
16 May 2016 | 1 reply
Assuming 6 months for the estimates bellow.Want to know if I am missing something ... advice welcomed.BTW - need hard money for this one if you have advice on this - welcome it is.Target purchase price: $230KARV: $360K (maybe a bit more)Acquisition estimate:Price: $230,000Closing cots (1%): $2,300My commission will be rolled into the deal (3%): -$6,900Total Acquisition cost: $225,500Repairs (it is a 3/2 with) 1488 sq ftKitchen Cabinets: $15,000Floors ( a descent ceramic): $4,000Painting and baseboard. $5,000 - inside + outsideWindows (10 windows): $10,000Light fixtures: $1,0002 baths (small baths): 6,000doors: 1 main door, 2 exterior doors and 5 interior doors: $2,000Driveway reseal, roof cleaning and elastomeric coating (flat concrete tile): $3,000garden and sprinklers (they appear to be OK but need minor tuneup): $3,000 - 8500 sq lot. mainly re-sod and some shrubs.a/c: $2,500Appliances: $3,000permits and inspections: $1,000we are looking for at 75 ARV hard money: $270KCarrying cost for 6 months: 13,500 at 10% interestUtilities for 6 months $1500.TOTAL COST: $294,400The sale:Expected sale price: $360,000 (on the lower end)Closing cost + commission: (5%) - i am the listing agent: $18000PROFIT: $46,100Inputs welcomed.Hard money lender welcomed.I have been a Broker for over 14 years, live in the neighborhood, know the market.

19 May 2016 | 17 replies
Do a google search for the property address and "foreclosure notice"; try to find a newspaper notice published with the sheriff's sale auction date.Starting from the first missed mortgage payment, the bank can start the foreclosure process.

31 January 2019 | 20 replies
Contractor replaced the bad subfloor and sistered the rotted beams in the wall.Many light fixtures were missing and we installed new ones ourselves.The water heater shorted out and blackened the inside foam pad.

1 June 2016 | 18 replies
.) - You're missing a lot of other number in your total projected profit number.

4 July 2016 | 10 replies
If you don't have the time to wait for a bank to process your loan and you'll miss your deal if you don't close quickly, a bank loan won't work.

16 May 2016 | 6 replies
The thing that people miss is that although having a debt free real estate portfolio would certainly be nice, the vast majority of large scale investors (yes even the millionaire ones), do not have debt free assets.

17 March 2018 | 2 replies
Question is: are there any other websites, normal local resources (other than other investors at a local REI club who do invest in that neighborhood) that I'm missing out on checking what the prevailing norm is in terms of which utilities tenants pay?

16 May 2016 | 4 replies
The lender I use has never had a delay in 30+ transactions and the only time they do have a delay is because the client hasn't provided the required info or they miss signing their CD 3-4 days before close.

16 May 2016 | 3 replies
Anything else I need to know or am missing?

16 May 2016 | 8 replies
(https://www.thelpa.com/) they can give all of the forms you may need along with state specifics for a yearly membership of $99. if you wanted to go beyond that to have an attorney look over the forms too, you could always so something like prepaid legal (under $20/mo) and have them look it over to verify your not missing anything... though I've never had any issues with their lease in court..