John Lewis
Best way to acquire 2-4 unit
6 November 2017 | 1 reply
I want to know who else has used this house hacking strategy.
Benjamin Ervin
Deal Analysis - Good First Flip?
8 November 2017 | 3 replies
PURCHASE COSTS: Purchase Price ($62,000.00) Inspection(s) $400.00 Appraisal(s) $450.00 Survey(s) $0.00 Lender Fees/Costs $0.00 Closing Costs ($5,200.00) Other $0.00 Total: -$66,350.00 REHAB COSTS: Labor (from page 2) ($13,900.00) Materials (from page 2) ($16,380.00) Total: -$30,280.00 HOLDING COSTS: Mortgage Payments $0.00 Property Taxes ($300.00) Insurance ($700.00) Utilities ($900.00) Lawn Care $0.00 Other $0.00 Total: -$1,900.00 SELLING COSTS Selling Price $130,000.00 Commission To Agents ($7,800.00) Buyer Home Warranty ($500.00) Buyer Termite Letter ($50.00) Buyer's Closing Costs $0.00 Seller's Closing Costs $0.00 Total: $121,650.00 PROFIT: $23,120.00 On to my questions:- Other than potentially needing to pay some of the end buyer's closing fees, am I missing anything else that should be accounted for?
Peter Sik
Low credit score but with co-signer
8 November 2017 | 8 replies
ONCE your accept co-signers you set a loop hole for anyone else that want's to rent that doesn't qualify.. so you'll need to let others rent with co-signers.The only clause we had for using co-signer was if applicant was a student and then we would permit co-signers.She wouldn't qualify in my standards.
Joel Harrison
How to begin with what I’ve got....
9 November 2017 | 6 replies
If the interest you're paying your father or someone else, combined with the interest on the mortgage, combined with the principal paydown, the rent received, the expenses... if everything results in cash flow that meets your goals, then it will all come down to mustering the faith to take that next step.I would highly recommend connecting with someone locally who has house hacked... pick their brain, learn how they made it work, etc.
Account Closed
HOA Fine Wiped out at foreclosure?
16 November 2017 | 10 replies
they will call threaten beat their chest but you buy at trustee sale and you don't owe them. they are not super liens like other states were utls can survive.only thing that survives a west coast foreclosure is IRS and some senior deferral tax's and ad valorum. everything else junior to the DT or not recorded goes away..
Lee Carrell
Have You Ever Had... I Have!
14 November 2017 | 4 replies
What else have you had a tenant that you are in court evicting have the nerve to ask you to do?
Joseph Dzwiniarski
Deal Analysis - Kansas City Class C property
20 November 2017 | 24 replies
So I'm not sure am I missing something else?
Mark Young
Talking with a Realtor/Broker
14 November 2017 | 2 replies
But I just don't know what else to come at her with.
Frank A Enriquez Jr.
First Post - New to Investing & BP
14 November 2017 | 6 replies
(using a template from someone else) lolLet me redo here:My name is Frank Enriquez.
Seth Rouch
Needing to fund deal(s) which sites/lenders & why? vs Private $ ?
21 November 2017 | 16 replies
I realize that some money is better than no money, but that leaves tighter margins if something else comes up, market changes, etc.