
9 December 2019 | 19 replies
There is a grocery store nearby, a Dollar General, and a couple restaurants and fast food places within 1/4 mile.In the area (the other side of the park) they are getting $750 for a 2/br single wide and it is common to see $200/$250 a month for lot rent.

7 January 2020 | 1 reply
Purchase price: $91,000 Cash invested: $45,000 This property was my first ever investment before the BRRRR strategy was so widely known.

29 December 2019 | 3 replies
I'm hoping this broader question yields some general principles that are widely applicable.

10 December 2019 | 12 replies
Very detailed description as to how things can work out when things go rightHowever, as a former soldier and one that has flipped scores of properties in Ft Hood, I have witness the struggle of soldiers when their rental properties have gone sideways.

5 July 2020 | 9 replies
My opinion is that you need to put your investment money into a wide variety of investments, real estate, stocks, bonds, etc.

18 December 2019 | 6 replies
Here is some information I received from a lender in NJ let me know if anyone has any other information:VA Renovation Talking PointsPrimary Residence Only – Purchase & Cash-Out RefinanceProperty Type Loan Amount Min Credit Score1 Max LTV/CLTVStandard1‐4 Units ≤ $453,100 Minimum credit score 600 Max LTV/CLTV 100%High Balance1 Unit $453,101 ‐ $1,000,000 Min credit score 620 Max LTV/CLTV 100%Super Max1 Unit $1,000,001 – 1,500,000 Min credit score 660 Max LTV/CLTV 100%Eligible Property Types 1‐unit attached and detached SFR, PUD 1‐unit VA‐approved condominiums¹ 2‐4 units 1‐unit (double‐wide) manufactured home –eligible forlimited renovation product only Modular homes¹ Site condominiums in MI are treated as SFR.VA Limited RenovationNo minimum repair amount and maximum repair amount $35,000.00 including all costs Repairs must start within 30 days and be completed within six (6) months Maximum of 2 draws (Initial and Final) with written approval from the borrower at each disbursement Initial disbursement to cover the lesser of material cost or 50% of bid Final inspection and title search required for final disbursement 10‐15% contingency required (15% required when any utility is non‐functioning) Properties that require the following work items are not eligible for financing under the Limited VA Renovation Program:o Major rehabilitation/remodeling, such as the relocation of a load‐bearing wall; o New construction (including room additions); o Repair of structural damage; o Repairs requiring detailed drawings or architectural exhibits; o Landscaping or similar site amenity improvements; o House is uninhabitable at close of escrow o Any repair or improvement requiring a work schedule longer than six (6) months CONTRACTORS MUST HAVE A VALID VA BUILDER ID VA Standard Renovation Minimum repair amount is $5,000; no maximum.

11 December 2019 | 2 replies
I'm seeing $750-1400/month on Zillow, that's a pretty wide range.CapEx and Repairs will probably be closer to 15% over time.I usually figure vacancy at 8%.

13 December 2019 | 1 reply
@Robert WhitfieldIn general, you could expect something around 80% of the unpaid balance or a a resale amount that provides a 12%-15% yield to the purchaser. however this will vary widely depending on many factors; Home value, loan terms, location, loan balance, loan term remaining, etc.For example, I purchased a 283k bank originated note in Salinas CA (this is very different when compared to an owner financed note) for 222k.

27 December 2019 | 16 replies
I bought a double wide in a lot in Keller for 40k cash I'm renting it for 1450 a month -560 for lot rent.

27 December 2019 | 6 replies
As I have researched what terms other people do (looking in these forums) and as I have talked to some other investors, I have seen a wide array of terms everyone likes to do on the private money notes.