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15 August 2024 | 6 replies
-Current Assets: <$100k in cash, ~$300k in retirement accounts, Primary Residence (CA) ~$100k in equity, 1 LTR condo ~$200k in equity and a HELOC @ $80k to close this week hopefully :).
13 August 2024 | 4 replies
Feel free to inquire about their staff qualifications if it's a larger organization.2.
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14 August 2024 | 7 replies
If they are "verbal agreements" paid in cash or something like that, yes that could be an issue...
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8 August 2024 | 12 replies
The 650 score will be a major barrier to accessing the equity via DSCR cash out.
12 August 2024 | 22 replies
Since people aren't educators but rather developers most don't see a benefit to sharing their information for free.
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13 August 2024 | 2 replies
Purchase price: $380,000 Cash invested: $80,000 Acquired my first property in Broward County, FL!
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13 August 2024 | 2 replies
(One month you may have a lender that can do cash outs on listed properties, another month you can have a lender that does not have seasoning on a BRRRR) Cons: 1.
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12 August 2024 | 4 replies
I'm most focused on high LTV I have a list of lenders in Ohio you can reach out to.Also @Chris Wharton feel free to jump in
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13 August 2024 | 3 replies
Have a few properties I am looking to off load in 78223Hey Ezekiel I can probably get you some cash offers on those houses you're looking to offload.
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12 August 2024 | 6 replies
But per lot it will cost roughly the following:$1,500 Electrical poles, meter installation $2,000 water taps and connections$5,000 grading and land prep$8,000 septic installation (assuming a 1:1 ratio of homes to 1000 gallon septics)$5,000 down payment on each home ($700-750 / thereafter per unit)$21,500 total set up x 17 = $365,000Ongoing expenses after development would look something this for POH model: $12,750 a month in mobile home mortgages (17 x 750 for PITI on each unit) $1,900 a month in land mortgage PITI (house) $3,000 a month landscaping$2,000 a month in reserve emergency fund$2,200 management$21,850 a month total expenses $262,200/yearOngoing incomes after development would look something this for POH model:$27,000/month ($1500 x 18 {17 mobile homes plus house})$324,000/year324k-262,2k = 61,800 net pre-tax profit or $5,150/month.Opportunities to reduce start up expenses: Bulk deals with the government or contractors for doing all the work at once (electrical, water, land grading, septic) Trade free rent for someone to mow and landscape (turning a $3k event into a $650 event every month).