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4 April 2018 | 4 replies
The borrower and the asset itself.Borrower:Your credit (are you a trustworthy borrower), are you capitalized enough to float this project/ cover the debt, track record (borrower/ contractors experience).Asset:Comps (as-is & ARV), LTV metrics (lender can help verify these if you have questions), detailed budget and scope of work, tentative schedule, exit strategy.Of course any lender/ partner will dive in a little deeper after the initial pitch but if you have all of the above ready for your initial conversation it will go a long way in getting deals approved/ partners on board.
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3 April 2018 | 3 replies
Which do it yourself projects on home renovations have given you the best returns?
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3 April 2018 | 2 replies
I decided at the time that I wouldn't pursue it as I convinced myself it was risky in case the neighborhood turns for the worse.Well, the property I purchased ended up renting very quickly and for $200 above the projected rent and the property next door just dropped in price, so it's looking attractive again.I'm hoping BP can convince me one way or the other.
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10 April 2018 | 21 replies
Using correct vacancy rates, tax numbers, and rent projections will allow you to compare deals across markets.
5 April 2018 | 13 replies
This is not a complete rehab project.
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4 April 2018 | 12 replies
I'm just trying to create a solution here.Also because of the condition of the house and trailer, I only see it as a rehab project.
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4 April 2018 | 11 replies
After many years of reading about real estate and drooling over development projects, I found a network of people that were willing to show me the ropes!
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4 April 2018 | 2 replies
I also have 12% projected as management cost and I’m figuring that cost at full occupancy to remain conservative; however, based on conversations so far I believe I can get this down to 10% of rents collected.I see this property throwing off roughly $1,812in cash flow ($151/mth).
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4 April 2018 | 2 replies
Quick question, I've been looking at rehab projects with contractors and have been asked to disclose property information (asking price, ARV ect.)
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16 April 2018 | 6 replies
https://altos.re/r/85542a0 Here is the city were we currently building out a 23 home project.we are priced new construction at 439k to 469k exactly the sweat spot.. we have only 5 left after starting the year with 21 to sell.. this project will start to finish in just about 1 years time.although from the time I put the first deposit on the dirt to the time we went vertical took two years.. so total 3 year process.