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6 August 2024 | 4 replies
I have about $150k cash on hand as well as I am planning to get a construction loan to cover the remaining cost of a duplex.
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6 August 2024 | 0 replies
Property 1:Purchase price - $73,000Mortgage - NONE (Paid Cash)Monthly Rent - $875Monthly Profit - $580Property 2:Purchase price - $65,000Mortgage - NONE (Paid Cash)Monthly Rent - $950Monthly Profit - $750Property 3:Purchase Price - $107,500Mortgage - $80,625 Monthly Rent - $1300Monthly Profit - $435Current Cash Available - $110,000Current Available Equity - $96,500 Cumulative Total - $206,500The available equity was a HELOC loan that was given at 70% LTV so those are real numbers, they would be from property 1 and property 2.The reason im typing this is because I would like to know if there were any builders that could give a rough estimate of building cost per square foot in Kansas City area or suburbs.
8 August 2024 | 11 replies
Maryland Dept of Health placed a lien on the property in 2018 for the costs of the care, totaling about $90K.
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6 August 2024 | 32 replies
This also gives the consumer access to the Real Estate Guarantee Fund.Anyone who participates ethically in the business will simply get a license and business will operate as usual.
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8 August 2024 | 6 replies
The total cost for the renovation was $96,000.
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7 August 2024 | 3 replies
There are 100's of real estate podcasts out there and honestly I have found many that are better than BP as they have people who have been in real estate and business for a very long time and could run circles around some of the hosts.
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7 August 2024 | 7 replies
Three units to maintain.Although I need to do the math, scenario 1 strikes me as more economical as there are shared costs gained with a multifamily property.
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4 August 2024 | 7 replies
I’ll be very upfront and honest- I have about $20,000 saved for a down-payment/closing costs.
6 August 2024 | 1 reply
Ultimately, the property is part of a business, I am trying to get creative so i don't have to purchase it all at once.Thoughts?
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6 August 2024 | 1 reply
Since this is an FHA Streamline, there is no appraisal, no income verification, no employment verification, no out-of-pocket costs, and nothing rolled into the new loan.