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6 July 2018 | 18 replies
I'm trying to get one of these Finance right now and it seems like the lenders are asking for an additional 10% down because it's multifamily is that your experience as well
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9 July 2018 | 8 replies
Also, note that that is in addition to the $450-$550 per unit in repair and maintenance each year.
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3 July 2018 | 29 replies
Additionally, the property itself won't put stress on you as long as it is continually producing positive cash flow.
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5 July 2018 | 19 replies
It was fixed and just closed on 6/14/18 for $759,000.Breakdown/Deal Numbers:Acquisition Costs (AC): $525,000- Purchase Price: $510,000- Closing Costs: $15,000 (hard money points and fees based on $408,000 loan amount)Rehab Costs (RC): $80,000Monthly Mortgage costs: ($2890 per month for 6 months = $17,340)- Utilities: $600Selling Costs: 2.5% (as a Broker I listed the home myself and saved the other 2.5%) Sales Price (SP) $759,000 closed 6/14/18- Commissions to Selling Agent: $18,975-Selling costs (property taxes, title, escrow, etc) $8,000Total Net Profit: $109,085 – Taxes & Any Additional Selling Costs- $759,000(SP) - $26,975(SC) - $17,940(HC) - $80,000(RC) - $525,000(AC) = $109,085Before:After:Thank you for reading.
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8 July 2018 | 3 replies
If the property with the squatter was a good deal why not buy it as-is with squatter (and an additional discount 🙂) and then get him out?
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4 July 2018 | 1 reply
This lot will support 2,800 buildable square feet so we are looking a building a main house then an ADU (Additional Dwelling Unit).
28 June 2018 | 2 replies
My statements are simply some dolt on the internet.If you were in my area and signed an "Exclusive right to represent".
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30 June 2018 | 2 replies
An additional 10 - 15% .
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29 June 2018 | 1 reply
Due date July 6 or I could file additional BK to stall ?
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29 June 2018 | 9 replies
the additional 400-500bps in an alternative investment is nice, but not the primary consideration.