property's value.

7 April 2024 | 16 replies
Obviously there will be other items that come up but it's a good outline to start.AddressPurchase PriceDown Payment (20% if HM)Loan AmountRehab Cost Est Interest Rate# Holding Months Homeowner's Insurance PolicyOrigination FeeDocument FeeHOA Fee if applicableProperty TaxesTitle - Lender Title InsuranceTitle - Owner's Title InsuranceTitle - Binder Fee - Buy SideTitle - Binder Fee - Sell SideTitle Messenger FeesRecording Grant Deed - Buy SideRecording Trust Deed - Buy SideRecording Fee - Sell SideStatement Fee - Sell SideEscrow Fee - Buy SideEscrow Fee - Sell SideSub Escrow Fee - Buy SideSub Escrow Fee - Sell SideLoan Doc Signing ServiceMonthly Int Only PaymentNHD Report $99Utilities (Electric, water etc)Owner's Title InsuranceTransfer Tax - Sell SideHOA Docs Order if applicableHome Warranty $500Agent Commissions (4-5% of sale price)Wire Fee $25 per wireFiled Articles of Incorp for LLC (if creating a new LLC)ARV #Minus Down Payment Back (20% if HM)Minus Rehab CostMinus Holding Costs, HM FeesMinus Realtor Commissions (4-5%)Net Profit

6 April 2024 | 2 replies
If you pay your contractors before work is complete then yes you are paying out of pocket hoping the lender agrees.

6 April 2024 | 1 reply
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

6 April 2024 | 19 replies
@Indrani PeytonRun away- no legitimate lender would give someone a $400k loan on $27k a year

4 April 2024 | 1 reply
this is me and my partners 1st deal we got 14 days to find a buyer/ or find another exit strategy.My question is, how can me and my partner work with a private lender to get this deal closed if our buyers we made contact with are not serious about closing but we know there is money to be made in the deal!?

6 April 2024 | 1 reply
Find a local, trusted lender and get set up.

5 April 2024 | 5 replies
Banks and alternative lenders (non bank) are a possibility.

6 April 2024 | 3 replies
You can attend the monthly REIA meetups, some meetings are hit or miss but it’s a good place to find fellow investors, lenders, wholesalers etc.