Joseph Ola
New Member from Toronto/Niagara Falls, Ontario
17 July 2018 | 13 replies
There are tons of resources throughout the site that can help you.
Jaromy Emery
Trying to rent my first property. HELP!
17 July 2018 | 2 replies
I've had it listed for rent for a couple of days now on a few rental sites, social media, etc, but have yet to have anyone come and look at it or inquire about it.
Brian Kraby
Building a Dental office to rent out
19 July 2018 | 6 replies
Example:Land- .5 acres - 300kBuilding - 2200 sq ft at let's say 155 sq ft for contingency since they are saying 140= 341,000Legal costs - 50,000Grading and site work- 100,000Total Cost - 791,000NNN lease - 2200 sq ft at 30 a foot = 66,000 a year NOI66,000 / 791,000 = 8.3% cap rate to cost ( break even )Market resale estimate 6.5 cap rate = 1,015,0001,015,000 market price6% broker commission = 60,900Attorney and legal to sell = 15,000Stamps, recording fees, etc. - 10k or so (varies by state and county with costs)929,100 - 791,000 = 138,100 gross profit before long term capital gains tax of holding for more than 1 year time or deferred taxes if you 1031 exchange into something else.As you can see by the numbers this deal is too thin for all the work involved.
Luke Slapa
Banks won't approve me for a Cashout REFI!!!
26 July 2018 | 17 replies
Rehab holdback of $42,500.Loan Term: 12-month interest-only balloon note.Payments: Interest-only monthly in arrears with balloon paymentat maturity.Interest Rate: 9.99% fixed interest rateCollateral: A first priority lien on Borrower’s fee simple interestin the Property and the improvements thereontogether with any personal property owned byBorrowers related to PropertyPrepayment Penalty: noneLoan Fees: The following fees shall be due: (1) 3.00 points, pluscustomary underwriting, processing, legal,administrative and site inspection fees to (**) at closingof the loan; (2) $50 application fee due upon signing ofthe term sheet.
Jeff Pagano
Selecting neighborhoods and areas to invest
14 September 2018 | 5 replies
SFRs in the suburbs are for growing families who want to be in certain school districts--these properties will have high property taxes and be at the more expensive end of the spectrum, but you can find fixer uppers and sell them at a good price after rehab if you are patient and look deep--try auction sites like Auction.com, Williams & Williams, Xome, Hubzu.
Erich Churchill
New to the real estate world and B.P.
20 July 2018 | 10 replies
This iss great site to learn and exchange ideas.
Mohammed S.
Evaluating economics of a 6-plex construction in SE Houston
19 July 2018 | 8 replies
New construction costs can vary on several factors - land development, total sqft built area, on-site/off-site utilities, retention/detention area, covered/open parking, type of foundation and the list goes on.Do u have all permits from your City/County?
Michael Mendoza
Any advice will help
18 July 2018 | 6 replies
Both of these sites tend to list most of the sold homes in the past few years.
Eric Shadowens
Looking to Network with New Investors in Louisville
21 August 2018 | 7 replies
This site and their podcast has already been a wealth of knowledge for me.
Tracy Messier
Home Purchase Agreement Broken by Seller My Rights ?
17 July 2018 | 2 replies
The first bank we applied with and after tons of paper work the bank would not set a loan at that time .Letter was dated 5/28/18 from bank .