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7 August 2024 | 0 replies
Purchase price: $90,000 Cash invested: $24,000 I took a chance on a town that most people overlook and this property has been profitable since day 1!!
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7 August 2024 | 0 replies
Purchase price: $575,000 Cash invested: $60,000 2 unit investment that has a 3 bedroom and a 2 bedroom.
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5 August 2024 | 5 replies
How would you structure a deal so that the private money could cover the down payment and fund the rehab in order to minimize money out of your pocket and being able to pay the private lender off when you refinance?
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7 August 2024 | 11 replies
If you have cash, maybe you can even partner with them and learn at the same time.And, lastly, a lot of real estate agents, but not all, have dabbled in real estate investing.
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7 August 2024 | 1 reply
Purchase price: $82,000 Cash invested: $8,000 Sale price: $163,500 Remodeled my first flip TWICE before selling...double the experience and lessons learned!
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7 August 2024 | 3 replies
REIA meetings, meetups, calling the "handyman special" signs, calling the "we buy ugly houses" or the "we pay cash" billboards and signs.
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6 August 2024 | 0 replies
Property 1:Purchase price - $73,000Mortgage - NONE (Paid Cash)Monthly Rent - $875Monthly Profit - $580Property 2:Purchase price - $65,000Mortgage - NONE (Paid Cash)Monthly Rent - $950Monthly Profit - $750Property 3:Purchase Price - $107,500Mortgage - $80,625 Monthly Rent - $1300Monthly Profit - $435Current Cash Available - $110,000Current Available Equity - $96,500 Cumulative Total - $206,500The available equity was a HELOC loan that was given at 70% LTV so those are real numbers, they would be from property 1 and property 2.The reason im typing this is because I would like to know if there were any builders that could give a rough estimate of building cost per square foot in Kansas City area or suburbs.
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6 August 2024 | 5 replies
Not all properties will cash flow, especially in some areas.
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7 August 2024 | 6 replies
That way you can pay back the line of credit and reuse it. 18 months seems like awhile but anything can happen in that span of timeI do have some cashes around 60k just for protection.
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5 August 2024 | 21 replies
We have approximately $150k liquid cash ready to go and can likely gain more capital in a fairly quick manner.