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12 September 2017 | 4 replies
Motivated seller selling me a 3/2 SFR but not sure what strategy to use.Property Details:Written Appraised Value - 134KPurchase Price - 90KRehab - 15KRent - 1,250/mthTax Rate - 2.54%Strategy 1:20-year mortgage, 4.63% interest, 20% downPurchase, rehab out of pocket, rent it, pay off the mortgage FASTER but collect LESS passive income.Strategy 2:30-year mortgage, 4.75% interest, 20% downPurchase, rehab out of pocket, rent it, pay off the mortgage SLOWER but collect MORE passive income.Strategy 3:25-year, 4.125% interest, 45% downAssume the current mortgage and pay the owner their profit of 40K.
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11 September 2017 | 0 replies
In the past 5 years, I have rehabbed and rented 5 units in an up and coming area of Cleveland.
24 September 2017 | 16 replies
Hey BP,I'm looking for funds to finish my rehab project and someone told me about Sprout Financial unsecured line credit?
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11 September 2017 | 6 replies
It went so well we are doing it again this week, but it got me wondering, what are your favorite and most profitable ways to fix up a property WITHOUT using carpet and paint rehab fix ups.
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11 September 2017 | 0 replies
So I've been doing some driving for dollars, and after looking up the property tax records with the county to get addresses, I noticed that two of the properties owners are Trusts.
13 September 2017 | 6 replies
The filings give the names and addresses of the person who dies and the person who is the estate'e administrator.
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12 September 2017 | 2 replies
On their website it states regarding rehabs that projects that will require to comply with IZ are:rehabilitation projects that are expanding an existing building by 50 percent or more and adding10 or more units.Just reading this, its unclear whether you have to have affordable units only if you expand a building by 50% or if you expand a building by 50% and in doing so add 10 or more units.
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18 September 2017 | 5 replies
For a all of the before, rehab and complete images along with the nitty gritty details, I actually kept a weekly blog here on BP you can check out here: https://www.biggerpockets.com/forums/67/topics/442...Any other questions, please feel free to send at any time.
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12 September 2017 | 4 replies
After an application is received (which is after more rounds of pre-screening) I'd look into something like a deeper check into credit and address history as mentioned above @Carrie Albertson.
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16 September 2017 | 1 reply
Assisting the Commonwealth of Puerto Rico and local governments in re-allocating existing federal resources toward disaster relief – HUD's Community Development Block Grant (CDBG) and HOME programs give the State and communities the flexibility to redirect millions of dollars in annual formula funding to address critical needs, including housing and services for disaster victims.