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31 January 2020 | 4 replies
I have a mobile home that I am getting close to finishing up and I am trying to decide if I should find someone that will cash me out on it or if I should sell it to build my capitol.
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1 February 2020 | 9 replies
Previous large electrical job (licensed electrician), the electrician finished the work and wife paid in full but he never closed the permit.
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28 January 2020 | 0 replies
This is hideously expensive.Closing Costs to Sell - ($300k * 3%) + flat fee listing $4500 = $13.5kNet Profit - $ 20k House 2 : Single Family Home 4BR / 2.5 bath, 2900 Sq Ft Listed Price: $275k (would like to offer $260k)ARV : $420k (~$145sq ft based on comps)Closing Costs - $6k minus 1.5% kickback from buying realtor = total $2.1kFinancing- Assume I could use a conventional loan - 5% interest / 6 months= $6.2k (open to suggestions on financing)HOA - $300Taxes - $600 * 6 months = $3.6kRemodel Costs - $90k - The home has very dated finishings, definitely an elderly persons home.
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29 January 2020 | 3 replies
I will use these comments to help finish my vivid vision.
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1 March 2020 | 18 replies
Especially considering it seems like if you're already putting that capital down to make this happen why not finish the house and make the profit the flipper would make yourself?
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25 February 2020 | 17 replies
If you're looking at a gut rehab that's going to take 9-12mo from start to finish then yes, it should be at 70% or less.
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12 March 2020 | 7 replies
I refinanced my primary mortgage to pay cash ($40k) for the house and will have put about $60k of improvements into it when I am finished.
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24 February 2020 | 4 replies
I just finished my first rehab (to BRRR), and a tenant in place within 60 days.
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26 February 2020 | 4 replies
If that’s the case great - Now if I’m going to keep financing the note whats the best set up for that I have heard I can transfer it to an LLC under my name and ask them to buy the insurance under their name but to put the LLC as the a deed owner which need to get paid off in case there’s claim - If this works out I could hang on to tjis and just let them finish paying for the house the remainder 18 years -S~
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24 February 2020 | 5 replies
Gorilla Glue and maybe some small finishing nails, Or some screws from the inside of the cabinet into the dummy drawer.