
30 December 2024 | 14 replies
I'm looking around to find some investors to take it from me and just feel a little lost with dispo, i want to make my deals super sweet sugar coated cherry on top for all my investors on my list so what i ask is if you can rip apart this deal for me and make sure i have enough meat on the bone for my investors, below are the statsFirst off address, 1011 Richard Bell Ave Perry FLPurchase price $110,000Seller says the bank is willing to let go of mortgage for $91,000ARV $180,000-$200,000Needs new roof (20 years old) and central ac system went down about a year ago (around 4k for 3 ton ac)Ive been in roofing for about 2 years and im estimating the roof will cost between 18k-20kI take constructive and negative criticism very well and i only want to improve, no opinions are unwelcome i want full scrutiny with this deal please.
27 December 2024 | 3 replies
We came to an arrangement where any sale price over $1 million, minus construction costs, would result in a profit-sharing opportunity.I’m currently trying to determine the After Repair Value (ARV) for the property but am having difficulty finding reliable comparables.
29 December 2024 | 9 replies
Typically when you see "cash only" the agent doesn't believe the property can pass a home inspection which isn't relevant for construction loans in most instances and there are plenty of banks, hard money lenders etc. who offer construction financing on distressed buildings.

9 February 2025 | 173 replies
I just never read Terms & Conditions before using websites, apps or software updates.

28 December 2024 | 1 reply
This allowed me to get a construction loan to repair the other buildings and repay my investment into the property.

19 February 2025 | 88 replies
Right now I am looking at a new construction, we are planning on recouping equity investment through refinance, holding for five years, and selling it to cash in on the appreciation. very knowledgeable post, thank you

9 January 2025 | 21 replies
Cost of construction keeps going up so you need to spread out the cost over multiple units.

11 January 2025 | 420 replies
Only the data differs.Here's the summary...Here's the example, without Loan Acceleration: Loan Amount $ 200,000.00 Total of Payments $ 386,511.57 Interest Rate / yr 5.00% Total Interest Paid $ 186,511.57 Term (Years) 30 Payoff (years) 30.00 Monthly P&I $ 1,073.64 Number of Payments 360 (Sorry - copy-and-paste from Excel doesn't work quite like it should in the forum software.)Now, here it is WITH loan acceleration: an additional $15,000 once a year: Loan Amount $ 200,000.00 Total of Payments $ 252,073.75 Interest Rate / yr 5.00% Total Interest Paid $ 52,073.75 Term (Years) 30 Payoff (years) 9.17 Monthly P&I $ 1,073.64 Number of Payments 110 .So, there's the savings in interest (numbers rounded):Without debt acceleration, $186,512 over the life of the loan.With debt acceleration, $52,074.Total interest savings: $134,438."... b-b-but David, what about the interest on the HELOC?"

4 January 2025 | 14 replies
Having proper software and systems3.

31 December 2024 | 5 replies
High rates are here for at least the medium-term (1-2 years), so deals will have to pencil in this current environment.You may also want to consider hard money for your lending, as they can often fund your construction with far fewer restrictions than a HomeStyle loan.