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10 January 2022 | 0 replies
Purchase price: $130,000 Cash invested: $50,000 Sale price: $275,000 Getting property ready to sell in spring of 2022 after all repairs and updates What made you interested in investing in this type of deal?
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13 January 2022 | 1 reply
I would look for 80-120k houses. that need some cosmetic updating. put 10-30k into them and get them rented and refinance some or all of your cash back out and do it again.
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16 January 2022 | 38 replies
They can't see how much work you did behind the walls with framing, quality insulation, updated electrical, super quality craftsmanship on the plumbing.. it matters that you have updated mechanicals and they will quantify it but... what really matters is the quality if your finishing work.
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11 February 2022 | 13 replies
Best of luck and keep us updated on your progress!
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14 January 2022 | 8 replies
I had one switch their bank account and forgot to update autopay.
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14 January 2022 | 0 replies
The house needs cosmetic updating but totally livable as is.
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14 January 2022 | 0 replies
Is there any way I can make it look new and updated without ripping it all out?
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18 January 2022 | 4 replies
Plans to update it and see where it goes.What made you interested in investing in this type of deal?
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23 March 2022 | 2 replies
I want to use this line of credit to fund the 20% down and Rehab of a property. the line of credit is estimated $418Kexample: multi-family house costs $700,000.0020% down payment is $140,000.00Rehab where possible, paint, new rugs, maybe new appliances to update the experience for the tenants. $10K -$15KMortgage loan estimate amount is $560,000.00-at some point I will need to get an updated appraisal of the property with the update value -After Appraisal assuming the updates improve the value of the property, I would refinance to a new loan.the new loan amount would need to be at Least $700,000.00 to cover the original loan amount and to allow me to repay my line of credit.is that correct?
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31 January 2022 | 9 replies
I don't know the scope of the property or updates, but perhaps while she is living there you can have all the outside work done.