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7 August 2024 | 2 replies
I called a real estate attorney today based on a Google search, and I got an earful about how Subject To was not possible, the bank would call the loan due, I need to have 'very deep pockets', etc etc etc.I know it's possible and there are people doing these types of deals.
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5 August 2024 | 7 replies
Although we will be the 1st lien holder on the house, they do not record the lien.
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9 August 2024 | 5 replies
If there’s a housing crisis where you live I would expect you can get it full of good, quality tenants in about 4 months.
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6 August 2024 | 4 replies
I’m planning to get a loan from the rental ($400-500K) as seed to our next purchase.
9 August 2024 | 2 replies
One company is called the BNB Model and the other is called Golden Sky Housing.
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8 August 2024 | 11 replies
The tenants have a new home building nearby and the house is supposed to be closed in September.
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9 August 2024 | 17 replies
We encourage the investors that we work with to only look at houses that are 1-3 months from completion.
6 August 2024 | 0 replies
Property 1:Purchase price - $73,000Mortgage - NONE (Paid Cash)Monthly Rent - $875Monthly Profit - $580Property 2:Purchase price - $65,000Mortgage - NONE (Paid Cash)Monthly Rent - $950Monthly Profit - $750Property 3:Purchase Price - $107,500Mortgage - $80,625 Monthly Rent - $1300Monthly Profit - $435Current Cash Available - $110,000Current Available Equity - $96,500 Cumulative Total - $206,500The available equity was a HELOC loan that was given at 70% LTV so those are real numbers, they would be from property 1 and property 2.The reason im typing this is because I would like to know if there were any builders that could give a rough estimate of building cost per square foot in Kansas City area or suburbs.
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4 August 2024 | 1 reply
Hi community,I'm developing marketing (primarily to immerse myself in planning and get me thinking about things) and would like to hear about your experience with this house hacking.For my marketing plan overview:Marketing Goals:1.
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8 August 2024 | 28 replies
Also, would you advise of stearing clear of any and all flood zones due to the outrageous flood insurance costs if looking to house hack?