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Results (10,000+)
Ezra Short Doing a Double Closing With a Realtor
6 October 2011 | 4 replies
Simple question to ask but you know all the details, and as of this morning when I checked my crystal ball was still not working so I only know you are having a double closing.
Shawn Nguyen My brother and I made almost $42,000 on first flip!
4 October 2011 | 15 replies
For instance, a home with an ARV of $100k or less, you need to be at the 65% minus repairs, a home with an exit such as yours of $475k can be as high as 77% IF it is an easy and quick flip, guideline should be set no more than 75%.For homes with longer rehab times and higher ARV's like $750k and up, you need to get the rule back down to the 65% mark again.Point being, the rule needs to adjust according to each property type, time factor, difficulty factor, etc.At 81% of ARV + you added in rpeairs on top of that (if that costs was $25k) then your "all0in cost to exit price was 86.5%Your $42k profit based on an estimated $411k cash investment gives you a cash on cash return of 10.2% (that is only half of the minimum I shoot for).
Anthony Henderson Essential for a successful Property Management Company
24 May 2012 | 13 replies
The company requires a commission of 1 months rent for finding and placing a qualified tenant and then negotiate a management fee of about 8%-10% depending on a few factors.
Elliot A How did you become knowledgeable in the construction/renovation aspect of flipping?
6 October 2011 | 8 replies
If you're financially liable for any delays, make the contractor responsible for past deadlines regardless of all factors.
Chuck B. Dear landlord pros... please evaluate my plan so far.
22 March 2012 | 22 replies
Since your house might be on a busy street, did you factor the 20 to 25% deduction in value, or if you are selling commercial did you factor the potential increase in value?
Mark M. Can Abandoned Property Removal Costs be deducted?
12 October 2011 | 5 replies
If the statutes do not address your question, then the case law very well may give you the answer.3) make sure any case law answer to your question applies in your jurisdiction.Note about jurisdiction:Jurisdiction means a certain geographical area (for this conversation anyway - there are times when jurisdiction doesn't refer to geography.)The size of the geographical area depends on a number of factors.
Bill Vaughan 80 unit apartment complex in Irving, TX in Commercial area
23 October 2011 | 2 replies
Bill too many factors would weigh into this.You are looking at hard money with very high carrying costs at 60% occupancy as a regular lender won't touch it.Too easy to go from 60% to 40% or lower and the new lender has a fresh foreclosure on their hands.Unless you pay cash you will need a HML or private money and will have to pay low to get it to cash flow until you can refi into a lower debt service once stabilized.Is this a local,regional,or national bank??
Kevin Cardinale "3 Hours Worth of Work for $10,000" am I doing something wrong here?
17 October 2011 | 20 replies
Like that aggressive Armando guy on flip this house who has 30 minute infomercials on Sunday mornings, opposite Meet the Press...
Luc M. FL SFH Inventory Being Held Back
22 November 2011 | 18 replies
The mechanism is tied to a couple key things, the main factor being reserve capital quotients, which is then tied into the market movement of lending as a whole.
Katie McCaskey Distance from first investment?
14 October 2011 | 7 replies
Either way, you can't run over there to fix a leak at 2 in the morning.