Leo Maldonado
Help analyzing a 5-unit Deal
12 April 2018 | 8 replies
Then you do one of two things, lower expenses or raise income.
Cassandra Sifford
Credit Score Took a HUGE Dive
17 April 2018 | 17 replies
If your score is, let's say, 775 in Credit Karma, you can expect your score in the report run by a lender to be 25-35 points lower (or more strict), like 740.
Chris T.
Landlords - renting out a house with basic improvements?
7 April 2018 | 8 replies
Above market rents may be achieved by tricking out a unit to the 9s and attracting a tennat with more money than brains.Charging under market diminishes the value of your property and attracts lower quality applicants.
Chad Shell
Working on my first deal and have a BRRRR? Please help.
9 May 2018 | 3 replies
You will have to decide what the break even point is for your goals.Just remember when you use this strategy cash flow is normally lower than it would be with a standard Buy and Hold deal.
Dean I.
Made 17k On My Second Flip, After Lots of Bad Luck
8 May 2018 | 29 replies
We told each of the buyers that we had multiple full price offers and that the only way they cold sweeten the pie was to lower the closing cost that we would have to pay.
Anthony Dadlani
Collateral assignment of mortgage David van Horn
3 May 2018 | 17 replies
That's what we did years ago when returns on 2nds were generally higher and our private investors were making in the 10% to 12% range...but it would probably be lower today.
Joe Ruggiero
An agent that gets it...
8 June 2018 | 39 replies
Offer is $605kOffer 2: Some unknown agent using Bank of America, offer $610k.Listing agent explain hey, they offer may be slightly lower, but A, I know Bank of America is going to cause a bunch of headaches in this transaction, and if the buyers agent who has no track record is letting a client use them, they probably dont have a clue themselves.
Christopher Oliva
questions about down payment assistance for first time buyer
6 April 2018 | 3 replies
Hi @Christopher Oliva,1) I'd be surprised if it's any different in Texas, but in California the rates/profit/etc for all down payment assistance programs are set by the non-profit and lenders brokering them in have zero ability to raise or lower them.
Craig Poskus
Cost Segregation for Capital Improvements in 2017
23 October 2018 | 8 replies
Cost segregation fees are for professional service and are fully tax deductible, so the true cost of the study will be lowered depending on your marginal tax rate.
Aman Khan
ARV for 2-4 unit property
7 April 2018 | 4 replies
I’m just doing a BRRRR on tri plex, had to pay cash for the building and rehab.Then when it’s appraisal ready should get 70% loan to ARV Or all the cost, whichever is lower.