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14 February 2025 | 19 replies
I'm not going to through out names, but there are companies that only take $500 at closing from an agent.
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9 February 2025 | 3 replies
I have around 8k saved up and my goal by the end of the year is to close on my first rental property!
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8 February 2025 | 49 replies
First one we did closes in Feb and is sold to Toll Brothers..
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4 February 2025 | 10 replies
Quote from @Devin James: In one of our development projects, the City staff asked us to remove 40 units from our concept plan.This wasn’t requested by the City Commission at a formal hearing, it was the opinion of the staff.Our original concept already proposed fewer units than the current zoning would have allowed.Here’s what erasing 40 units means:- 40 fewer homes for buyers- Over $1M in lost profit for our team- Fewer tax dollars and impact fees that could’ve benefited the City’s infrastructure & servicesWe gotta get betterEveryone wants more affordable housing, but not everyone wants to do what it takes to achieve it we never listen to the recommending bodies. we move for city approvals and work closely. the other thing we do is keep going back to the same groups over and over and over and over every month on the same agenda and make very small reductions like 2% or 4% and that reduces and beats them down eventually they accept what you want. it's just before beating a dead horse. we keep tabling until they give us something we all agree on then we go to vote. in our city in columbus we have to get recommendations but that's our strategy. we used to come out as aggressive as possible. we typically study developments in the area and keep it very similar in terms of density. we have a track record of very controversial projects and litigation and not taking no as an answer. after a year of that haha I can tell you it's not worth it. now we are more relationship based and buying the right kinds of plots of land. if the numbers don't work on the front end don't do the development.
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12 February 2025 | 3 replies
@Chris Magistrado, I am going to echo Rick: without checking the math, it seems close to accurate, in the theoretical sense that A*B=C.Take what I have to say with a grain of salt because I am not a "full-time" flipper.
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24 January 2025 | 3 replies
You magically get the seller to cover every single closing cost (A $12k gift, or a trick to get you to buy their problem.).
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20 January 2025 | 62 replies
Originally posted by @Justen Rider:Mark Matos, you said you closed a loan with them but later said you canceled before closing because they tacked on tons of fees before closing.
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24 January 2025 | 0 replies
Purchase price: $275,000 Cash invested: $275,000About this homeBeautiful 2 bedrooms 1 bathroom condo in the convenient location of Rowland Heights, close to bus stop, supermarket, schools, shopping centers etc. newer counter top in kitchen and bathroom. 2 parking spaces and storage room.
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21 January 2025 | 11 replies
Several ways to skin that cat ;) With the DSCR lender, you could close directly in your LLC and it would not report to credit.
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23 January 2025 | 7 replies
I have some of the required funds in a HYSA, but will most likely need to draw from another account and I'm curious which method is the most efficient in terms of taxes/capital gains, penalties, loan repayments, etc.Based on my previous transactions in the market, I estimate ~$45k cash to close: $20k for the down payment, $15k for closing costs and prepaids, and $10k of starting reserves.