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20 January 2022 | 13 replies
Not sure how to approach it (re: funding, loan apps and etc)Here are the numbers:Total units: 7 (4x 2 beds, 3x 1 bed)Purchase price - $675,000Renovations - $20K estimated on one unit but it can be deferred Current as is ARV (estimated) - $950K Current Rents - $6,050 (all month to month lease)Projected Rents - $9,000 (market)Taxes - $20,000Current NOI - $33,310Any pointers would be appreciated on how to proceed, what to look out for and etcWe close in 60 days.
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20 January 2022 | 2 replies
TermsRate: as low as 12%Term: up to 24 monthsNo personal guaranteeNo title insurance required (perfect for tax deeds still in redemption)No minimum FICO score4% origination feeUp to 80% LTVNo minimum term lengthGeorgia, Florida, and TexasInterest only loanMinimum financing amount $50K per applicationMust hold Recorded Deed for all parcelsFunding Process:1 Online application in under 5 minutes2 Preapproval from underwriting3 Sign contract with $40 app fee4 Asset review and final underwriting5 Funds wired within 1 business day of signing and closingPerfect for: Flips1031 exchangesResidentialCommercialMulti-unit purchasingVacant land dealsVacation and short-term rentalRV and manufactured home parkSelf-storageTax deeds still in redemption periodNot Accepted (DO NOT APPLY):Any lien properties2nd Position not accepted, must be 1stLack of clear ownershipIf you don’t have the deed in YOUR NAME
19 January 2022 | 3 replies
It could be a gift, or it could be a loan, other in his mind.Communication is the corner stone to a good partnership---pop him a call on your cellular and find out his side of it.Then the two of you can discuss other options if you think his option is not best.[2] He might want some control over you as a newbee to make sure you don't steer the ship into the rocks and put the whole investment into Davy Jones Locker.
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19 January 2022 | 4 replies
I use Wave Apps for accounting and RentmindMe for PM.
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19 January 2022 | 0 replies
It's a free app called "CDS Rental Calculator".
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25 January 2022 | 2 replies
I was wondering what tools/ apps people are using to make and share “how to” videos with their STR guests.
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16 April 2022 | 5 replies
Follow me on IG ShawnsellsNJRE, the meetup app, its also on BP.
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27 January 2022 | 4 replies
Dose anyone have advise on apps or programs that can help me automate certain portions to streamline.
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25 January 2022 | 5 replies
Many in my app pool will be with section 8 vouchers.
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30 January 2022 | 26 replies
In wholesaling, I can download an app and start knocking doors.