Lawrence Barnes
Roof on house Flip Question
25 August 2024 | 8 replies
Lenders generally do not care about the condition of a roof unless it comes up in the four point inspection or appraisal.
Chris Seveney
If it’s too good to be true
19 August 2024 | 9 replies
I think that the red flag for me is when a syndicator who has no/few exits starts living it up.
Greg Neuman
3 month cash-out DSCR in WI
20 August 2024 | 10 replies
.* My insurance carrier does not accept escrow payments, so I would need a solution that wouldn't require escrow or something creative with the escrow.Property Details:Duplex located in Wisconsin (city of approximately 9,000 people)Purchase date: 05/10/2024Purchase Price: $85,000Rehab: $31,000ARV: $140,000 (still need to have appraisal completed - this is based off of my comps)Projected rent: $1,450 / month (just listed so no leases yet.
Joey Keske
Investor Meet Ups
16 August 2024 | 6 replies
I thought there was a link on here to find meet ups but I can't find it.
Javaughn Harkness
$5000 to start with where should I invest
21 August 2024 | 9 replies
Learning how to estimate rehabs based on labor + materials is massive.
Jay Hinrichs
Missouri title companies do not recognize land trust as legal documents
25 August 2024 | 3 replies
Hey all you land trust junkies I just got an e mail from a title company in MO that closed a deal a few years ago and the buyer put it in a land trust they are trying to sell .. but the title company wont insure it as they claim land trust are not legal entities in MO.so title needs me to do a new deed to clean up title which of course we will do.. but just think if the sellers in other situations were not in the bizz like us and would not understand or respond or you cant find them all those land trust are dead in the water currently.
Natasha Rooney
Learning about investing! Canadian trying to invest in US real estate
20 August 2024 | 4 replies
It’s a good idea to consult with a cross-border tax specialist who can give you specific advice based on your situation.Financing: Financing can be a bit more challenging as a foreign investor.
James Walker
New Construction Opportunities
19 August 2024 | 7 replies
All prices are per sq ft, labor and materials, based on 800 sq ft unit:Demo $1Paint $3Electrical $1.50Flooring (LVP snap and click): $4.75Granite $3Appliances $3Cabinet refinishing: $1Tub refinishing $1
James McGovern
Is the Only Way to Negotiate a Lower Price with Builders...
25 August 2024 | 10 replies
or as perfect as you can get it.So no beat them up on inspection does not work against me for my product.
Edwin Lopez
Managing gross income from business
21 August 2024 | 3 replies
Reinvestment/Expansion (10-20% of Income)Rule of Thumb: Allocate 10-20% of your income towards reinvestment in your business or properties.Why: This fund can be used for purchasing new properties, business expansion, or other growth opportunities, ensuring continued business development.Summary Breakdown:Mortgage Payments: 25-30%Operating Expenses: 30-35%Emergency Fund: 5-10%Capital Expenditures: 10-15%Paying Yourself: 10-15%Reinvestment/Expansion: 10-20%Adjust these percentages based on your specific circumstances, risk tolerance, and business goals.