
1 July 2024 | 14 replies
Expensive GC who I have confidence in but I'd rather not spend the extra $ unless it's highly advisable.2.

2 July 2024 | 8 replies
Ended up with moderate to great weather and received an amazing review.

2 July 2024 | 12 replies
This keeps the job moving and ensures that you do not get stuck at the end with a poorly executed rehab.

2 July 2024 | 7 replies
I borrowed 62k at 10% APR for 12 months with interest only payments and a balloon payment at the end of the loan term.

2 July 2024 | 7 replies
If you do cash out refinance it would allow to only get to 75% LTV around the high 7s with some points, they would still require to be 1st position.

2 July 2024 | 0 replies
The rate difference between FHA and Conventional is actually over 1% right now for Multi family propertiesCurrently the rate offered is 6.75% and 193/m in PMI (private mortgage insurance)That makes the payment with taxes and insurance roughly:$3453/monthTaxes were $3820, and insurance is $1800/yrCurrently this building can rent each 2 bed unit for up to $1800/m with tenants paying all utilities.All in cost to close is: $71,414.64If you rent both units for $1800/m you can expect gross cash flow of $147/mThis is the reality of buying a turn key duplex in the area using todays rates and prices.I want to stress, that this is actually considered a great property and deal in todays market for the areaYes, prices are high, and so area rates...My goal is to show what is actually going on.

1 July 2024 | 27 replies
I think newer, less established, and daisy chain Wholesalers often don't consider the needs of the end buyer (investor) when underwriting properties.

30 June 2024 | 3 replies
In addition to the high cost of building, the low appraisal reflects there are many more owner occupied purchasers than investor purchasers so adding the ADU likely reduces the buyer pool.

30 June 2024 | 7 replies
With interest rates in high double digits, I was easily able to locate corporate bonds of BBB rating with 20 years of payments left and 8-9% coupons.