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19 December 2024 | 13 replies
Will they have trouble making the payments to you while also having enough money to keep up with the maintenance and repairs/ tenant issues/ all the expenses involved with owning the property?
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19 December 2024 | 10 replies
Have you assessed how some of the repairs will be funded?
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20 December 2024 | 7 replies
A turnkey property is already renovated and ready to rent, so you don’t have to worry about repairs and can start earning right away.
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18 December 2024 | 4 replies
,Buying, renovating, and selling is a great strategy, but here are a few things to consider:Start with the Numbers: Make sure you know your ARV (After Repair Value) and work backward to calculate your budget, including purchase, renovation, holding, and selling costs.Financing Blindspots: Even if you’re buying in cash, plan for potential delays or overruns in renovation costs.
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23 December 2024 | 24 replies
Last, you can do an unlimited amount of repairs to a home using a 203k renovation loan (up to the FHA loan limit), including knocking down the house and building a new home!
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21 December 2024 | 7 replies
So I’d like my property to be close because until I grow I will be doing any repairs and updating.
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20 December 2024 | 14 replies
What is the loan-to-value (LTV) or after-repair value (ARV) ratio that you offer?
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19 December 2024 | 1 reply
Cash invested: $80,000 Acquired this property Sub-to as a quick flip with minimal repairs required.
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17 December 2024 | 17 replies
Yes, estimated about $30-35K in repairs and negotiated that into the purchase price as best as I could.
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19 December 2024 | 5 replies
First you need to learn to separate the following:Maintenance: usually things related to wear & tear or tenant damage.Repairs: usually broken items like doors & windows, caused by tenant or nature.Capital Improvements: usually expensive things that wear out: hot water tanks, furnaces, roofs, etc.The seller is correct that Repairs & Capital Improvement items should not be a factor for awhile (ALWAYS get your own inspection to confirm).