Darryl Jackson
I would like to know how to flip a house
18 September 2018 | 3 replies
@Darryl JacksonHow much you need can depend on many factors , the purchase price of the home , the rehab costs etc.Also if you are going to pay all cash or leverage ( hard money or private money loans etc ) If you don’t own your own home I’d suggest doing a live in flip or house hack as you can take advantage of low money down loans like an FHA loan for 3.5%Many people have used this as a way to start out and gain equity that they then use for other deals .It’s possible to do deals without your own money if you do a joint venture type deal but could be hard to find someone to partner without experience, might have to give up more than half the profit but still better than no deal .
Landon Belk
How many properties do you flip a year?
20 September 2018 | 2 replies
Both were in hot markets. 600k I sold for low to get rid of very quick.
Elliott McLeod
Calling all Mortgage Originators and Commercial Loan Officers!
19 September 2018 | 2 replies
I'm located in Central Washington (Wenatchee Area) and I have a Cash Out Refinance scenario that I need a solution to and i'm hoping you all can enlighten me on some ideas or referrals.We have 2 properties (1 - Four-plex, & 1 - Duplex) with 2 loans that we would like to consolidate into 1 loan on the 4plex with the duplex then owned free and clear to make available to open a LOC for future investing opportunities as they arise.We owe 158 on the 4-plex and 91 on the duplex for a total of 249kthe initial appraisal came back at 300k for the 4-plex but it's very low for our local market.
Kelly Moniz
Experienced investor looking for advice on next move.
21 September 2018 | 8 replies
Then make low monthly payments until the next deal comes around to get more cash.Best of luck!
Andria Kobylinski
Hey Richmond, VA - How are you creating cashflow?
22 September 2018 | 7 replies
I know that house prices are inflated here much like the rest or the country but it also seems rents are low.
Rob Brown
Asset Allocation for Real Estate Investors - % of net wort in RE
14 November 2018 | 6 replies
I have read J L Collins simple path to wealth and he recommended vtsax because of the fees being incredibly low.
Matt C.
Too Much Supply on Northside?
19 September 2018 | 3 replies
Lots of development that comes on-line 2 years late.All that being said, there is one market for high rise condos and different market for homes/ low rise property.
Bobby Stead
[Calc Review] Help me analyze this deal
2 October 2018 | 3 replies
The vacancy % seems a little low to me. 2% means that in-between tenants the unit will be vacant for only 1 week each year.
Lin He
Institutions gets into flipping
18 September 2018 | 0 replies
Two, more importantly, it works now in certain parts of the country because of their low capital cost basis and more importantly, the current low-interest environment, which allows them to own SFR as rentals with bare positive cash flow in lower-priced markets.
Reginald Willhite
CA Business Entity Qs: SDIRA Investing vs. Cashflow Portfolio
20 September 2018 | 7 replies
It would take a 4.5% ROI just to cover your admin costs and break even.You could look at simply opening a self-directed IRA with a low fee custodian like IRA Services Trust Co in the Bay Area or Kingdom Trust Co in KY.