Steve Vanderlay
Turnkey companies for foreigners
9 December 2021 | 6 replies
I live in the US, but I did make an investment Out of state utilizing a turnkey provider (see post below).
Mario Malpelli
[Calc Review] Help me analyze this deal
10 December 2021 | 4 replies
If you are paying the utilities for the tenants, that is one reason....~$800/mo for taxes is high...any chance that's an annual number input as a monthly number?
Alex Prescott
How hard it is to get a hard money loan for your first flip?
9 December 2021 | 6 replies
With ARV at 135,000 at a maximum loan of 70%, you can borrow up to 101,250 which means, in this scenario, you could get the 85% of acquisition and 100% of rehab, i.e. total loan amount of 83,750 with an initial release at close of escrow at 63,750 which is 85% of acquisition, and, the rehab holdback of 20,000.15% of the 75,000 acquisition down is 11,250 and closing costs are likely ~3,000 so you initially need ~15,000 to closeAfter close, a prudent hard money lender will require reimbursement style draws which means you must first complete at least phase one of improvement/rehab to the property before drawing down on the rehab hold of 20,000.With only ~5,000 left over after close, you don't have much room for soft costs like utilities, nor much room to get the rehab started, nor much room for the monthly debt.
Steven Woods
Small Multifamily development Q's but need A's!!!!!!!!
29 December 2021 | 3 replies
Utilizing realtor connections can be helpful.
Andrew Ross
First ever real estate deal
9 December 2021 | 2 replies
I was able to utilize a VA loan with some first time home buyer program and NO money down so I ended up rolling around $100k profit into my next property after two years with literally ZERO dollars spent.
Andrew Ross
First ever real estate deal
9 December 2021 | 5 replies
I was able to utilize a VA loan with some first time home buyer program and NO money down so I ended up rolling around $100k profit into my next property after two years with literally ZERO dollars spent.
Femi Salami
Tenant Move Out, how to handle utilities?
16 December 2021 | 6 replies
Or even with a PM is it my responsibility to reach out to the utilities company and get that put in my own name?
Ignacio Linares
Please critique my analysis
20 December 2021 | 25 replies
Mngmt: 76/month (9%)Utilities: I'll have tenants pay all utilitesTotal Expenses: 834Estimated monthly cash flow: 15 dollarsDid I run my numbers correctly?
Christian G Leone
FHA Loan House Hack in Expensive Area?
18 December 2021 | 11 replies
@Boris PortnovI was thinking about utilizing a FHA loan for my first investment purchase, but the problem is I wouldn't be house hacking, so with me not living at there, I'd have to use conventional lending.
Bruce D. Bolton
Become a heat “vendor” for my own building ?
12 December 2021 | 3 replies
If you can separate it out then you can usually either let them setup their own account with the utility (best option) or submeter them, but in most states you cannot charge any more than you spent.