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14 May 2024 | 201 replies
I have my best estimate of costs1)land purcahse2) soft costs3)construction 4)loan interest5)closing costs6)sprinklers7)elevator8)transfer tax/taxesand there are missing items which were answered earlier in this threadand yes once I have plans I plan to do all that, but im not at that stage. we just finished the first iteration of the schematics, now my architect is working on the facade, and so on....but yes I do have a partner/cosultant he is a GC who has built many many homes.
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10 May 2024 | 15 replies
But it sounds like you're in the beginning stages of your search and like others have mentioned above, most if not all you need is right here in terms of resources.
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10 May 2024 | 12 replies
Be a DON'T WANT-ER - always be willing and ready to walk if you can't get a good deal - And understand that you can always come back to that seller later and begin Second Stage NegotiationsAsk the 7 wordsAlways consider a subject to offerAlways ask for seller financingUse the Study Period Clause with right of possession to control properties without cashOffer seller participation - this is a great way to close dealsOffer something other cash - a note secured by your other equities, an unsecured note, a Principal only mortgage (using this technique you can offer more for the building since you are not paying interest - and as you know a direct reduction mortgage will pay off much faster.
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9 May 2024 | 15 replies
Find one of those in a desirable elementary district and you’ll be ok (but also face competition in the bids).
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9 May 2024 | 3 replies
There are stages in a foreclosure and each stage provides different opportunities and challenges.
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14 May 2024 | 164 replies
Unless you’re doing Options or can pick those 4% of the great stocks at an early stage, I’ll take 400% COC every 2 years along with the cash flow.
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10 May 2024 | 19 replies
Everyone is different in the level of risk they are willing to take and the life stage you're in can certainly contribute to that.
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8 May 2024 | 8 replies
And you can easily keep track of what stage of the sales process they are in with the CRM.
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9 May 2024 | 159 replies
At early stage of your investment, you need to get maximum leverage.
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8 May 2024 | 9 replies
Should I hire an interior designer to stage the home and air bnb the property that I invest in and hand it off to a property manager to mange the air bnb ?