Deon White
BRRRR Capital Partners (Off Market)
17 May 2024 | 3 replies
Currently under contract for a large off-market residential property.Quick details: 4,200+ sqft 12bed / 5bath (2 kitchens) (No a flood zone)(Light - Medium rehab / rent-by-the-room play)My partner has been a PM in this community for 20+ years and is highly confident in this deal (as am I).The current issue is, we aren't confident the property can close with a bank due to a few seller complications.( ^Very long story, but if you want to hear it I will tell you haha)We're looking to over-raise about $335k ($255k purchase and $80k for the rehab).But we (and our contractors) know the rehab portion will come in a bit lower.Can anyone point me in the right direction?
Joseph Skoler
Transfer real property from s-corp
20 May 2024 | 28 replies
If the property is not depreciable (IE the allocation of the purchase price to land), then it can escape ordinary treatment, but it also isn't depreciable.https://www.thetaxadviser.com/issues/2011/apr/casestudy-apr2...If you find a cost seg provider that legitimately carves out 60% of the purchase price of a building to short life property, let me know who it is My experience is more like 20-30% on average of the building basis from an architect based study unless it is something like a Hotel/Motel or Mobile Home / RV Park.
Malico Watson
How do I secure a line of credit for new construction
18 May 2024 | 6 replies
You are able to get a hard money style loan 50% of purchase of land , 100% of construction upto 65% of the ARV
Matthew McDonald
Nice to Meet You - Anyone in Columbia, SC?
17 May 2024 | 19 replies
I have purchased 50+ units around town in the last year and looking for more.
Ariana Jones
Interest Rate Hike Decreased My CoC Return, DSCR. Should I Back Out?
18 May 2024 | 12 replies
Here are the terms: Purchase Price: 255,500Loan Value: 229,950Sellers Credit: 15,000Down Payment: 25,550 (10%)Debt Payoff: ~22,000Interest Rate 8.12%This high debt payoff has doubled since I initially started this process (at first it was 10K) and lender is telling me it's due to the interest rate increases.
Christian Anderson
Looking for helpful advice/insight. Beginner here!
18 May 2024 | 14 replies
Depending on the area and credit score - I can get you up to 90% of the purchase price and 100% of the rehab budget.
Daniel Vanhala
Any options for seller to provide down payment?
16 May 2024 | 13 replies
If it makes a difference, the DIL could purchase in her name or in her construction company's LLC name.
Shaunta M.
Windows in property
17 May 2024 | 14 replies
Hi everyone i purchased a property and found out from the tenant that all of the windows are sealed shut.
Ian Noble
Choosing a Syndication to Invest in as an LP : Syndication Comparison Tool/Calculator
17 May 2024 | 9 replies
Here are a few: I just saw a LinkedIn post with a sponsor talking about how they are underwriting using cap rate compression, meaning that in 5 years the sales price cap rate will be 50 bps lower than the purchase cap rate.
Sabrina Flores
Real Estate Investing Techniques
17 May 2024 | 5 replies
Sellers over price the property in their mind and belief, so it requires some negotiations once they are located.There are plenty of properties that have not been on the MLS to buy, but the techniques we use to buy them means we have equity at purchase and we don't need to use banks to do so.It does require capital, and an understanding of what makes for a safe investment.