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13 November 2016 | 7 replies
I'm still in preliminary talks with seller and I plan to hash out the finer points with my CPA and attorney.
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8 November 2016 | 2 replies
You you can ask the title company to do a preliminary title search.
3 January 2018 | 8 replies
Happy to flush through a lot of these preliminary considerations if you'd like to chat!
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27 September 2021 | 5 replies
I have begun some of the preliminary processes of winding down my involvement in things in the Kentucky area and have begun to apply to jobs in the Denver Metro area.
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7 November 2012 | 2 replies
Preliminary projected numbers: Purchase price: $80,000 Loan amount: $77,200P&I: $325Rent: $750NOI: $4500New furnace: ~ $5000New paint: ~ $2000Cash on cash: 6%The repairs kill my initial return but this will be my primary residence for at least a year; am curious if this skews the investment potential in a way I'm not considering.
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12 November 2012 | 9 replies
1st off...If yo haven't done a sandwich LO before, I would highly recommend starting off with the assignment LO, or sometimes referred to as the Cooperative Assignment.You work with the owner to set the numbers, including the option price, rent and rent credit.When I send preliminary figures to the owner, I know that those are very likely the figures we are going with.
9 November 2012 | 9 replies
I'm thinking of the private lender that, to save money, just reviews the preliminary title report and skips title insurance.
20 October 2017 | 19 replies
Is preliminary title work enough to close on?
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5 February 2014 | 5 replies
Check those out for some preliminary information and feel free to reach out to me with any specific questions you might have.
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30 December 2021 | 5 replies
Preliminary history: Land originally bought vacant and with no entitlements for $1,500,000 (free and clear).Entitlement planning costs: $250,000Construction Documents costs: $350,000Total All-In Expenditures so far: $2,100,000 (land + soft costs) After obtaining entitlements and general market appreciation, the value of land is indicated at roughly $2,500,000Basic Rough Math (not actual numbers): Cost of Construction: $10,000,000Market Cost of Land (free and clear): $2,500,000Total Project Cost: $12,500,000Financing Needed: $10,000,000 (assume all FFE, interest reserves, contingencies, hard costs, etc. are included)Financing Assumptions: Loan to Cost: 85% (SBA)Maximum LTC Loan Amount: .85*$12,500,000 = $10,625,000Equity Required: 15% = .15*$12,500,000 = $1,875,000 (Equity in land exceeds this)Actual LTC = $10,000,000/$12,500,000 = 80% Based on early conversations with a lender, they indicated a cash injection would still be required.