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7 June 2024 | 13 replies
@Stanley Smeltzer there is also a 3% funds to use based on the purchase price if you are going to live in the property.
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8 June 2024 | 1 reply
I've crunched the numbers and if I could purchase three four-plexes in the next ten years, that would give me the financial independence I'm looking for."2.
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7 June 2024 | 11 replies
Cost TrackerLot Purchase Price 20% - 15%Architect & Engineering Plans RenderingSurvey 1 (Stake Corners & Elevation Cert)Surveyor (Final Elevation Cert & Final Survey)County Permit Municipality Utilities District Portable ToiletFoundationSilt Fence Site Work (tree removal / 8in Dirt Scrape)Concrete SlabFramingLumberEngineering Wood Products (Trusses)Accessories & LumberFraming Labor $2.5 per sqftPlumbingPlumbing TurnkeySinksToiletsFaucets & Shower TrimElectricalElectricalHVACHvacInterior Windows & Material Back DoorFront DoorSiding, Sheathing & Cornice MaterialSiding, Cornice, Doors, Window LaborRoofRoof Deck MaterialRoof Deck LaborStanding Seam Metal Roof (optional)InsulationInsulationDrywallDrywallFirewallHang, Tape, Float & Texture LaborDrywall Touch Up LaborPaintExterior PaintInterior PaintExtra Cost (Caulk & Paint Upgrade)CarpentryDoor Handles CabinetsInterior DoorsBaseboards & Shelving (closets, utilities & Pantry)Carpentry LaborCounter TopsCounter TopsMirrors MirrorsGarageGarage Door & OpenerDrivewayDriveway Flat Work (AC Pad, Walkways, Steps, Backyard Steps)TilingTile MaterialTile LaborLVPLVP MaterialLVP LaborRailingRailingLandscapingLandscape Final gradeSODFlower BedDumpsterDumpsterApplianceseDish WasherStoveMicrowaveMiscMail BoxFinal CleaningHouse Plan PrintsWater & Electric During buildRefunds / DepositsRefundable Deposit
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7 June 2024 | 7 replies
Hi Tahreak, You have to be just as careful purchasing new builds, many of the homebuilders I noticed sometimes cut corners and you might have more maintenance related costs than expected.
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6 June 2024 | 7 replies
When a service member allows someone to assume their VA loan, it can have several implications:The service member may regain their VA loan entitlement, which can be used for a future home purchase.
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6 June 2024 | 8 replies
I currently live in the Midwest and am interested in purchasing a property in Huntsville or Chattanooga.
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6 June 2024 | 1 reply
Purchase price: $92,500 Sale price: $270,000 This West Philly home was located in the Carroll Park neighborhood of 19131 and was a great site at just under 1500 sqft.
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6 June 2024 | 2 replies
Helocs must also be calculated in underwriting based on fully exhausted payment meaning even if you only use a portion during the next purchase they underwriter will hit you with the full payment for risk.Cash out on the other hand is a liquid reserve tax free and it only requires (1) mortgage/lien.
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6 June 2024 | 6 replies
I currently own a home in Seattle (Queen Anne) that has appreciated roughly $1M since we purchased it nearly 9-years-ago.
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6 June 2024 | 11 replies
I don't intend to live there, but I want to hold onto the property for a while once I purchase it.