Saheed Adekunle Amuda
Hello fellow Investors (fix and flip)
26 September 2024 | 13 replies
Hello everyone, I've done 3 buy and hold rental properties, and now I want to do flips, I need investors and I have some that have shown interest, in addition to speaking to private lenders that are willing to fund 70% of the LTV (based on the desired property)I'm seeing a lot of deals from wholesalers, but the problem is, some of them close in 2 weeks and some as long as a month, and they don't take conditional offers, and the good ones fly off the shelf really quick.My question is, how does someone like me close one of those deals within this short period, how do you arrange the equity and financing with little to no inspections sometimes even.I'd like to know how do I prepare myself to be able to close one of these good deals right away when they are offered to me and many others?
Tiffany Dixon
Should I wait the 90 days?
25 September 2024 | 12 replies
If listing a property, FHA buyers may be ineligible until the 90-day period has passed.
Kyle Fitch
I’m Not Fast Enough
28 September 2024 | 12 replies
Then put an offer at asking to tie it up for a feasibility period.
Galant Ant
Expected Multiples/IRR for $1M SFH Fix-and-Flip Project with $400K Renovation (12-14
26 September 2024 | 1 reply
Market Considerations: Given the 12-14 month holding period, how much does your target IRR change in a fluctuating market (either rising or declining)?
Jeremy Schappert
Do new construction homes or older/existing homes appreciate more?
26 September 2024 | 9 replies
Comparing the pros and cons of purchasing the 2 home types is not my aim here.In Scope: The change in the sales price of new construction homes from when they were first sold after construction to when they were sold subsequently versus the change in sales price for existing homes over the same period.
Jason Turgeon
Real Estate Accounting Winner: REIHub
29 September 2024 | 13 replies
During the trial period, I had several questions about how to set up properties, categorize transactions, etc.
Dina Schmid
Buying Parents' Home - Ways to reduce costs and hassle?
26 September 2024 | 10 replies
(We're aware of the five year look back period for Medicaid eligibilty but it's not a big factor in our decision to do this.)We would get the house appraised so we can document paying FMV.House would be purchased with cash (it's a small home in a rural area and value is low)Inlaws would sign a lease so that it becomes a legitimate rental and we can deduct expenses, etc.
Simeon Rivas
Tenant refuses to give me forwarding address for security deposit
26 September 2024 | 4 replies
Property is considered unclaimed if there has been no contact or activity with the rightful owner for a set period of time, usually 3 to 5 years."
Daria B.
Cost in a non-judicial state AL
24 September 2024 | 4 replies
Those costs do not include court fees and publication fees.Also known as Alabama note the borrower does have a redemption period so be careful not to go in and renovate the place during the redemption Period.
Ahmed Hafez
Closing Wholesale deals
25 September 2024 | 0 replies
I have some experience buy and hold rental properties, and now I want to do flips, I need investors and I have some that have shown interest, in addition to speaking to private lenders that are willing to fund 70% of the LTV (based on the desired property)I'm seeing a lot of deals from wholesalers, but the problem is, some of them close in 2 weeks and some as long as a month, and they don't take conditional offers, and the good ones fly off the shelf really quick.My question is, how does someone like me close one of those deals within this short period, how do you arrange the equity and financing with little to no inspections sometimes even.I'd like to know how do I prepare myself to be able to close one of these good deals right away when they are offered to me and many others?