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25 April 2019 | 1 reply
New:FloorsAppliancesPaint2 bathroom remodelsNew stair spindlesPainted the front exterior and pressured washed the sides and back What was the outcome?
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25 April 2019 | 6 replies
You may be able to convince a portfolio or commercial lender...I'd link up with a local loan broker...1% is well worth it if they can put you into money.The other alternative is to learn how to structure a purchase money mortgage.
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25 April 2019 | 1 reply
Financing & Deal Structure: Purchase Price: $1,550,000Bank Financing: $1,162,500 of Purchase Price at closing Financed by: South Shore BankInterest: 5.46 %Points: 0.75 PtsInterest Reserves: $60,000Closing Costs: $23,000Terms: 25 Year Amortization 10 Year term.5 Year fixed.Down Payment at Closing: $400,000 Private Investor + Own CashActual Rehab Cost: $385,000Summary: Purchase Price: $1,550,000Rehab: $385,000ARV 3 Unit: $2,000,000ARV 4 Unit: $2,400,000 Appraised values came in at $2,300,000 for 4 unit with lower rent roll projections given.Equity Created: $500k+Projected Monthly Rent Roll: $15,500/monthProjected Monthly Cashflow: $2,328/monthProjected CAP Rate:
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13 May 2019 | 2 replies
New kitchen, new bathrooms as well as new flooring, fixtures.
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25 April 2019 | 0 replies
New kitchen, new bathrooms.
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28 April 2019 | 10 replies
The alternative is to partner up with experience and bring the funds in.Here're some of the options you have for #1 above:1) 1031 into NNN as you mentioned 2) 1031 into DST (pretty passive)3) 1031 into a syndication as long as it is done via TIC (tenancy in common structure)As for #2 above:You can potentially buy MHP or MFH but again either you need to learn how to do it first or partner up with an experienced investor.
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27 April 2019 | 7 replies
Sorry for the weirdly structured paragraphs....
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25 April 2019 | 0 replies
New carpets Spacious bedrooms and Freshly painted with all new fixtures in addition to 2 renovated bathrooms which compliment this home perfectly for you.
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25 April 2019 | 0 replies
New carpets Spacious bedrooms and Freshly painted with all new fixtures in addition to 2 renovated bathrooms which compliment this home perfectly for you.
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21 October 2019 | 4 replies
Added central AC, new paint, some flooring, bathroom and appliances.