
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!

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.

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.

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.

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.

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.

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?

22 July 2024 | 17 replies
You may be able to do a blanket loan as well to save on closing costs.

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 $.

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.