Michael LeBlanc
When should I establish a Legal Entity?
8 March 2024 | 8 replies
@Michael LeBlancNot yet I really don't think it would add value to you for the fees due.
William Burns
Non-Conventional Financing Fix & Flips
10 March 2024 | 15 replies
Next it will all come down to the numbers for the deal to really confirm 80%-90% LTC/LTV on purchase, 100% of rehab (funded in draws) not to exceed 65-75% ARV (depending on the lender, most are 70-75% ARV) Kiavi is a great lender, but it comes at no surprise as their internal credit analysis throws me for a loop sometimes (and shocks me, as very qualified borrowers sometimes still don't make it through that analysis)In short, you simply need to connect with the right lenders and each will have varying rates, costs, fees, etcBill Fay referenced the Hard Money Lenders link here on BP which is a great direct resource!
Alex Yakubovich
STR for SFH: Does it make sense?
10 March 2024 | 8 replies
Here are some additional FAQs on cost segregation to help you take a deeper dive.
Erik Dofelmier
Prescreening Prior to Showing & Still Nothing
8 March 2024 | 44 replies
Non refundable pet deposit of $250/pet with monthly pet fee of $20/pet required.
Laurent N.
Major Rehab/Construction Loan on Inherited Property
9 March 2024 | 3 replies
Additionally, be sure to have a solid business plan in place to present to potential lenders.2) In addition to a construction loan, you could also explore other financing options such as traditional mortgages, lines of credit, or even private investors.
Larry M Shepherd
401k Withdraw for first REI? Good idea or stay away?
9 March 2024 | 3 replies
I know there will be taxes and fees I must pay to do this.
GG Smith
New Investor Need Advice: Private Lender, Short Term, Low Cash on Cash
9 March 2024 | 2 replies
Additionally, the potential for value-add opportunities such as adding a ministorage or other high cap rate investments in the future could further increase the overall return on investment.Considering the potential for appreciation, the current NOI, and the future potential for additional income streams, this property could be worth considering as a long-term investment, despite the initial lower cash on cash return.
Jay Jonez
Sub 2 - Seller having buyer remorse
11 March 2024 | 28 replies
Well folks your going to be hearing a lot of these stories, thanks to Pace while he is making money on membership fees and selling his book, it’s funny to me how people take this to face value.
Felix Shi
Spent 250K to add an ADU in South Bay or buy a condo in East Bay in 2024
9 March 2024 | 26 replies
Most condos don't appreciate much (especially in today's market), and I am seeing HOA fees continue to rise year after year.In terms of value added, it costs about $400/sq ft for a standard ADU here in San Jose, so it would be worth it only if you are in one of the highly sought-after neighborhoods.
Paul Sassin
Utilities Not Paid- AGAIN
8 March 2024 | 9 replies
Tell them when they pay the rent, you need a copy of the utilities bills to ensure they are being paid or as you said you pay and they add it to their rent.