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7 May 2024 | 11 replies
Only one has filled it out. is it too high?
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7 May 2024 | 34 replies
Writing the Contract:**It's highly advisable to consult with a real estate attorney who can draft a comprehensive contract that outlines all the terms and conditions of the seller financing arrangement.
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6 May 2024 | 27 replies
Go HIGH not low!!!!
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7 May 2024 | 0 replies
Exterior/Interior Paint, fixtures, etc.These buildings were constructed in the 1960s with steel pipes and much of the plumbing has been replaced as needed including new supply lines in the ground and new sewer pipes under the slabs.Ongoing maintenance costs have been pretty consistently high on this project, but the rise in rent over the holding time has been a saving grace.
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5 May 2024 | 5 replies
For a SFH, a cost segregation study will probably cost around $3,000 -$4,000 but that also depends on the type and quality of study you decide to get done.
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7 May 2024 | 5 replies
I’m worried that’s why he has it listed so high and it won’t appraise for what he asking ($289,900 fully furnished when comps are around $250-270) so he’s hoping a cash buyer will come along. 2.
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7 May 2024 | 9 replies
@Wes Holmes Just to add a bit more meat to the bone of what others have said:It's standard practice for hard money lenders to require a personal guarantee, but once you have significant experience under your belt, lenders are sometimes willing to drop the requirement for a slight decrease in leverage and/or increase in rate.Regarding extra collateral, lenders sometimes ask for this if the deal is too high risk for them as-is, but you have significant equity in other properties that make it wash.
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7 May 2024 | 5 replies
Other states are landlord friendly and have high taxes.
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7 May 2024 | 3 replies
For example, if you don't like the area in terms of the rental market (ex. high crime area, rural, low cash flow, no appreciation), it would make more sense to just to flips.
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6 May 2024 | 4 replies
The rebound came suddenly amid still very high interest rate environment.