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16 February 2024 | 1 reply
And, with only 10% needed down for the purchase of the property, and only 10% down needed for renovations, it seems that if we buy a property right, renovate it and add 10% in value, we could potentially refinance into a more conventional loan without having to bring additional cash to the table .
16 February 2024 | 1 reply
This sale price reflects the property's enhanced value due to the thoughtful and well-executed improvements.Profit Calculation:Sale Price: $205,000Less Purchase Price: $70,000Less Renovation Costs: $38,000Less Holding Costs: $5,000Total Profit: $92,000 (before any additional transaction fees or taxes)This project underscores the effectiveness of strategic property selection, focused renovations, and market positioning.
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16 February 2024 | 10 replies
I love that you are looking to get started and would be happy to answer additional questions for you.
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16 February 2024 | 7 replies
Additionally, consulting with a mortgage broker could open up more avenues.
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16 February 2024 | 2 replies
Great additions!
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16 February 2024 | 12 replies
Additionally, while it's not uncommon for syndicators to have affiliations with related businesses such as construction companies, proper disclosure and management of potential conflicts of interest are essential to safeguard investors' interests.Investing in syndications does involve a level of trust in the syndicator's expertise and integrity.
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16 February 2024 | 8 replies
I am building 2 additional buildings on the spare land.
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16 February 2024 | 1 reply
Furthermore there will be a "non compete" clause to prevent the apartment from adding additional in unit connections.
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16 February 2024 | 0 replies
. - if there is a new (additional) tenant they would have to go through new applicant screening2. provide notice to vacate Looking for see if i am missing any component of the next steps in this very delicate situation.
17 February 2024 | 11 replies
So, is my time spent posting a link to the unit on a third-party website for additional traffic acceptable?