Mike Silva
First time home buyer looking to house hack multi family in NH, but values at 600k+
1 February 2024 | 2 replies
The reasons, in my opinion, should be in this order:1.
Daniel Graif
2024 Year of Making it Happen
30 January 2024 | 4 replies
Aloha All,New to BP Pro, spent the last two years building my RE knowledge foundation and getting finances in order.
Robert Williams
Title company in Illinois refuse to do a double close…
1 February 2024 | 24 replies
They will ensure all your contracts are in order, A-B and B-C, plus escrow, then they’ll wire the funds for the transaction.
Ling Rita
Interviewing property managers
1 February 2024 | 14 replies
@Thomas Shepard, @Brandon VanderfordWe politely disagree with your opinions.Ask any attorney about contracts and they will usually tell you the longer the better.Looking at it another way, if you took your local real estate board listing contracts and expanded the font size from 6-point to 12-point and made it letter-sized, how many pages would it be?
Carrie Zhang
Higher Purchase Price v. Higher Rehab Cost
31 January 2024 | 12 replies
In order to do so, you need to be able to buy at a discount that accounts for condition.
Patrick Flanagan
Building new multi family units
1 February 2024 | 17 replies
If you can find existing deals that make sense and do value add that is where the money is being made currently.
Brandon Cochran
My House Hack and first *investment*
1 February 2024 | 9 replies
What made you interested in investing in this type of deal?
Han Jaewon
Seeking Advice on Financing Rental Property Purchase with HELOC and Traditional Loan
31 January 2024 | 3 replies
I've noticed some appealing deals on New Western, but they require purchases to be made in cash or via hard money loans.
Monica Escobedo
SPI Condo Sea La Vie 202
31 January 2024 | 0 replies
You will have everything you need for you home at the beach, full kitchen with all necessities. https://www.bovr-spi.com/sea-la-vie-202-orp5b58003x What made you interested in investing in this type of deal?
Tony Pellettieri
Possible Private Lending solution to a friends HML in default? - Please Advise
31 January 2024 | 10 replies
Based on a rough analysis for a project timeline, I believe the total project can be completed in 5-7 months with the team I have available if we get involved in completing the work on the project.Deal Analysis as a whole - Actual Costs may be slightly different but estimates should be fairly closePost Construction Estimated Market Value - Lot 1: $379,000 Lot 2: $307,000 Total Estimated Market Value $686,000+- $102,000 - Cost to payoff HML & Previous Builder- $154,800 - Estimated Cost to complete House #1- $170,370 - Estimated Cost to complete House #2: Includes New Well/Septic $7500, Impact Fees $2100, Permits $1000= $427,170 - Estimated Cost to Payoff HML, Complete Construction on House #1, and Construct House #2+ $686,000 - Total Future Market Value- $20,580 - 3% Buyer Agent commissions as the current owner(Listing Agent) will be listing these properties without compensation- $2,538 - Real Estate Transfer Taxes- $1,500 - Settlement Costs Paid at Closing______________________________________________ $234,212- $27,900 - Payment to Seller for Down Payment made by seller to HML @ Origination (For her to break even)= $206,312 - Potential Return before any Interest/Fees/Taxes/EtcI've spoken to a few HM Lenders and ran rough numbers by them.