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20 April 2020 | 24 replies
So I'll base my opinion off your numbers.120k ARV using new LTV 65% for a standard as I have heard some lenders moving to 65%, so it is $78k for refinance.Loan on $78k @ 3.5% APR is ~$650 PITI for 30 years conventional, also used rather high insurance numbers here for a conservative estimate.You paid $19k cash with ~$35k rehab for ~$54k in total costs.Refinance of 78k - 54k cost = 24k cash out at refinance.
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22 May 2020 | 17 replies
Unless there is a reputable plumber that knows how to service the tankless you are considering then stick with the standard heaters.
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24 March 2020 | 5 replies
You should call as a prospective owner/customer and see what's standard in the marketplace.
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22 April 2020 | 13 replies
The market has shifted from the old "gold standard" of 70% of ARV minus rehab as a solid number for the investor/ buyer.
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24 March 2020 | 0 replies
This company pre-qualifies the buyer to ensure that everything is being done to Dodd-Frank standards.
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22 April 2020 | 11 replies
Hi Svetlana,There are rules governing the methods used to determine what is called in Appraiser land FMV - Fair Market Value.Appraisers have to follow the procedures in their manual USPAP (Uniform Standards of Professional Appraisal Practices) normally this leads to FMV being determined on appraisals of property sold in the past 6 months.
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24 March 2020 | 5 replies
There is no free content, just how to buy and download this survival kit.From what I could tell he’s selling how to manage cancellations, how to market going forward and how to clean in compliance of cdc standards and tells you where to find travelers (which fb groups they use).
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19 May 2020 | 21 replies
If the company is big enough to survive being closed and they’re important enough to rehire That would help.Assuming a standard 3x income rule they were making over $100k combined.
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30 March 2020 | 20 replies
You pay 7% to sell (commissions, closing costs, repairs)...down to $335,000If you're using HML...I'm guessing you're paying 1-2% in points, lender's title policy, prepaid interest other fees, plus standard closing costs.