Brian Howse
Duplex, Condo or Rent?
28 April 2024 | 1 reply
Know that it will cost you probably $3,000+ just in closing costs to buy whatever you buy (all just dependent on the price and what the fees are for your government and lender.)
Account Closed
Ashcroft capital - Paused Distributions
29 April 2024 | 248 replies
It's cost to acquire is closing cost's, down payment, the cash at closing AND monthly cost's going froward.
Jake Burkons
What card to get at 18 years old for a young real estate investor
29 April 2024 | 11 replies
Additionally, consider cards with no annual fees to keep costs down.
Prem Jain
Seeking Advice on Lending Money for a Home Purchase in Texas
28 April 2024 | 5 replies
I'd love to put you in contact with these people and start marketing your services to them, I have done this maybe 40 times now with my current lenders and i typically just add my payment into the HUD and the borrower pays it, this service wouldn't cost you anything.
Rolan Meyer
Advice and Opinions on Deal Structure for Flips
29 April 2024 | 8 replies
If you're not having conversations with your hard money lenders like, 85-90%+ of the purchase price, 100% of your rehab costs and maybe even financing your mortgage payments, advanced draws on your construction budget, you might be risking more money out of pocket than you need to.
Andrew C.
Negative Experiences with Smart Asset Realty?
28 April 2024 | 0 replies
I may be going into litigation with them and I'm looking to connect with other investors who might be interested in joining together to help save on legal costs.
Emily Berry
Including Repair Costs in Bank Loan If Property Appraises for Purchase Price + Rehab
25 April 2024 | 3 replies
Orignally, I was going to buy the house for $200,000 and use either hard money or a HELOC for the rehab costs.
George Suarez
New investor, looking for advice!
28 April 2024 | 4 replies
The cost of raw materials and contractors has also gone up.
Richard Goore
Loan options on 4-plex in IN
28 April 2024 | 17 replies
DSCR lenders will have different rules on seasoning (i.e the amount of time between when you bought the property vs. when you closed on the refinance) for how much cash you can pull out and whether or not the appraised value, as opposed to the cost basis (purchase price + rehab costs) can be used to determine the loan amount (i.e LTV * appraised value = loan amount).
Troy W. Hudson
New to REI at age 60
29 April 2024 | 10 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.