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17 September 2017 | 10 replies
after 6% interest on my heloc and the conventional mortgage, realtors, closing costs, insurance and the rehab...
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12 September 2017 | 1 reply
Here are the stats: Construction costs - $50,000 Purchase Price - $225,000 Current Appraisal Value - $375,000 Post Construction AV - $440,000Current Loan Amount - 195,000 Rental Income - $2,800 Mortgage + Taxes + Insurance - $1650 Liquid Cash - $10,000My partners and I want to get the remaining projects off our plate and are trying to figure out the best way to make it happen.
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12 September 2017 | 3 replies
Here are the stats: Construction costs - $50,000 Purchase Price - $225,000 Current Appraisal Value - $375,000 Post Construction AV - $440,000Current Loan Amount - 195,000 Rental Income - $2,800 Mortgage + Taxes + Insurance - $1650 Liquid Cash - $10,000 My partners and I want to get the remaining projects off our plate and are trying to figure out the best way to make it happen.
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14 September 2017 | 4 replies
They are going to have to wait several months and maybe years until their insurance claims get straightened out and they receive money to rebuild.
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12 September 2017 | 2 replies
Numbers are as follows:Purchase price - $185,000Rental income - $1,850 ($750, $750, $350)Insurance - $109/MoTaxes - $209/moCap ex - $185/moUtilities - $200moMaintenance- $185/ MoI feel confident the rents could go up to a total of $2350/Mo but current leases do not run out for another 6 months.
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13 September 2017 | 11 replies
In the last 9 days, I've contacted an agent, contractor, hard money lender, property manager, insurance agent, and a mortgage broker.
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18 September 2017 | 3 replies
If you hire a contractor who is bonded and insured through a policy issued by a local insurance agency, what is covered?.....
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13 September 2017 | 10 replies
I have fair rental value coverage in my insurance policy, but I don't know if it will apply since the tree didn't fall on a covered structure.
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14 September 2017 | 2 replies
It's a necessary component for the document to be enforceable.
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12 September 2017 | 1 reply
This single document is your greatest asset in securing an investor or bankfinancing.