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22 August 2018 | 36 replies
We solved this problem with the BRRR method Yes we were doing BRRR in 2001 and routinely until 08 when credit markets froze.The key was building a team.. and those teams were built for you by most of the Turn key marketing companies and those flippers in the cash flow markets.The key component was the short term lender ( us ) who put the investor ( you ) into title for 6 months so that you could then do your refi and have little to no money into your cash flow rental..
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21 December 2017 | 14 replies
The construction industry aligns with my values and goals, so it makes sense.
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18 December 2017 | 2 replies
so in your example the net sales price is $232,000 - $14000 (closing costs I backed into) = $218,000.Your net cash is the other important component in a 1031 and that would be the net sale ($218,000) - $60,000 (debt relief) = $158,000.You have two requirements in a 1031 if you want to avoid all taxes.
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19 December 2017 | 8 replies
I do not like 5 year loans unless you have a value add component and know you will be selling off or you can easily refi even at a higher interest rate.Lenders usually lend the LESS OF appraisal or purchase price based on LTV.
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21 December 2017 | 12 replies
@Johann JellsA self-locking door set is a door set just like a passage door set or {manually} locking door set, only the "outside" knob is always locked.A dead-latch looks like a dead bolt from the outside, on the inside it either has a strike akin to a door set; a receiver mechanism which allows the extended bolt to slid into place (a one-way latch) or an electronic mechanism.Powered deadbolts - one where the lock powers the bolt into place or retracts it - are problematic if you have a building which shifts with the seasons as they need to remain perfectly aligned to operate.
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13 December 2019 | 11 replies
I also like the social sustainability component of the investment.
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21 December 2017 | 13 replies
If we are way off either over or under I ask for them to explain the quote and break it down into the basic components (materials, labor, and overhead) and just talk it through with them.
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25 December 2017 | 22 replies
Congratulations...on both the portfolio growth and on recognizing the need to align your investing with your goals.
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20 December 2017 | 0 replies
Technically it's a job but I love the crowd here on BP there's so much alignment with everyone interested in REI and a good place to look for good people.
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21 September 2018 | 5 replies
Hopefully they throw you a bone and the numbers align in your favor.