Jake Baker
How to find Private Money?
10 February 2024 | 8 replies
If you are looking for true private money (no broker fee or points) most will not lend at a high leverage. 60-65 LTV max Now if you have experience, plenty of reserves, and the deal can be 100% financed based on the ARV, then you can present it to a hard money lender and they may feel comfortable doing it.
Peyton LaBarbera
How do you protect your properties?
12 February 2024 | 20 replies
It would be a better investment of your resources to get improved coverage on the "proper insurance" you have, including an umbrella policy that covers all of your properties.I have heard of some of my acquaintances set up land trusts within LLCs to help with anonymity, but they are cumbersome and require a fair amount of money/experience to set them up.
Brendan Ferguson
House Hack Chicago
9 February 2024 | 10 replies
Whether your objective is to generate rental income, create equity, or both, having well-defined goals can help you make informed decisions.Analyse your income, savings, and possible down payment in relation to your present financial status.
Matthew Banks
Home Builder Advisor/Consultant for single family home builds $500-700k each
10 February 2024 | 5 replies
Critical items are budget, contracts, and schedule (included durations during contract).
Bryan Contreras
BRRRR Strategy Question
11 February 2024 | 34 replies
When you include the COL in your figures, it amounts to a small fortune you are losing by staying in CA.YMMVGood luck!
Christopher Sweeney
Can I do BRRRR through an LLC?
10 February 2024 | 9 replies
I wrote an entire post on this, including what questions to ask lenders, that you can find HERE.
Pat Parrillo
New Investor in greater Milwaukee area
10 February 2024 | 16 replies
Markets include West Bend, Port Washington, Grafton and Cedarburg of interest.
Mike Rutallie
Please poke holes in this Lease option strategy
10 February 2024 | 4 replies
Allow me to put the money I'd pay for the property into gov't bonds paying roughly what the lease payment would cost, and 3. would give them ~$320K in total lease payments including the offset of capital gains, while it would be equivalent to me purchasing it for cash today at $225K.I know there is an income tax liability on the seller's part for the lease payments, but I don't know their situation to judge the impact of that.I've never done a transaction like this before, so please poke holes in it, or if you have a better option, please let me know.
Johann Villalvir
You're searching for a house to flip, what information is crucial for you to know?
9 February 2024 | 7 replies
Present:- Listing images- Property info (beds, baths, sqft)- Listing info (days on market, price cuts, etc)- Estimated ARV- Comps used to see ARV
Ken Boone
So this is pretty uncool IMO
10 February 2024 | 8 replies
This is a 2400 sq ft 2 king suite cabin loaded with amenities including an indoor heated pool similar to one of mine.