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1 March 2024 | 8 replies
For this example we will use 70% For this formula you will need to know the following:ARV=After Repair Value ( How much will the house will sell for after making all the repairs needed)Repair Estimate - (Send me a message and I can send you a list I got from my mentorship class for ball park estimates based on square footage and depending if you need cosmetic repairs, avarage repairs or Extreme repairs)Your Assigment FeeARVx.70 - Repairs - Your Assignment FEE = Max OfferExample$200,000 x .70 = $140,000 - $30,000 (repairs) - $10,000 (your profit) = $100,000 (offer)Your potential profit is $10,000 I hope this formula helps you make offers that will make sense for all involved in the transaction.Happy Wholesaling,Lily Rodriguez - Investor friendly Broker
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1 March 2024 | 3 replies
I can see why some lenders wouldn't like it since it would cut them out of a deal, but I would guess this is a very niche market based on downpayment size to make up the difference.
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1 March 2024 | 5 replies
If the property has publicly serviced sewer, which is most times billed based on the number of gallons of water used, by using sub meters, we now have the information we need to pass along the sewage charges.
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1 March 2024 | 5 replies
I am not endorsing him but for thirty bucks and a quick read do that before you shell out tens of thousands for an asset protection advisor or some other fear based sales pitch.
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1 March 2024 | 19 replies
I don't even know if a Japanese resident can get a mortgage on a commercial property that's not based on his/her personal income as the value of the asset is at a high risk of depreciation and the LTV would increase over time and go over 100%.
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1 March 2024 | 2 replies
She can charge 0% interest but would still be responsible for taxes based on the government AFR rate which is around 4-5%So at $400k she would be responsible for $16-20k in taxesYou can have a title company originate the note and mortgageWe do this stuff all day long as investors (not attorneys) so happy to help
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1 March 2024 | 15 replies
Based on the research I've done, I believe we need a Bridge Loan.
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29 February 2024 | 6 replies
This perspective is quite common in the MF sector, especially where sales comparisons are largely based on the asset's condition and financial performance (NOI which leads to a cap rate).When comparing two properties with similar capital expenditure needs, the industry standard is to evaluate them based on a cap rate.
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1 March 2024 | 0 replies
I've been burned before so I'd rather walk away from a deal with a tenant like this, yet they seem like a very good candidate match based on their current portfolio.
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1 March 2024 | 3 replies
Notably, last year saw an unusual surge in October, which traditionally had been one of the slower months, often trailing only behind September.Seasonal Trends Based on Previous Years:January - Recognized as a mid-season period, January experiences a boost from holiday spending that extends into the first 10 days of the month.