Benjamin Foullon
Looking for Financing
1 February 2024 | 13 replies
None of those 3 things are factors with a debt service loan.
Nik Frid
What other costs can be added?
31 January 2024 | 10 replies
I always try to build in enough profit so that when we find unexpected issues we can make the needed repairs and still be profitable.
Chris Baber
Has anyone used vacasa to manage their Short Term Rental?
30 January 2024 | 23 replies
They guarantee they will handle everything, from advertising to guest interaction, cleaning, repairs and even maintenance, and that I will net the same amount as I do now.Of course I don't believe this, but if it cost me an actual 10% to be completely hands off, that's still a good investment in my opinion.
Audra Richmond
Successful Joint Venture!
31 January 2024 | 0 replies
Be sure not to give my real estate services away Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Tony Pellettieri
Obtaining additional Capital for our Fix/Flips to Scale Faster - Suggestions?
31 January 2024 | 17 replies
I will lend up to 100% of the purchase price that goes up to 70% of the after repair value.
Derrick Stokes
First rental property
30 January 2024 | 14 replies
I recommend you go ahead and hire a PM.Otherwise, you'll need an application, a way to do background/credit checks, a lease, and a way to manage finances and repair requests.
Corben Briggs
Year-End Tax Filing Pricing
31 January 2024 | 4 replies
Many factors go into pricing a new engagement, I have clients that are charged a few thousand up to a few hundred thousand. 1) Number of properties / types of properties (Commercial / multi family / short term / mixed use / triple net / TIC / etc...)2) Number of entities / type of entities / complexity of those entities (syndication/waterfall)3) Existence of trusts / nature of those trusts4) Number of state filings / which states (some states are way worse than others)5) quality of record keeping6) how difficult you are to deal with as a human being ;)7) how much additional consulting and planning services will be needed8) nature of your business9) when do you want it done by?
James Russo
Financing a fix and flip
31 January 2024 | 9 replies
This lenders look at your assets and credit and use the property and what you present to them on the cost of repairs and acquisition and after repair value.
Account Closed
Flip Gone Wrong- Advice Wanted!
1 February 2024 | 23 replies
Major respect to you for your service.
August Kahle
Using remaining VA home loan eligibility after first purchase
31 January 2024 | 3 replies
My rough strategy is buy SFH (older but (semi) recently remodeled B- to A- properties in good areas likely to continue appreciating and attracting good, trouble-free tenants) 0% down VA (may consider a small amount on second property, like up to 3% just to speed things along) and stay in it as my own primary residence until at least 10% of purchase price paid off and able to cashflow 300+/ month after mortgage, taxes, insurance and 15% set aside for repairs, vacancy, and maintenance (like I said, I'm not overly interested in rental RE, so I want to be sure it's lower effort and worth my time in return).