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4 February 2021 | 0 replies
This allowed them to wipe the stress of the rehab off of their minds and allowed them to collect a healthy interest rate to hopefully recoup some of their expenses lost during the failed design phase, while we collect the profit at the end.We are currently close to finishing up the framing phase of the project and are hoping to have it ready to hit the market on the first of May 2021!
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4 February 2021 | 2 replies
So I need a commercial lender to just look at the property and not my tax returns.The building is in great shape, cash flowing, fully leased, estimated equity of 25%-30%, I have healthy cash reserves, and a 780 credit score.
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8 February 2021 | 4 replies
But, feel like i could potentially negotiate the purchase price down to a healthy level to make it make sense. - Additionally, outside of the financials i am worried that the home is not close to a good school district (in fact, most schools around it are rated 2 or 4 out of 10 in terms of quality.
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5 February 2021 | 2 replies
But with so little of your own money in the deal after Refi, and only a small amount in the red per month, your equity looks OK at that stage, provided your valuation holds true.Do you rate it and the area for future healthy capital gain?
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4 February 2021 | 1 reply
Our brokerage has a healthy property management division which attracts a lot of investors.In the past, finding a lender or program for a foreign investor was easy but since covid that seems to have changed dramatically.Is anyone currently utilizing a lender that can/will lend to foreigners?
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5 February 2021 | 1 reply
But I made some progress, networked with another fellow investor, improved my deal analysis skills, worked out regularly, ate healthy, and identified a potential deal.
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7 February 2021 | 3 replies
I pay appx $500-$600 on CPA (for jointly filing and 7 units between 2 LLCs - my CPA has all my details as I have been filing with him for couple of years) it saves me time and hassle and if anything goes wrong or any audit I know who to call.
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23 December 2021 | 81 replies
We then entered into a Joint development agreement for common share infrastructure with them as well that will come to fruition in phase 2 ,3 ,4 which we are going to build this late spring summer.WE got the first phase of 30 lots done and platted.. cost 1.8 million.. this we borrowed from my commercial bank at bank rates.
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6 February 2021 | 0 replies
Cash flowed every month and had a healthy return when sold.
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10 February 2021 | 4 replies
I am taking out built up equity and adding to a healthy cash position to be used for other investment purposes, which includes passive offerings.