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18 July 2024 | 8 replies
I am excited to connect with as many people as possible and committed to adding value to this industry.
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19 July 2024 | 4 replies
I look forward to any advice or connections that can help me kickstart my real estate investing journey!
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21 July 2024 | 9 replies
But I think people tend to look at what a rental property is going to do in year 1 and just pass it by.i.e.
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20 July 2024 | 4 replies
Hi Ian,The best way to get this done is to refinance into a hard money rehab/construction loan.Not sure how much equity you have in the house but the ratio would be as following.75-80% * (Value of home+Cost of build/rehab) = Total Loan AmountWe would payoff the initial note (+ closing costs if loan amount exceeds construction budget & payoff), the rest would be in an escrow account for you to draw from as you complete your project.I would love to connect and discuss further on the details of this scenario!
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18 July 2024 | 9 replies
I would love to connect with people who have experience in this area or even a mentor.
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20 July 2024 | 19 replies
If you need any site work resources feel free to connect.
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19 July 2024 | 53 replies
. - Single family homes to rehab and hold or to fix & flip- Loan is in your name not your LLC- Rates between 5% and 6% depending on credit score- 30 year term loan, fixed rate, no pre payment penalty if sold or paid off anytime- Example buy at 100,000 and add 50,000 for rehab = 150,000 means 15% down payment or 22,500- So the buy is financed at 85% and so is the rehab if you look at it that way- House will be appraised off a contractors write up of the work to be done and must appraise out ARV to at least the 150,000 to make sense at all; if not loan is not approved so a buyer cannot get into trouble in that sense with lender oversight- all work must be done by licensed trades people, not the own themselvesIf this sounds plausible I'm happy to answer questions.
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20 July 2024 | 6 replies
I wound up putting in the time/effort to educate myself, make connections and take action.
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22 July 2024 | 1 reply
I'm grateful for this network of like minded real estate enthusiasts and hope to contribute to other people's dream as I live mine!
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17 July 2024 | 3 replies
@Anirudh Reddy you should NOT depend onthe cops to remove homeless people and squatters unless you verify the local laws and what the police will actually do.HOW are they getting access to the building?