Christian Sidaros
70% ARV Financing?
4 March 2024 | 9 replies
It’s not so much a cap but by the time lenders add in all there fees, origination fees, doc fees, etc it ends up feeling like a 20% down payment to close instead of 10%.
Sebastian Valdez
[Calc Review] Help me analyze this deal
4 March 2024 | 1 reply
The holding period of 60 days is also likely too quick--it's counted from the time of purchase to the closing date when you sell it, so I would plan on at least 90 days since you need to completely finish the renovations, take photos, list and market the property, get under contract and then another 20+ days to close (if it doesn't fall through during inspections etc).
Edward Joseph Golden
Where is the best air bnb spot in Cleveland?
4 March 2024 | 7 replies
I'd agree with Alex, areas like Lakewood and areas close to Edgewater Park.
Donte Rome
Business partnership guidance.
4 March 2024 | 2 replies
At closing you normally can split the assignment fee between wholesalers.
Corbin Wright
What is your opinion on using The Offer Sheet to find a property?
5 March 2024 | 8 replies
These areas have traffic year round and are close to tourist attractions.
Jesse Garza
My first but definitely not my last
4 March 2024 | 0 replies
Mls..Gave full listed price but asked for majority of the defects to be fixed before closing.
Dan Aharon
DSCR loans for STR purchase in Florida
4 March 2024 | 10 replies
Coverage would be close to 100%, depending on the interest rate and what rental revenue is assumed during the purchase. 20-25% down is fine.
William Kuczmera
Is Cashing out my 401k to buy a duplex a good idea ?
5 March 2024 | 34 replies
The numbers showed that option 2 closes the performance gap as I approached my target retirement age (65+) and exceeded it in retirement.My calculation does not factor in equity appreciation - just compounding of present value.I like the fact that option 2 gives me income while waiting for retirement.
John Aaron
Wholesale friendly title company
4 March 2024 | 1 reply
Hello I’m looking for a wholesale friendly title company in Arizona, who is familiar with assignments double closing
Wangzhong Sheng
Advice for raising funds for Detroit deals
4 March 2024 | 8 replies
Also talked to various finance professionals to get creative on getting across the finish line.Initially it was me and one other GP, but we brought on a third GP to help us raise recently - pending him actually helping raise the funds.We're looking to raise 900k, 700k to close. 400k raised so far (including GP equity), 300k more needed, with 2 weeks left to close.