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16 October 2024 | 10 replies
. $70k is quite a lot where things could go bad imo.But to comment on the other thing:> on the first - maybe. it does seem like you have good experience. but your numbers on it as a BRRRR are overly optimistic. you'll have to pay points at closing for the loan; you'll have holding costs while you rehab; it's difficult to get an 80% refinance; and refinances aren't free either. so you've left tens of thousands of dollars in costs out.So, we have already talked with the hard-money/bridge lender about all associated fees (1.5% origination, $2500 closing), they are included above.
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11 October 2024 | 4 replies
For more in-depth economic and housing data, the National Association of Realtors (NAR) and U.S.
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9 October 2024 | 9 replies
Anything similar to a NYC subway station at 100 degrees or in the tornado zone makes me question the requestor.But this is a good question.
18 October 2024 | 34 replies
I use this to illustrate or emphasize that leverage and associated risk is often times more tied to the collateral than your personal income/liquidity.
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11 October 2024 | 41 replies
However, both associations have a 30-day minimum for all lease agreements.Unfortunately, the bad news is that there really aren't any other buildings that I know of where the association allows short-term leases.
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17 October 2024 | 47 replies
Util they in the last 2 weeks got us figured out and helped I had varying degrees of being blocked.I'm using creativereireply.com a new super set of reireply.com.
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11 October 2024 | 2 replies
If the tenant was in the rental more than one year the painting is generally considered normal wear and tear.I would also review state and local laws as well as any home owner association rules that apply.
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14 October 2024 | 14 replies
Look at property values, trends, and neighborhoods to identify opportunities.5) Create a Budget: Determine how much you can invest, considering all associated costs like down payments, closing costs, and maintenance.6) Build a Network: Connect with real estate agents, investors, lenders, and other professionals.
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11 October 2024 | 7 replies
Objective: To find the relevant county and Parcel Number (Parcel ID) associated with the property.2.
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11 October 2024 | 4 replies
But if “by doing” he means investing without first having the knowledge to KNOW the risks, EVALUATE the risks (and potential rewards) and to TAKE ACTION to reduce the risks then the cost of this learn by doing education is probably going to be significantly more expensive than a degree in real estate from MIT, let alone reading the\ree or four texts on your own.