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10 September 2013 | 2 replies
Or better to set a LLC, purchase US property in the US and then resell abroad?
9 October 2016 | 4 replies
While it is possible to find some opportunities to buy, fix up and resell in our local market.
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13 September 2015 | 7 replies
They tend to resell their loans.
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18 December 2015 | 0 replies
Resell of the new construction is 700.
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14 April 2013 | 3 replies
Lease it out or re-sell it?
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8 May 2013 | 11 replies
Then you resell it to this risky buyer?
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13 January 2013 | 3 replies
I don't want to be insulting someone I'm looking to get funding from but I don't want to give away more than I need to either.Multifamily with 32 units that needs 200K in repairs (drywall & septic system)Asking price was 650KPurchase price of 600KOwner will take 300K cash and carry 300K at 5% for 6 months/ 6% for 6 months and 7% for 6 months unless we pay off soonerProperty repairs are 125K-200K - Septic has frightened other potential buyers, my partner has worked with this extensively for 20+ years and we have engineered plans for repair blessed by local health dept and a couple of bids from local contractors who know the property/areaMajor cost is bringing units up to fire code for 1970 when they were built but no fire rating was installed between the units (currently 1/4" paneling, 2x4 studs and another piece of paneling)ARV would be 1,300,000 - 1,400,000 @ 8.5-9% CAP (even though most recent comps coming in at 70K per door average, this is further from the college and age/condition just don't see this one reselling at over $2MSo if we flip at 90% of ARV based on the caps1,170,000 Sales price 600,000 Initial purchase 200,000 repair 30,000 carrying costs until cash flowing again 340,000 equity available to share with cash investor as well some additional land that won't be sold off with the building at that time.NOI would be 9,998/month so 1.98 DCR if we were to refi on $850K after the repairs if we were to hold it long term which would give me $4,800/month cash flow to pay something back on the use of the money Suggestions on what I should be offering?
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25 August 2010 | 19 replies
Did you re-sell and make anything?
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24 February 2018 | 272 replies
@Mark Siegmund I know out in Arizona the Condo market is much better and they resell quickly very easy to rent etc...The market in the Cleveland area simply isn't like that.
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23 July 2020 | 34 replies
Convince grandma that she must sell me the property she owns free and clear for .20 on the dollar so she can buy grandpa his meds.If you buy the property and then re-sell it, more power to you.