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9 November 2021 | 36 replies
If this is the average condition for a home in that price range, it will call for further discussion.
6 November 2021 | 3 replies
Purchase Price: $369,000Rehab costs to date (Cash/0% Credit card): $22,000Additional cosmetic rehabs: $6-8kAs-Is Appraisal: $420,000 (April 2021)Current Rental Income (friend living with me): $800Mortgage: $2000Comps in the area: $490-560K but average sqft price $264 with prop size of 2450 sqft, so could be more.Rentals in the area: $2.5-2.9K a month, not including additional living space.My financing/current capital methods:Personal Income: $129,000 a year.Rental Income from above: $800Student loans: $340 a month.No other debts other than CC payments for rehab and personal debts: $12,000.Savings (does not include investment accounts, 401k or IRA): $12,000Cumulative CC Limits: over $50k.My questions include:What are my best options to get this thing to cash flow while adding as much value as possible for a refinance (pay off CC and have cash for another off market property I have in the wings).
6 November 2021 | 0 replies
Purchase Price: $369,000Rehab costs to date (Cash/0% Credit card): $22,000Additional cosmetic rehabs: $6-8kAs-Is Appraisal: $420,000 (April 2021)Current Rental Income (friend living with me): $800Mortgage: $2000Comps in the area: $490-560K but average sqft price $264 with prop size of 2450 sqft, so could be more.Rentals in the area: $2.5-2.9K a month, not including additional living space.My financing/current capital methods:Personal Income: $129,000 a year.Rental Income from above: $800Student loans: $340 a month.No other debts other than CC payments for rehab and personal debts: $12,000.Savings (does not include investment accounts, 401k or IRA): $12,000Cumulative CC Limits: over $50k.My questions include:What are my best options to get this thing to cash flow while adding as much value as possible for a refinance (pay off CC and have cash for another off market property I have in the wings).
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11 November 2021 | 10 replies
How long would you all say "on average" I can factor to find a good tenant?
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9 November 2021 | 8 replies
I'll download the meetup app as well.
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9 November 2021 | 2 replies
They're all as good as the data they collect so best to use an average across multiple sites.
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4 December 2021 | 10 replies
The factors are figured out by checking specific supply and demand and average days on market.
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19 November 2021 | 10 replies
Everyone and every scenario is different because of credit scores, LTV/CLTV, Loan amount, DTI, Property Type, Down payment, Loan program, Income Doc Type, Number of Units...There are far to many factors to ever state what the average rate is without putting it into context.
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13 November 2021 | 11 replies
The reason no one will be able to give you an average cost (in my opinion) is because we have no info on what lines are needed, how far they are going, what floor is this on, is there a stack near by to tie into or a new line run all the way to the main for drain etc.
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14 November 2021 | 40 replies
Goes for all things, contractors, materials, legal (downloading online lease agreements versus paying for legal advice), and providing cheaper rents versus rehabbing the place.