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3 March 2024 | 5 replies
Purchase price: $85,000 Cash invested: $45,000 Sale price: $172,500 This was a relatively straightforward project.
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3 March 2024 | 6 replies
Investor want to shutdown crowdfund company, etc,etc..Watch for the next edition of "the Greed of Real estate" in Netflix LOLWhat happened inside therealdeal should just stay there... lol I just recorded a podcast today basically about how this is not shocking.
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3 March 2024 | 9 replies
I know this has been posted quite often, but I'm looking for recommendations for a Contractor that might be able to fit in a couple projects within the next couple of months.
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3 March 2024 | 2 replies
This will allow you to make more accurate projections for each property.In terms of determining cleaning costs, insurance, and other expenses, it would be best to estimate these costs separately for each house.
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3 March 2024 | 1 reply
In this example, I didn’t include any CapEx costs and the loan is 75% of the value.LTCWith a LTC structure, the lender is willing to lend funds as a percentage of the underlying asset’s purchase price plus renovation/repair costs (project cost).LTC financing is generally viewed as favorable for the borrower albeit, riskier, due to higher leverage, less debt service coverage, and renovation risk in the form of underbudgeting.LTC = Loan Amount / Project CostsMost often, lenders are willing to offer LTC terms structured as a bridge loans.
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4 March 2024 | 10 replies
The goal is to be able to fund 2 projects at once with my own cash.
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1 March 2024 | 1 reply
Your basically cross-collateralizing the purchase of the land with your home, and then using the "free and clear" land as your equity down for the construction loan.
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4 March 2024 | 34 replies
So it's supposed to be specified in the operating agreement.It sounds like your contract doesn't specify...and is irregular (and if so, that is one of the dangers of investing with a newbie sponsor...and who hasn't had to deal with a fairly basic issue, before).
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4 March 2024 | 15 replies
If it qualifies for a loan, then you could narrow this down more (how much profit you project).
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3 March 2024 | 0 replies
ThThis Might be good way to dip toe in the pond and help convince wife to do bigger projects esp with not much extra money to work with.Thanks again for any input.