Chui O.
Rehab Loans?
3 June 2024 | 3 replies
If you only have 30k liquid total for downpayment, closing costs, etc., you might be cutting it way too close to really do anything. 15k is the bare minimum I suggest for reserves or oh no money on any project so that doesn't leave you a ton left to work with.As @Glenn Banks said, 203k is probably your best option because it's an FHA loan and you can do low money down and the reno is baked in, but the reno is complicated.
Julie Muse
Burning Lane Triumph: Big Profits in Stony Point with Garrett Moretz
3 June 2024 | 0 replies
Partner Driven financed the Burning Lane deal using its own capital, covering the $162,000 purchase price and $60,000 in renovation costs.
Jared Vidales
Calling all RV & Boat Storage Operators!
2 June 2024 | 10 replies
Costs could easily escalate to $65/square foot or more depending on how fancy you go.I am also converting a large warehouse that will include some large RV and boat spots.
Travis Steinemann
Subject To Airbnb In Baton Rouge
3 June 2024 | 0 replies
Subject to the existing mortgage of 170k @4% originated on 1/1/2022 plus catching up 20k of arrears/escrow/legal fees and then eventually Airbnb Furniture and holding costs of another 15k from private money.
Julie Muse
Profitable Pensacola Sale: Success with Fred Rogers on N 6th Ave
3 June 2024 | 0 replies
Our efficient project management minimized costs and time, while our strategic marketing maximized exposure.
Angelo Proto
Investing in STRs
4 June 2024 | 23 replies
First and foremost offsetting w-2 income will only or mostly come from cost seg and bonus depreciation which currently is at 60%.
Julie Muse
Gary IN Flip Success: Profits with Doug May on E 35th Place
3 June 2024 | 0 replies
We financed the E 35th Place deal using Partner Driven's capital, covering the $40,400 purchase price and $12,300 in renovation costs.
Julie Muse
6th St E Triumph: Big Profits with Adbi Nur in St. Paul!
3 June 2024 | 0 replies
We financed the 6th St E deal using Partner Driven's capital, covering the $135,000 purchase price and $62,000 in repair costs.
Michael P.
Ready To Get Started In Ohio!!
2 June 2024 | 112 replies
what about the age of the homes and the maintenance costs?
Drew Slew
2024 selling 2 family Jersey city - 1031 or not? Occupied or vacant?
2 June 2024 | 18 replies
This is before you add any capex to your cost basis.