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4 November 2011 | 16 replies
I have alloted money for pool at 2000 for pool/pump/filter.I am using a hard money lender for financing details as follow:Gross Loan Amount: $93,445.50 (closing costs included)Net Loan Amount: $90,000.00Loan Term: 3 YearsAmortization Type: Interest OnlyInterest Rate: 11.500% Estimated Payment: $862.50Buy down Option: 8.500%Buydown Payment: $637.50 Buy down Costs: Add 1.5% to lender feePrepayment Penalties: N/ALender Fee: 2% of net (us)Underwriting Costs: $950.00, due at submission of signed offerThe details will change a little based on end negotiated deal.I have looked all over the web for ARV, and I am relativley certain that I will be asking 135000, expecting to get 120-125000.I know I am probably leaving something out, so please ask and I will follow up asap.Thank you in advance for helping out a new investor!
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3 November 2011 | 4 replies
Thank you in advance for all your help.
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6 February 2012 | 10 replies
I appreciate the feedback in advance.
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6 November 2011 | 4 replies
. :)Thank you in advance.
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6 November 2011 | 0 replies
Our corporation cannot loan the money to the wholesaler because its not allowed with our 401K.Can someone send us some directions, Thank you in advance for all your assistance.
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12 November 2011 | 17 replies
Spinning my wheels, networking with as many investors as possible, searching for the real deals, just basically putting in work and realizing it doesn't happen over night...For all the major players, the true investors: if you would please,enlighten me and all the newbies out there, what your typical day or week is spent doing...
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24 July 2017 | 19 replies
Lender had all wiring docs/info weeks in advance).
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8 November 2011 | 4 replies
The single family play is more the break even in cash flow (sorta like what you proposed) and hold out for equity appreciation, eventually selling it to cash out or cashing out on rents when you own free and clear in 30 years.I'm more of a cash flow player and thus look at multifamily houses.