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6 June 2024 | 3 replies
This makes these units ineligible for conventional purchase which really effects the resale for owners.I don't know what kind of numbers you are looking for, but I have a Duplex just north of downtown with a potential note assignment at 5% interest.
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6 June 2024 | 7 replies
After purchase, you can raise the rent on the current tenant or terminate their lease and find a new renter.
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5 June 2024 | 3 replies
Seems like the cash flow is tight if a refi or 2nd will make it go negative but if you want to tap the equity to purchase more then that maybe the route.
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5 June 2024 | 14 replies
I did a test and input this data into ChatGPT: What is the ROI and monthly cash flow on a property purchased for $135,000?
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2 June 2024 | 1 reply
So my plan is to purchase the property, build a quadplex and once completed roll the land and rental into a consolidated VA loan at 0% down, no funding fee and closing costs rolled into the loan.
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5 June 2024 | 0 replies
Purchase price: $40,000 Sale price: $50,113 Contributors: Peter Vekselman Partner Driven, in collaboration with Preston Moore, successfully completed a quick sale on 43rd St, Fairfield, AL 35064.
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6 June 2024 | 2 replies
But in analyzing the numbers, my market it looks like I can pick up land for 35-45k, moving cost 15k, purchase of an older home and rehab 50k.
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9 June 2024 | 35 replies
@Matthew Gentile one main factor to remember Income is critical in this business to obtain financing of any magnitude and a stable well paying W 2 allows you to obtain debt for your RE purchases plus if you have health bene's etc that's critical as your family grows.
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5 June 2024 | 1 reply
Purchase price: $168,000 Cash invested: $28,000 Sale price: $245,000 Converted primary residence into buy-and hold in 2020 and sold in 2024 when tenant left and partners needed to go their separate ways What made you interested in investing in this type of deal?
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5 June 2024 | 0 replies
Purchase price: $74,900 Cash invested: $43,000 Sale price: $204,900 Contributors: Peter Vekselman Partner Driven, in collaboration with Billy and Traci Medlen, successfully completed a fix-and-flip on Briar Oak, Crocker, MO.