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22 May 2024 | 0 replies
The median sale price has risen to $650,000, an 11.11% increase that reflects the undeniable allure of Palm Beach living.What's more, 48.8% of these sales were paid in cash—a clear sign of strong buyer confidence and a testament to the value of these homes.
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24 May 2024 | 6 replies
This house currently has no renter though they are actively looking to put one in the home.House 5. rents for $725/m the loan will cost me $13,000 as a down payment and $6,000 closing costs, and should cash flow approx $275/m after mortgage payment are made.House 6. rents for $725/m the loan will cost me $14,000 as a down payment and $6,000 closing costs, and should cash flow approx $250/m after mortgage payment are made.To be able to make this down payment I have the option to:HELOC my current home which cost me about $850/m in repayments OR I can find a hard money lender who would be interested in working with me, I am currently putting together a hard money lender proposal to show a couple family members that would basically look like this: No repayment in the first 12 months, all income going into an account to allow for repairs and emergencies, after that taking the cash flow and splitting it 75/25 to the lender paying it off in approximately 13 years, sooner if we can make extra payments on it and giving the lender an 8% return on his money(about .5% less than what I was quoted for my HELOC).ORI can potentially do a deal with my brother who is also looking to get into real estate and we split the properties 3 a piece.These properties are right outside of a military base in a low income city but have done well for the family currently owning them with consistent long term renters in them.I am looking for any advice as to whether or not this is a deal worth pursuing.
21 May 2024 | 8 replies
I would strongly recommend linking up with a real estate focused accountant to get that sorted out. best of luck!
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22 May 2024 | 5 replies
If you do reglaze, make sure they know not to use any strong tub cleaners and to rinse well!
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24 May 2024 | 36 replies
RL is your old school strong personality salesman.
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23 May 2024 | 1 reply
I am also concerned that at that point new HOA might have to raise the fees significantly or charge lumpsum to the condo owners based on something that might come up.
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25 May 2024 | 11 replies
I commonly keep 3 homes purchased, 1 in which we continuously are remodeling 2 in line for renovation.This 17 door possibility would be to renovate as tenants move-out type bases.
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25 May 2024 | 14 replies
I've worked on some preliminary underwriting analysis based on my land development research over the past few months.
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21 May 2024 | 10 replies
We could find nothing if we did not have a strong team on the ground to assist with number crunching puer investigation does not give you a real sense of what the situation is.
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23 May 2024 | 11 replies
I'm based in NYC and managing the MTR apartments remotely has not been a problem.