27 June 2020 | 4 replies
The PM costs for the upper tiered/paid plans are covered by that percentage if I needed them but I will re work it.I'll be talking with my lender this morning about options including non occupied option/refi.
30 June 2020 | 6 replies
I’ll also be looking out for these other lower percentages from banks.
27 June 2020 | 13 replies
If a large percentage of the population is facing hardship in the first month (and we are not just talking low-income populations - it's across the board) then it says a lot about the their financial health.
26 June 2020 | 2 replies
Running the numbers throughly with differing percentages and amounts of realistic expenses and incomes I’ve come up with a pretty consistent number on both and they both seem to be home runs in the CoC ROI department and the monthly cash flow comes to $700 for the duplex and $1,100 for the triplex (both low end estimates)I’m wondering if it’s smart to try to acquire both for my first investment(s) both are less than $60,000 mortgages and I know I could get approved for both loans but is it smart to get both now or should I just focus on one and if the other one is there when the first is established try and get it then?
27 June 2020 | 5 replies
Bridge debt is tricky right now, but I've heard it is loosening up.If you are syndicating, and do a 70% LP / 30% GP, the GP could be split up as follows (these splits can vary).GP 30% of the deal:Asset Manager 25%Money Raiser 30%Deal Finder 5%Earnest Money Deposit 5%Net Worth 7.5%Liquidity 7.5%Experience 20%Like I say, these percentages vary.
26 June 2020 | 3 replies
The percentage can be whatever you agree to; 50/50, 60/40, 65/35, etc.
14 July 2020 | 9 replies
Like what percentages to estimate for repairs and cap expenditures etc.
19 July 2020 | 50 replies
A commercial loan isn’t bound by Fannie/Freddie percentages and so there may be more flexibility, but it’s not a magic bullet.
8 September 2020 | 10 replies
This seems to be the case, since the closing costs field comes before the rehab field, and one can generally estimate closing costs off of a percentage of the loan amount.If I am bundling the rehab costs into the purchase, should I just account for the loan amount (offer + rehab) in the Purchase Price field, then leave the Rehab field empty, but calculate closing off of that number?
20 July 2020 | 5 replies
You and your partners should decide upon the key elements of the deal, including (IMHO):Ownership percentage: who owns how much.Contributions: who is contributing what (and how much); what are obligations, if any, for future contributions (for example, it's common for an Operating Agreement to say that the partners each contribute $X at closing and have no obligation to make any future contributions.