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13 May 2018 | 4 replies
On the 55k needed for purchase and repairs i can lend $46,750 you would need total assets of 16.5k + title - this includes 8250 down, $3500 origination, $995 underwriting, and reserves (we just need to see reserves in your account) Is this more or less what i can expect shopping my deal around?
30 May 2018 | 6 replies
If the property is AS-IS, then that means that the Seller is not doing anything in the way of repairs.
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15 May 2018 | 7 replies
Estimating $7,500-10,000 in repairs, less if I do some work myself or bring in a cousin who wants to get into flipping.
12 May 2018 | 5 replies
The estimation of repairs I wasn't sure on.
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15 May 2018 | 17 replies
The down payment plus estimated repairs is about $48,000.
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15 May 2018 | 2 replies
Currently a lot of the email marketing I receive with information about deals ( Property Info / Purchase Price / ARV / Repairs / Cap Rate / Pictures / etc. ) looks like it was created using email marketing from the 90's.
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23 May 2018 | 12 replies
With wholesaling, you're looking at the after repair value and the ROI for the investor buyer.In the simplest of examples, say that $100k property would be worth $200k after $40k in repairs, you put it under contract for $80k (the seller gets $10k profit) and assign the contract for $15k, that leaves a good profit margin for the investor buyer.
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17 May 2018 | 9 replies
I need some advice please, on If I can get a Loan on a Property, that I need $30,000 to do Repairs/Renovations on ??
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13 May 2018 | 5 replies
Here’s the numbers and plan 3/21800 sqft with unfinished basement Built 1980 Very desirable area in Vermont15 acres (subdividable) Comps $300-400Needs about 45k in repair I’ve got her talked down to 170k I really want to BRRRR this property.She owes 125k on current mortgage Would you -lease option (which she likes)Or -assume her mortgage and have owner carry the rest of the note?
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14 May 2018 | 10 replies
Buy all cash and pay for repairs... then refinance to get the money out.2. 20% down, traditional financing for the rest and repairs.What have you had success with?