Michael Gangemi
Group consensus on a deal
31 January 2024 | 26 replies
Also, do your own research by looking at nearby 5bed listings with similar decor - especially after the holidays since everyone’s calendar will be full for the holidays.
Account Closed
Flip Gone Wrong- Advice Wanted!
1 February 2024 | 23 replies
The ideal situation is you list the house as “rent to own” Get 10% down and give them option to buy in 2-4 years for a pre determined price.
Linda Pham
Houston Midterm Rentals
31 January 2024 | 5 replies
All that means is you've got bring your best to all aspects of the property and the listing itself -- location, furnishings, photography, heck, even the listing headline all matter a lot.At the risk of pitching here, my wife's YouTube is filled with a ton of great MTR content on setting up a listing.
Joel Oh
Adding a playground for my Airbnb
31 January 2024 | 12 replies
Maybe I will add this to the listing!
Bryan H.
House not winterized, what should I do
1 February 2024 | 29 replies
They have a list on their website of who to use.Recommend you dive into Detroit's website area about all this:https://detroitmi.gov/departments/buildings-safety-engineeri...
Tony Pellettieri
Possible Solution to a Friends HML in default - Deal Analysis
31 January 2024 | 2 replies
Based on a rough analysis for a project timeline, I believe the total project can be completed in 5-7 months with the team I have available if we get involved in completing the work on the project.Deal Analysis as a whole - Actual Costs may be slightly different but estimates should be fairly closePost Construction Estimated Market Value - Lot 1: $379,000 Lot 2: $307,000 Total Estimated Market Value $686,000+- $102,000 - Cost to payoff HML & Previous Builder- $154,800 - Estimated Cost to complete House #1- $170,370 - Estimated Cost to complete House #2: Includes New Well/Septic $7500, Impact Fees $2100, Permits $1000= $427,170 - Estimated Cost to Payoff HML, Complete Construction on House #1, and Construct House #2+ $686,000 - Total Future Market Value- $20,580 - 3% Buyer Agent commissions as the current owner(Listing Agent) will be listing these properties without compensation- $2,538 - Real Estate Transfer Taxes- $1,500 - Settlement Costs Paid at Closing______________________________________________ $234,212- $27,900 - Payment to Seller for Down Payment made by seller to HML @ Origination (For her to break even)= $206,312 - Potential Return before any Interest/Fees/Taxes/EtcROI: 45.3%RoR: 68.9% PM: 30.07% Acquisition/Exit: 8 MonthsI've spoken to a few HM Lenders and ran rough numbers by them.
Michael Camarillo
House Hacking using the VA loan - Agent recommendations
31 January 2024 | 6 replies
Many sellers and listing agents have a bias against VA loans, and view them as more difficult to deal with.
Aditya Rawat
Recommendations for Property Management companies
31 January 2024 | 8 replies
I'll DM you to send a list of PM's I've heard good things about in Columbus
Adrian Thomas
DSCR Loans, caught holding the bag
31 January 2024 | 16 replies
Try talking with Hurst lending they have some good products There is also a member here that created a list of lenders by state - a good resource for you maybeJust google "my perfect mortgage" top link - you'll see it edit: nvm that's not it - give me a second - here it is: Perfect Mortgage
Jack Lander
Who needs help getting started with wholesaling ?
30 January 2024 | 37 replies
The property appraiser/assessor is the cheapest resource to find the owners of a property.When you pull the county on the site I listed above you can go to the property appraiser and click on “go to data online”it should take you to search page, where you will type in the address.whej you get the property, it should pull up the owner, mailing address and subject property address.also, it should list the sales history and chain of title, where it should mention who they bought it from and how much they bought it for.this ought to help you understand what you have to work with.for example, the last real sale on the picture listed was in 2008 for 325k, so unless there was additional money borrowed on the property, there ought to be some equity.