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26 May 2018 | 4 replies
Also, I took my repairs and vacancy down to 5% do to it being a complete rehab and the area is located near a military base and college.I am using a Hard Money lender and I added in the points correctly but I didn't put it as interest only as it should be.I did forget the insurance piece.
5 October 2018 | 11 replies
HIS fees have been far higher than we anticipated through this process so we are hoping to avoid a $750 reply for this information since it seems to take him 2 hours to compose every email and doesn't return phone calls.
30 August 2019 | 3 replies
How does that change the formula for wholesaling ARVx.70 - Repair Cost- Assignment Fee. ?
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21 May 2018 | 1 reply
I am needing a purchase agreement for Michigan that includes a section on repairs the seller will complete, security deposits and the seller financing terms we have agreed upon.
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28 May 2018 | 11 replies
I offered 75k but asked for the seller to pay for $4000 in repairs and concessions.
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21 May 2018 | 8 replies
The house is updated and ready to go but every time they land a buyer on the house , they jump when told we need to open it up for repairs.
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21 May 2018 | 2 replies
After Repair Value /Comps - Provide comparable sales data that confirms your After Repair ValueRepairs - Provide a detailed estimate/scope of work of the repairs that you are planning for the project.Loan Terms - Provide the financing terms (interest rate, points, holding period) you have budgeted to pay the lenderHolding Period - # of months it will take to rehab & resell the propertyOther Costs - Provide a breakdown of other costs (buying, holding, selling & financing costs) Profit Margin - Highlight the total profit & profit % you have built in the deal.
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21 May 2018 | 6 replies
I told him i do my own repairs and at my own discretion, decide if i need to hire anyone.
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16 July 2018 | 3 replies
If not you need to increase CapEx to cover potential major repairs.
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22 May 2018 | 8 replies
When tenants damage the property they are responsible for the repairs.