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3 November 2021 | 6 replies
It will be a double close so I’m wondering at what point do I call a lender to set up transactional funding?
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1 November 2021 | 0 replies
What are some websites/services that allow you to plug in specific characteristics of desired properties (for example, "I want to see a list of all properties in ______ area that are only 3 bed, 2 bath, 1000-1200 sq ft and owned by LLCs) and you are given a report of those properties.
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4 November 2022 | 41 replies
It'll cost money, but SO worth the headache.My dad and I partnered on a deal in San Antonio, a 4 bed 3 bath SFR, where he would bring in the capital and I would manage the property and work out the numbers.
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1 November 2021 | 4 replies
Over double what was in the original capex budget.
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1 November 2021 | 2 replies
Hi Joseph,Thank you for your comment.We need to replace a stove top that has downdraft with a duct that takes up a whole double cabinet - we want to see if we can move the stove top to a place where under the counter space is not as important without tearing it all down.
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1 November 2021 | 2 replies
HelloJV to market the property to through another wholesalers buyers list then share the assignment fee or gains from double closings?
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14 January 2022 | 10 replies
PenFed was able to get me double what Space Coast was able to as far as total line of credit, this is the main reason I went with them.
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10 November 2021 | 8 replies
We are looking at larger 3BD/2BA for opportunities to convert extra rooms/finished basements/garages into extra beds/baths.We noticed if the rent is about 0.5% of the total property value, we will be about breakeven for pure cashflow at the following assumptions using BP's Rental Calculator (e.g., $500k property requires ~$2500 rental income to breakeven): 5% CAPEX, 5% vacancy, 5% repairs/maintenance, and 8% property management (we have something worked out with our property manager)Here are our questions:-Would ~$600/room be a competitive rate?
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25 June 2022 | 9 replies
This is a class C 2 bed in Worcester that has an old lease at $875/month, but would rerent at maybe $1100, with some refinishing planned, I expect $1300-1400 for it once it turns over.Also, any suggestions on when or how to propose this to the tenant?