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Account Closed
2nd mortgage opportunities on rehabs
27 February 2007 | 0 replies
All mortgages are prepared by your local attorney which we pay for.An example of the way it works is our hard money lender has the after repair value of our project appraised (say 300k).
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my mom ideas
1 March 2007 | 4 replies
You have mortgage, taxes. insurance, repairs, management fees, etc, and hopefully a positive cash flow.
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seeking 2nd mortgages 20% interest
28 February 2007 | 0 replies
An example of the way it works is our hard money lender has the after repair value of our project appraised (say 300k).
Tim J
Is this scenario realistic?
18 April 2007 | 3 replies
Property managers also aren't as price/quality conscious when it comes to doing repairs/maintenance.
Account Closed
Finally--and an electrifying question!
11 April 2007 | 9 replies
Just plan on doing some sheetrock repairs when he's done.If everything else in in order I would not let the electrical put me off.
Mark Robinson
Determining a good deal . . . two different methods?
7 March 2007 | 13 replies
The fule of thumb when determing a potentially good rehab deal is to use the 70% of ARV (After Repaired Value) less repairs method.
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Does the "Purchase Option" system work?
8 March 2007 | 14 replies
They will do repairs on their own and generally are pretty easy to deal with.
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