Chad U.
Bid Above Final Judgement Amount?
2 August 2017 | 2 replies
My assumption is you can only bid up to the FJ.
Keith Macpherson
First deal advice - Toronto, Canada
3 August 2017 | 7 replies
My father-in-law will be lending us $300k in cash for the down payment and construction costs and we are in the middle of consulting with our mortgage broker to see what we qualify for but my assumption would be ~$400k.
Macie Moore
Need advice on Pursuing Seller Finance on this deal
3 August 2017 | 10 replies
Is that an incorrect assumption?
Romar Watson
Dud or Deal #1 (Cost/Profit Analysis)
24 August 2017 | 17 replies
Roof costs say $8000 (depending on size, shape, type of shingles, etc.) and last 25 years (depending on weather, type of shingles, slope, etc.) ... that's $27/mo you need to put away in CapEx to eventually replace the roof ... now do that for all the systems in the property, add them all up, add some reasonable amount of margin, and you have a reasonable grass roots estimate of what your CapEx should be ... code it into excel with the approriate parameters such as square footage, number of water heaters, etc. and you can knock out a CapEx estimate for a specific property in a matter of minutes, without messing around with bogus rules of thumb like 50% rule or 10% of gross rent, or any other such thing that tries to relate things that are completely unrelated in order to shortcut around actual thought and analysis.Any calculator that you do not understand all of the inputs, outputs and assumptions that went into them are less than useless, and BPs are no exception ... therefore the best ones will be the ones you build yourself from the ground up and modify over time as you gain experience and find that some of your assumptions, inputs, and formulas need tweaking.
Jim Burkett
Seeking guidance on 1st deal - are my assumptions reasonable?
15 August 2017 | 1 reply
I own some acreage across the road from my home and would like to put 2 mobile homes on it (2 are allowed by Parish/County). The land is paid for and has a water well on it. The plan is to borrow money from a HML to...
Joe Giusto II
Why Minimum Loan Amounts?
9 August 2017 | 8 replies
I am making the assumption here that they would not let you draw it out until the loan has been satisfied.
Ruth Escobar
First time home buyer - KB Homes
15 August 2017 | 7 replies
And if we buy right then , cash flow should provide similar return even after we change assumptions.
Michael C.
Its GO TIME. Second opinion please
11 August 2017 | 19 replies
The numbers looks good on paper but you need to be confident in the assumptions are marking especially if you are out of town.
Steven Ortmann
Finding info about the house!
8 August 2017 | 1 reply
Lender for property taxes and reasonable insurance assumption, a good agent for ARV, local REIA for water/utility bills.
Adam Allard
Wrapping my head around the BRRRR strategy
9 August 2017 | 8 replies
Math is correct assumptions that you can do this with no liquidity is not.One HML is not going to give you 100% financing and long term lender will not refi if you have no liquidity and reserves.