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24 June 2024 | 3 replies
The below is the closing costs breakdown the lender has provided.
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29 June 2024 | 26 replies
I would not get an attorney involved unless you just want to prove a point. it will probably cost you a few thousand and I am sorry but the attorneys involved , your attorney and theirs will settle out of court.
28 June 2024 | 7 replies
In the end, there could be a cost to any way you sell the home, I would just look at all options to see what fits your needs the best.
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27 June 2024 | 0 replies
Property details are below.Property 1:Cash flow: -$730 / monthPrinicipal + Interest: $1,790 / monthEquity after sales costs: $110kExpected IRR of holding: 27%Property 2:Cash flow: -$200 / monthPrinicipal + Interest: $620 / monthEquity after sales costs: $20kExpected IRR of holding: 35%Property 3:Cash flow: -$310 / monthPrinicipal + Interest: $690 / monthEquity after sales costs: $45kExpected IRR of holding: 26%Property 4:Cash flow: -$500 / monthPrinicipal + Interest: $1,135 / monthEquity after sales costs: $45kExpected IRR of holding: 16%Property 5:Cash flow: -$600 / monthPrinicipal + Interest: $878 / monthEquity after sales costs: $40kExpected IRR of holding: 16%Total portfolio:Cash flow: -$2,340 / monthPrinicipal + Interest: $5,114 / monthEquity after sales costs: $260kExpected IRR of holding: 24%
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28 June 2024 | 10 replies
@Dan H.Most GP’s don’t allow it, especially for accredited investment offerings because the purchase must also be accreditedWe have a reg an offering and have a death and disability clause that gives an out and have had one case where this occurred at of 700+ investors.As someone else mentioned, you would essentially be setting up an exchange which would require finra licensing and the licensing costs alone would make it cost prohibitive
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27 June 2024 | 17 replies
We usually cut a permanent dryer vent in the wall and use that to exhaust it to the outside (instead of hanging a hose out the window, yikes again).If you don't have forced air in a property (meaning if you have hot water radiators) a mini-split system is one of the most cost-effective ways to cool a house.
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28 June 2024 | 0 replies
Partner Driven financed the Linda Street deal using its own capital, covering the $200,000 purchase price and $34,000 in renovation costs.
28 June 2024 | 10 replies
Hi @Irving Rivera - I think the old saying that "You get what you pay for" holds true in real estate investing too.I think Chicago neighborhoods like Garfield Park are great IF you have the right team and MOST IMPORTANTLY THE RIGHT TEAM COSTS $$$.
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27 June 2024 | 6 replies
They won’t give me just a quote for what it would cost for the same work in the first estimate.Am I obligated to replace or repair the AC?
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27 June 2024 | 2 replies
Hands off ADU addition will cost significantly more than $100k.