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Results (10,000+)
Ian Jimeno Duplex to Quadplex? Construction Loan Questions
20 July 2024 | 4 replies
Hi Ian,The best way to get this done is to refinance into a hard money rehab/construction loan.Not sure how much equity you have in the house but the ratio would be as following.75-80% * (Value of home+Cost of build/rehab) = Total Loan AmountWe would payoff the initial note (+ closing costs if loan amount exceeds construction budget & payoff), the rest would be in an escrow account for you to draw from as you complete your project.I would love to connect and discuss further on the details of this scenario!
Andrew Lax Trying to be creative
20 July 2024 | 10 replies
In addition I have yet to encounter a seller cost of value add being as high as my conservative cost Projection for the value add.
Mike Romano VA loan Offer
20 July 2024 | 6 replies
They're offering the full asking price with a $1k escrow deposit, and they're also requesting $10k for closing costs.
Kyler B. AI Finds 1,000s of Physically Distressed Homes
20 July 2024 | 13 replies
AI can do driving for dollars and it's 102.3X - 300X more efficient than manually or virtually driving for dollars... follow the math below:The major difference between manually (or virtually) driving for dollars, and using AI, is the efficiency and cost savings.
John Kim Converting my Primary into a Rental and managing remotely
19 July 2024 | 6 replies
By assembling a strong team, including a property manager, maintenance professionals, and legal support, you can effectively manage your property remotely and focus on building equity and future investment opportunities.
Mike H. Do any agents or builders selling new construction STRs include proformas?
21 July 2024 | 9 replies
And then I'm keeping the smaller ones and doing some bigger ones (3bedroom 2,000 to 2,400 sq ft) that will remain as holds.Keep in mind that as a builder my cost basis is better than people paying retail. 
Chris Gottshall 1031 Worth It? Suspended Losses Exceed Cap Gain
18 July 2024 | 9 replies
It sounds like you're saying it could effectively be offset by that.**= Again, confirm with your CPA what your specific bill would be.But, for rough math / estimation's sake, it sounds like a "probably" - is that a fair takeaway?
Eric Wong Is it possible to cash out refinance free and clear investment properties?
22 July 2024 | 17 replies
You may be able to do a blanket loan as well to save on closing costs.
Sarah DeMamiel $400,000 To flip or to brrrr? Or both?
21 July 2024 | 64 replies
Reality is you won't learn to flip yourself without making some pretty big mistakes, mistakes that cost $, maybe all you're $.
Anthony Jacques How to Start Investing when already using VA loan
20 July 2024 | 11 replies
Now in this scenario I may have maybe $10K to $20K for both a down payment (on an actual rental property which I will rent out) and repair/CapEx/Vacancy costs.