Ethan Gidcumb
Who offers a Loan based on the After Repair Value (ARV), of a Fix and Flip?
16 June 2024 | 4 replies
I find that it's very rare that a lender will actually close at this amount of leverage because they would typically be putting up a much larger amount of funds than the property would be worth at the time.Has anybody actually worked with a lender that did fund based off of the LTARV?
Cathy T.
Wanted...bonus CD to "Millionaire Real Estate Investor" book
19 June 2024 | 12 replies
I am finding it to be very informative, but the narrator keeps referring to diagrams and work sheets on the "bonus CD"....well, the audio version did not come with a CD.Does anyone out there in BP land have a bonus CD to this book that I could buy for a reasonable amount, plus shipping?
Account Closed
underwriting mixed use
19 June 2024 | 4 replies
You posted the raw data, just go one layer deeper to get to % returns to confirm your purchase price in relation to your expected return/profit/cashflow:$5,500 + $3,000 = $8,500/mo or $102k/yr GOI (gross annual rent collected)Knock off 25% for expenses and you are at $71k/yr or $5.9k/mo NOI on this $1.05M investment or holding this at a 6.8% cap rateWith your 7%, 75% LTV loan, you'd be paying $5k/mo for the loan, leaving you with $900/mo or $10.8k/yr in Cashflow.Now to determine your CoC return (Cash-on-Cash), take the $10.8k in CF and divide it by your equity-in, likely ~$300k, so 3.6% return on your cash/equity in this deal.
Olga Yazovskaya
Financing renovations for a condemned 6 unit property
20 June 2024 | 9 replies
Unless you have 300k cash on hand to handle the rehab, getting a HML or PML to do the work will be impossible since its ARV will be less then what is needed is needed to get it rehabbed.
Hamidou Keita
Newbie with questions about other newbies experience in Detroit real estate market
19 June 2024 | 11 replies
Are you cash flowing?
Brad Parker
Inheriting a long term tenant!
18 June 2024 | 5 replies
This tenant has lived in the home for 10 years, and pays a VERY low amount in their monthly rent.
Mike Thomas
Katy, Texas home that I plan using the BRRRR Strategy
19 June 2024 | 0 replies
Purchase price: $252,000 Cash invested: $25,000 Brick house, 4 bedroom, 2.5 Bath How did you find this deal and how did you negotiate it?
Christine Okamoto
What to expect in terms of administrative labor for Lifestyles Unlimited
18 June 2024 | 2 replies
For those in the highest tier (or know about it), can you give a general description/example of how the process goes in terms of if you have to fill out a lot of forms in order to invest in properties (and if so approximately how many) and what amount of time you spend a week on your investments?
Carol D.
Investing with ARRIVED HOMES
17 June 2024 | 15 replies
Low initial investment amount ($100 is the minimum purchase)2.
Kymberly Chase
Taking Line of Credit from my STR business
20 June 2024 | 12 replies
Can I take out a HELOC/somehow leverage to pull cash out for a down payment on another property?