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3 January 2025 | 12 replies
First, estimate what the renovation would cost, how long it would take, and how much extra you could potentially sell the property for once it’s fixed up.
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5 January 2025 | 7 replies
I ASSUME you’re talking $400+ in extra expenses for providing water, power, sewer, gas, internet, communal area cleaning, and exterior maintenance.
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9 January 2025 | 15 replies
If you don't need the extra money at closing and just want to pay off your current loan in hopes of a better rate, you could consider a rate term refi instead.
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2 January 2025 | 6 replies
I've tried the lower 6-7% PMs and usually you'll either pay mark ups on repairs (what you've noted) or pay extra fees (i.e. labor hours, extra calls) that you may or may not notice.
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7 January 2025 | 12 replies
Home mortgage is $3700/month and $500/month extra payment towards the principal.
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26 December 2024 | 4 replies
The home would be about 6 weeks for my team customarily but the outside is large so 2 extra weeks to be safe.
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9 January 2025 | 9 replies
100% financing, no payments, financing in extra "cash out" money upfront so you can do a rate/term refi once you pay them off...
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6 January 2025 | 38 replies
(Unfortunately, the investor fell for this gimmick and did NOT get their own 3rd party inspections, appraisals or even visit the properties they were buying, against our best efforts to encourage proper due diligence and follow our check list for their own protection.)So now some people are stuck with properties worth half what they paid (not all RWN members), with no renovation done, and constant repairs and vacancies.
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23 January 2025 | 31 replies
Using a family address could expose you to unnecessary risks in the event of any legal or financial issues related to the business.Additionally, these virtual offices often provide extra services like mail and package handling, telephone answering services, and access to meeting rooms, making them a more professional and practical solution.
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3 January 2025 | 10 replies
I just wondered if working with one of these mentor groups would add an extra layer of expertise, or if it wasn't worth the hassle.