David Hicks
Testing Marketing Options - Help is Welcome!!
12 September 2017 | 1 reply
Instead of doing the standard yellow post card #3 that I am sure all people in my area are sending out, we'd like to look at some other options while keeping our costs low.Our price is $0.38 per letter for around 5300 or so letters.
Alamen Ems
Borrowing money to start flipping houses
17 September 2017 | 10 replies
after 6% interest on my heloc and the conventional mortgage, realtors, closing costs, insurance and the rehab...
Alan Devey
Construction Loan vs. Home Equity Line of Credit
12 September 2017 | 1 reply
Here are the stats: Construction costs - $50,000 Purchase Price - $225,000 Current Appraisal Value - $375,000 Post Construction AV - $440,000Current Loan Amount - 195,000 Rental Income - $2,800 Mortgage + Taxes + Insurance - $1650 Liquid Cash - $10,000My partners and I want to get the remaining projects off our plate and are trying to figure out the best way to make it happen.
Alan Devey
Construction Loan vs. Home Equity Line of Credit
12 September 2017 | 3 replies
Here are the stats: Construction costs - $50,000 Purchase Price - $225,000 Current Appraisal Value - $375,000 Post Construction AV - $440,000Current Loan Amount - 195,000 Rental Income - $2,800 Mortgage + Taxes + Insurance - $1650 Liquid Cash - $10,000 My partners and I want to get the remaining projects off our plate and are trying to figure out the best way to make it happen.
Jason Timmerman
Which of the Hurricane Markets should be strongest?
14 September 2017 | 4 replies
Without the insurance money, many of them will not be able to purchase a different home.
Blake Shultz
Triplex deal - should I buy?
12 September 2017 | 2 replies
Numbers are as follows:Purchase price - $185,000Rental income - $1,850 ($750, $750, $350)Insurance - $109/MoTaxes - $209/moCap ex - $185/moUtilities - $200moMaintenance- $185/ MoI feel confident the rents could go up to a total of $2350/Mo but current leases do not run out for another 6 months.
Stefano Gasperini
Investor and Agent Relationship
13 September 2017 | 11 replies
In the last 9 days, I've contacted an agent, contractor, hard money lender, property manager, insurance agent, and a mortgage broker.
Marian Smith
Bonded & insured?
18 September 2017 | 3 replies
If you hire a contractor who is bonded and insured through a policy issued by a local insurance agency, what is covered?.....
Greg Martin
No Power/No Water - Hurricane Irma
13 September 2017 | 10 replies
I have fair rental value coverage in my insurance policy, but I don't know if it will apply since the tree didn't fall on a covered structure.
Jonathan White
Cash out Refi Mistake???
15 September 2017 | 9 replies
I am open to any and all feedback as I learn the ropes in respect to non-standard finance options to get deals done.