Ling Rita
Interviewing property managers
1 February 2024 | 14 replies
But as you say, by all means, be sure to cover all bases.
Garrett Kroll
Anyone investing in boutique hotels?
1 February 2024 | 15 replies
As an angler myself, I'd love to find something that I could renovate for that customer base!
Kay Hart
Long time tenant but it's time for an increase
1 February 2024 | 15 replies
Both are based on the current value of your home, which hopefully has gone up.
Kyle Ratzlaff
Long Term Lease
31 January 2024 | 0 replies
This is a well qualified tenant based on background check and income.
Michelle Gonzalez
recommendations for women investors
31 January 2024 | 5 replies
She is based in Texas as well and has helped a lot of women get started in real estate.
Bruce Woodruff
Anyone noticing the VRBO ads?
30 January 2024 | 9 replies
As y'all know, I was never a fan of Air, and I feel that this is them getting exactly what they deserve, lol..it's fun to watch.
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.
Benjamin Foullon
Looking for Financing
1 February 2024 | 13 replies
More on DSCR loans:DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.
Kevin F.
Accidentally landlord now owns two SFH used as rentals. What can I do to further this
30 January 2024 | 1 reply
You have to make sure there is reserves if everything hits the fan at once.