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8 March 2020 | 3 replies
I think you're asking if you can roll the commission into the closing in order to only need to come up with very little cash out of pocket?
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9 March 2020 | 8 replies
Crowdfunding seeming like rolling the dice..
9 March 2020 | 7 replies
I really don't want to drop out of college, I'm doing welding but I'm having a lot of trouble doing open butt roots on 6010, I've broken out on all but one test so my grade is horrible.
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3 August 2020 | 15 replies
Here is a look at the rough final numbers:Purchase price: $53,500Closing costs: $2,600Holding Costs: $3,500Rehab costs: $24,000Total Project Cost: $83,600Target ARV: $105,000-110,000Appraised value: $102,00075% loan amount: $76,500Refinance closing costs: ~$5,000 (rolled into loan)Total cash out amount: $71,500 (limited by delayed financing exception)Cash left in deal: ~$12,000Once all was said and done, we left about $12,000 in this deal which was not as great as our first project where we actually made a little profit out of the cash-out refi.
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21 March 2020 | 17 replies
Start with rent roll, & last 4-5 years of income & expenses
9 March 2020 | 5 replies
@Larry Turner Rent Roll, P and L, utility bills, leases, property management, inspection, crime in the area, taxes, tax paid receipts, capital expenditures in last 2 years (appliances, roof, etc...).
9 March 2020 | 1 reply
Is it possible to do no points and roll the the closing costs into the loan?
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10 March 2020 | 34 replies
Its a sad but true, time tested, rule.... treat the customer a little crappy and they will want to make friends with you... well, most of time at least...Now...
9 March 2020 | 1 reply
My business partners and I are developing a 15 unit residential housing subdivision.We're looking for an excel or google sheets model we can use.We're looking at bringing in investor money in two phases, 1 phase for costs like paying back initial partners, marketing, land clearing, civil engineer, perc tests, etc, and another phase for more heavy duty stuff like purchasing the houses, build roads, install utilities, etc.Who has a model for something like this?
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9 March 2020 | 5 replies
Rental amount monthly $1425With rates being lower now, about 2.75-3% for what we have discussed with our lender on primary residence, we are thinking about doing a cash out refi on primary to pay off rental and roll it into 1- lowering both interest rates.