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Results (10,000+)
Karla Kahmeyer Listsource users in Kansas
7 March 2019 | 6 replies
You can also call offers2owners and they can hook you up with DataTree ownership records (First American Title's data company). 
Geoff Antone Cash on Cash and ROI with Hard Money Loan Financing
26 January 2021 | 4 replies
GeoffCosts Due at Closing Points: 3% of loan (one time) [only financed at 70% of ARV]Origination Fees: $1,020 ($400 document processing + general administrative costs, $575 legal fees - preparation and review of all documents, $30 application fee (charged at closing), $15 flood certification)Appraisal Fee: $400 - $475 (paid directly to state licensed appraiser)Insurance: ARV x .45% -- (paid for 6 months in advance before you close; can choose any insurance company as long as it meets minimum requirements HML has + lists HML as mortgagee on policy)Buying Closing Costs: 1% of purchase price (title insurance + escrow fees)Outside Costs (Holding) 4 Month Flip (120 days): 2 months of construction, 1 month on market, 1 month in escrow/title; plan for 6 months Monthly payments: 1% of loan Utilities: $230/month (varies; $125 electricity, $60 water, $45 gas)Property Tax: $3,000/12 months x number of monthsRealtor fees: 4% of ARV (multiple realtors that will list for 1%)Selling Closing Costs: 1.5% of ARV---------------------------------------------------------------------------------------------Example of House:Buy at $120kRehab at $50kARV at $230kCosts Due at Closing Points: 3% of loan; financed at 70% of ARV ($230,000 x 70% = $161,000 loan) $161,000 x 3% = $4,830Origination Fees: $1,020Appraisal Fee: $475Insurance: ARV x .45% $230,000 x .45% = $1,030Buying Closing Costs: 1% of purchase price $120,000 x 1% = $1,200TOTAL CLOSING COSTS: $8,555------------Outside Costs (Holding) Monthly payments: 1% of loan $161,000 x 1% = $1,610 x 6 months = $9,660Utilities: $230 per month $230 x 6 months = $1,380Property Tax: $3,000/12 months x number of months $3,000/12 = $250 x 6 months = $1,500Realtor fees: 4% of ARV $230,000 x 4% = $9,200 Selling Closing Costs: 1.5% of ARV $230,000 x 1.5% = $3,450TOTAL HOLDING COSTS: $25,190-------------Out of Pocket Portion for Rehab: $9,000TOTAL OUT OF POCKET COSTS: $30,095TOTAL OUT COST INCLUDING REALTOR FEES AND SELLING CLOSING COST: $42,745Calculations-------------------------------------------------------------Buy at $120,000 + $33,745 (costs) + $50,000 (rehab) = $203,745Sell at $230,000 - $203,745 (costs + rehab) = $26,255 (PROFIT)Cash on Cash $26,255 (Profit) / 30,095 (Total Cash Invested) = 87 %Return on Investment $26,255 (Profit) / $203,745 (Total Spent including all cost) = 12.8%
INgo Schaer Pass Through Funding on a wholesale deal - Which states allow
4 March 2019 | 1 reply
@INgo SchaerIn general it is good idea to use transactional funding; as few title companies and under writers are not comfortable doing pass through or assignment of contract. 
Account Closed Flipping Profits Tumbled To 7 Year Low
5 March 2019 | 16 replies
We wont quiet title but just hold it til those apartments are through building.
Joseph Glisson Chattanooga wholesale title company
11 March 2019 | 3 replies
Looking for a good title company for wholesale deals in the Chattanooga area?
Steve Leonard AB side under Contract...Inspection Period for End Buyer? BC Side
4 March 2019 | 0 replies
What else is important for the BC contract other then "Contract cannot be assigned" and "Cannot Market property until close and Title transferred" INSPECTION.
Steve Leonard BC Buy Sell Agreement Inspection Period?
4 March 2019 | 0 replies
What else is important for the BC contract other then "Contract cannot be assigned" and "Cannot Market property until close and Title transferred"INSPECTION.
Gregory Stanley Shelby and Baldwin County Alabama Tax lien Sales fiasco
30 April 2020 | 18 replies
Yes, they must do a judicial foreclosure, but currently they must quiet title
Ryan Rush How do I set up a private money contract and how do I start?
5 March 2019 | 2 replies
Draft and handle who is familier with real estate laws in your area.If you getting loan from lenders as pure DEBT; then provide them title policy through title company.