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23 October 2020 | 6 replies
Can 8 save the analysis before finish it?
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23 October 2020 | 7 replies
Currently finishing up my masters online and closing on my first property as well.
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23 October 2020 | 4 replies
In my area, 200-250k would get you a nice new or new(er) construction home in the 'burbs with high end finishes.
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22 October 2020 | 6 replies
For example, say the contractor tells you it will take six weeks to finish the job.
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25 October 2020 | 14 replies
I only included what you provided and came up with about 27k in profit, but please note the assumptions:$0 hold costs (taxes, insurance)$225 for title insurance5.5% loan interest6 month duration from acquisition to dispositionNeeding another 9-10k in capital to fully fund the project from start to finish (cost to borrow rounded up to 1k)Profit sensitivity analysis is below.
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22 October 2020 | 26 replies
He needed the money to push work on a 14 unit apartment building which is almost done and was supposed to be refinanced to finish the fix with the new construction loan and also he was to pay me back from that refi.
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23 October 2020 | 4 replies
I have just finished up college so I have limited cash compared to many other investors as well as a lot less experience.
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23 October 2020 | 53 replies
The whole inventory issue is not a result of any 1 or 2 issues, it's a culmination of the "Perfect Storm" of factors all cooking together to not only make an inventory shortage, but an enduring inventory shortage that currently we are looking at about a decade out to achieve parity (supply meeting demand) and that hinges on some "if" factors itself, namely skilled labor supply improving greatly.
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21 October 2020 | 13 replies
According to the agent, they were supposed to be finished with this flip but then covid hit and really messed them up with the contractors not being able to work and such.So the house is gutted, all new subfloors and its about 90% framed.
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22 October 2020 | 12 replies
After the window replacement, some cosmetic work, leveling, and rewiring the house will be livable and ready to rent.My question is after I finish establishing the new LLC and have the property transferred to it, how do I apply for a line of credit to afford all the work to be done?