TOMAS DE JESUS
Looking into start investing in rehabs
15 August 2024 | 15 replies
I can have my underwriter look at some prelim terms for your investments if that would interest you as well.
Marshall C. Call II
What should I buy?
14 August 2024 | 2 replies
I don't know how long it would take and I'm not even sure I would get a response so I could be wasting time.
Alec Neu
Build-to-Rent Duplex I North of 10% Returns I Indianapolis, IN
14 August 2024 | 6 replies
Or when you say 100k .. do you mean investor has to basically pay cash for the lot and trust the home will be built etc etc.
Martin Yip Toll So
Approved for a loan. Let's see if any lenders here can beat this rate!
10 August 2024 | 14 replies
You are going to turn off a lot of lenders with your post because you are clearly going to shop every term sheet that's turned over to you with a focus exclusively terms with no regard for the servicing, loan administration and most importantly what that loan officer can offer you in the future.
Mauricio Duarte
QuickBooks for Flippers - Inventory vs COGS
15 August 2024 | 29 replies
You do not loose any data, as long as your QuickBooks is set up right and you have a process and procedure to record the transactions.So let me ask you a questions, say you post it to COGS - and I ask you what your profit is for this year.
Manuel Angeles
Market Report: Office in Los Angeles County, CA as of August 1, 2024
11 August 2024 | 0 replies
Although all of the Los Angeles metropolitan area's twenty-one office submarkets contributed to the metro's recent rent growth, it is worth noting that the 0.8% asking rent growth rate of the past 12 months compares unfavorably to the metro's long term performance.Competitive Inventory, Employment, AbsorptionTotal employment in the Los Angeles metropolitan area increased by 14,200 jobs during the first quarter, representing a growth rate of 0.3%, while in the dominant office-using industries, employment grew by 4,600.
Julie Muse
Quick Turnaround Success: Profitable Flip in Houston!
12 August 2024 | 0 replies
Purchase price: $93,000 Cash invested: $18,000 Sale price: $145,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Lawrence Cosper, purchased a home on W Knoll St, Houston, TX, for $93,000 on 2/18/2022.
Vincent Donato
For Sale property was sold for 2x price a year ago, what do you assume?
13 August 2024 | 3 replies
I'm seeking out distressed property on Long Island that could use some rehab.
Rebecca B.
DSCR Loans - What to ask and what makes a good candidate for cash-out refi DSCR?
8 August 2024 | 12 replies
We lived in it for a year, remodeled both units and put in place a long-term tenant on one unit and a mid-term tenant on the other.Here's a little more details about this deal:* Purchase price: $163k* Financed price: $132k @ 7.625% APR* After repair (estimated value): $225k* Gross rents: $2150 ($750 one year lease & $1400 six month lease)* Annual taxes and insurance: $7000* Approx credit score: 650 (I used interest free credit card to pay for remodeling this property and maxing it out caused my score drop almost 50 pts!)
Connor McGinnis
Financing an apartment complex
9 August 2024 | 9 replies
However, it takes a long time to pay off this property and forces me to accumulate much more interest over time.