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19 November 2017 | 9 replies
Probably a wholesaler looking to sell to you, why not pick up the phone and speak to them?
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5 January 2018 | 2 replies
I'm wondering if there are any meetings on the weekends in the Tucson area, any time works, so I can meet, discuss, pick some brains and maybe play this cashflow game I've heard so much about.
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9 March 2018 | 9 replies
Before consulting with a lawyer, I wanted to pick the brains of this community :-) I want to do this by the book so I'll have a clear case if/when we end up in court.
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27 November 2017 | 13 replies
Reserve means nothing unless you are the only bidder.Work backwards: 230K retail5% hammer fee+$690 technology fee1% closing cost, you still need a realtor to administer the contract.Renovation: A simple paint job on a modest SFH will eat your $5K.
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16 November 2017 | 2 replies
It might not be that simple depending on the context of the neighborhood, and your neighbors.
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17 November 2017 | 2 replies
You can cherry pick who you want to reach out to.REIAs are another great place to find realtors, lenders, contractors, other investors, etc.Best of luck to you!
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19 November 2017 | 4 replies
Just keep it simple
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18 November 2017 | 21 replies
In fact, throughout the Denver Metro area I could pick out 5 - 10 submarkets / neighborhoods / pockets of commercial space completely revitalized by the industry.
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17 November 2017 | 5 replies
I don't know if these are the state laws or if these are lender specific policies.Important to mention, the properties that I want to buy are in TX and I do not own these properties yet.I though it would be pretty simple for a lender to tell me what my refinance options (and costs) are if I tell them the value of the property, how much equity I currently have in it (100%) and my credit score.Am I approaching this the wrong way?
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3 July 2018 | 31 replies
You can also call local small and midsize GC's for their budget guidance on hard costs.You can do a very simple proforma as follows:Revenue from salesLess Broker fees for condo sales, closing costs for unit sales, warranty costs for units salesLand, closing costs for land, broker fees for landSoft costs, architecture, civil eng, MEP/S engineering, soils report, Phase 1 if needed, developer insurance, prop. taxes during const., marketing, subdivision costs, HOA formation and reservesHard costs - GC contract costs, overhead, profit, insuranceDevelopment impact fees, permit fees, school fees, park fees, etc.Loan costs for const. loan, interest carry, loan fees, appraisal costs, lender legal, funds controlDeveloper feeEquals (what's left) - developer profit, normally shared between equity investor and developer. 6.