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22 December 2024 | 1 reply
Investment Info:Single-family residence fix & flip investment.
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2 January 2025 | 1 reply
I purchased sub2 a handful of times for fix-and-flip types of situations, where I was in and out of the deal in 3 months.
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10 January 2025 | 12 replies
Start with a fix and flip loan - this will include a percentage of the purchase price and usually 100% of the rehab.
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4 January 2025 | 0 replies
For fix-and-flip pros, BRRRR enthusiasts, and wholesalers alike, the landscape looks different than it did just a couple of years ago.For flippers: What’s your approach to finding end buyers in this market?
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3 January 2025 | 0 replies
Can anyone recommend good companies to root cause and implement solution to fix this issue?
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3 January 2025 | 4 replies
We've done around 60 deals using the fix-and-flip strategy, BRRRR strategy, and build-to-sell strategy!
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5 January 2025 | 11 replies
- prop 13 basically fixes the property tax.
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6 January 2025 | 5 replies
as is prop value 75k and minimum loan size of 50k. as long as its turn key 30 year fixed is available. yes there are some fees and rate will be a touch higher. if it cash flows get it closed.
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4 January 2025 | 1 reply
Here is some key information:Property recently hit the market and has 2 cash offers alreadyThe seller provided a pre-inspection report, which I shared with 2 different lenders, both think it may fail conventional financing due to potential structural and electrical issues (realtor thinks it could pass conventional)Seller has 100% equity but is behind on other payments (not sure of the urgency money is needed)This is my first attempt at an “investment” property so I’m new to thisI see 3 optionsMove forward with an offer using conventional loan pre-qualification-Not as attractive of an offer to the seller-Possibility that appraiser calls out structural/electrical issues that need to be fixed before closing, effectively causing financing to fail- Best terms and fewest loan fees for meUse a rehab style loan such as ChoiceRenovation-Even less attractive than a conventional offer to seller, but less risk of failed financing if appraiser calls out issues-Slightly worse fees and interest rates compared to conventional-Lenders tell me possibly up to 60-90 days closing in some cases, with red-tape for contractor requirements and draw schedules (sounds like the most hoops to jump through during rehab)Use a hard money lender-Most attractive loan option I can give to seller so I can compete-Much higher fees and interest rate for me-need to refinance into a conventional at the end of rehab (not familiar with seasoning periods but I think this is a factor as well)Which option would you do?
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7 January 2025 | 5 replies
Even though the interest rates are high, it’s a great tool for people who don’t have all the cash to do a fix-and-flip.