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22 July 2024 | 4 replies
It was an old house and it was costly to keep it to the standards for Sec. 8.
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22 July 2024 | 19 replies
But it has been about 2 weeks since the seller passed and the seller's estate has not given any information to my relator or the title company.Given that the estate is contractually obligated to the sale & that I have money tied up in the deal (earnest money, home inspection cost, interest), I am looking for advice to move this forward and/or a suggestion for a real estate attorney in Cincinnati.
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22 July 2024 | 0 replies
This saves me a ton in material costs.
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21 July 2024 | 2 replies
When you get under contract tell all your potential lenders know you are under contract, let them know they are competing against the other lenders, and to get you their best/most favorable terms by xxx time on xxx day.
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19 July 2024 | 12 replies
Now, I just look for low-cost turnkeys.
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21 July 2024 | 4 replies
Plus the cost of most things goes up over time.
19 July 2024 | 4 replies
I'm currently looking into the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) and need some advice on structuring a deal for a house that's in foreclosure.Here's a brief overview of my situation:Property Value: According to Zillow, the house is worth $649,500.Current Loan Amount: $470,000, which is the current market value without any repairs.Funding: I'm looking for a hard money lender to cover 100% of the purchase cost and rehab cost.Tenants: I already have tenants in place.I'm working on getting the exact numbers for the rehab costs, but I would appreciate any advice on how to structure this deal effectively.
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19 July 2024 | 5 replies
What would you say the cost would be to setup and maintain this type of structure?
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22 July 2024 | 10 replies
The major factors like the roof, furnace, plumbing, electrical upgrades, and foundation repairs are all examples of costly expenses you'll want to inspect before closing the deal.
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20 July 2024 | 4 replies
But then on the closing side, the attorney side, etc - listing what each potential person who could or should be involved in the transaction and what their role is would probably be helpful for someone getting started.