Zach Rumfield
Wholesaling Contracts and Driving For Dollars???
25 October 2024 | 11 replies
These may be the easiest because if they are new constructions or full gut rehabs, you can see what the final product value is, and what these developers are buying at.It would be a good skillset to have to actually understand renovation and build cost.
Jorge Esteban Vargas
Everything Has Gone Wrong - Should we cut losses?
25 October 2024 | 14 replies
We paid this guy $12,000 in August and he was able to do some demolition but according to him, his crew got arrested and he had other projects at the same time and he took about 2 months to finally reply to us and tell us he would finish the demolition and install a new roof (which was the quote he gave us for those 2 things).
Hayden Duer
10-unit Multifamily Deal
24 October 2024 | 1 reply
When negotiating, did the renovation credits decrease your final purchase price and your monthly payment terms?
Rita Samaddar
Review of Open Spaces Women Portfolio Program - 3 mnth Cohort Prg
27 October 2024 | 25 replies
Finally, the views shared here are all from my experience.
Cory M.
New Out of Area Investor
24 October 2024 | 16 replies
I figured I should finally introduce myself.I'm new to real estate but not to investing in general.
Stetson Coursey
Looking for direction on how to start
25 October 2024 | 5 replies
Finally, obtain a professional appraisal post-renovation to accurately determine the new value of your home.
Michelle Martin
Question about eviction process in Chicago
25 October 2024 | 18 replies
She was finally served the court notice after several failed attempts.
Joseph Fenner
How do I buy 10 rental properties in 1 year?
30 October 2024 | 94 replies
You can also look at creative financing/subto or owner finance as an option and finally there are DSCR options that will allow you to go up to 85% of purchase (but there is a fairly severe interest rate penalty), so I'd recommend staying in the 70-80% range.
Tasha Smith
Private Money lender - potential costs/fees?
24 October 2024 | 5 replies
.- Closing Costs: This can include various fees related to finalizing the loan, such as recording fees and settlement costs.Inspection Fees: If required, this ensures the property is in good condition before purchase.It’s a good idea to discuss these potential costs with your lender upfront to get a clearer picture of what to expect.
David Taylor
Wholesale or Bust
25 October 2024 | 10 replies
Well, if I'm buying to flip and it's going to cost me 3-5 months of time, effort, holding costs, risk, etc, and I'm only going to make $30k off the final sale then it serves to reason that the wholesaler would make less because they have less skin in the game.