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11 November 2024 | 6 replies
They provide free estimates and work with your accountant.
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11 November 2024 | 6 replies
Priced too high, rehab estimates too low, and they don't factor in the cost of selling (commissions and closing costs).
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11 November 2024 | 9 replies
I would run a cost estimate if you haven't.
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11 November 2024 | 16 replies
You need options coming into the net from a few different sources.2) You need a panel of analysts.
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11 November 2024 | 13 replies
Here are the numbers I know so far:Rents4 units all currently occupied on one year leases- #1: 1/1 $995 monthly- #2: 1/1 $995 monthly- #3: 1/1 $995 monthly- #4: 2/1 $1,100 monthly- Gross rents: $4,085 monthlyExpenses- $12,070 taxes annually- $350 monthly insurance (my estimate, they have liability only right now)- $175 monthly landscaping- $120 water (electrical on separate meters, tenant pays)- Total expenses: $1,651 monthlyNOI around $2,434 before vacancy, maintenance, and management (although i would likely self-manage these)Property needs about $50K in other repairs and udpates from what I can see.
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20 November 2024 | 45 replies
I am not going to say there is a best lending model, but brokers legally can not be paid as much as IMB's, and I tend to be cheaper in more situation than not when comparing a loan estimate from an actual lender.
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12 November 2024 | 17 replies
It's oversaturated with crappy wholesalers who don't know ARV and can't estimate repairs costs.
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12 November 2024 | 17 replies
The estimated cost to finish the basement is around $25,000, with an additional $24,000 needed to complete the rest of the property.
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11 November 2024 | 22 replies
Without a contract in place, and with no prices being quoted, or estimates made beforehand, we have what’s essentially an after the fact negotiation.