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19 July 2024 | 25 replies
We are working on getting our finances set up in it so we can switch over completely in 2020.
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20 July 2024 | 10 replies
I would also research closing cost and down payment assistance options, the more equity in the house you want to purchase, the more likely the bank is to approve you.
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19 July 2024 | 2 replies
Do I include closing costs even if those included several months HOA fees in advance and same for taxes?
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19 July 2024 | 6 replies
There are lots of scenarios where you can lose money at a foreclosure auction - usually because the sale price plus rehab and future sale costs are driven above the after repair value.
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17 July 2024 | 0 replies
Hello everyone!I'm trying to see if building a new contruction 2-4 unit makes since in volusia county(northern orlando)I've only done traditional rentals with traditional financing.What range of per sq ft am I looking...
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19 July 2024 | 10 replies
100 year old and if you think $50k will get work done, double that cost.
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18 July 2024 | 8 replies
You can look into the BiggerPockets-affiliated software for landlords here in the Tools section.Another option could be a local Realtor who either works a ton of rentals or does a lot of business in North Austin.The software route may still require involvement on your end i.e. setup, communication, document review, etc.
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19 July 2024 | 4 replies
That $15K would have to be enough for either a 3.5% down payment using FHA for example and lean heavy on the seller for a Seller concession (Seller credit) which goes towards closing costs.
19 July 2024 | 4 replies
I'm currently looking into the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) and need some advice on structuring a deal for a house that's in foreclosure.Here's a brief overview of my situation:Property Value: According to Zillow, the house is worth $649,500.Current Loan Amount: $470,000, which is the current market value without any repairs.Funding: I'm looking for a hard money lender to cover 100% of the purchase cost and rehab cost.Tenants: I already have tenants in place.I'm working on getting the exact numbers for the rehab costs, but I would appreciate any advice on how to structure this deal effectively.
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19 July 2024 | 6 replies
This can be very expensive and is usually the worst choice because you can't justify the cost.2.