Alfred Sharty
How to get a proof of fund as a new wholesaler
30 January 2024 | 13 replies
You can negotiate a price, but don't sign a contract until you know your buyer is good, then you can double close or you can sign an amendment or add in special stipulations that the original agents contract IS ASSIGNABLE as a way around and make all things legal and transparent.
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.
Yoni Meth
Converting Single family to duplex
31 January 2024 | 2 replies
Hey All,I'm considering buying a SFH that was originally a duplex where the dividing wall was removed.The house will need some renovation (paint, flooring, new bathroom, new dividing wall, and also another HVAC).I checked the zoning and it's ok for multifamily (R3).What else should I consider before making an offer?
Victor Awaga
Looking to buy a investment property
31 January 2024 | 3 replies
If i were to ask you what a 3 bed 2 bath 2000 sqf home on an average lot is selling for and renting for you should know the answer off the top of your head.
Roy Lam
Tenant keeps on destroying parts of the house, then claimed the house is inhabitable
30 January 2024 | 16 replies
Every time in court , he would always something which he did not answer in the answer to the summon.
Nicole Goss
Best Direct Mail Service Providers?
30 January 2024 | 26 replies
Originally posted by Nicole Goss:Thank you all for the recommendations!
Mike Silva
First time home buyer looking to house hack multi family in NH, but values at 600k+
1 February 2024 | 2 replies
So, coming back to your original question, I think that cash flow should be very low on the list for why one would buy a house hack.
Han Jaewon
Seeking Advice on Financing Rental Property Purchase with HELOC and Traditional Loan
31 January 2024 | 3 replies
@Jorge Vazquez would be happy to assist you and answer any questions you may have.
Kyle Johnson
First Home Purchase - Turned Rental
31 January 2024 | 0 replies
This house was originally bought with a $0 down VA loan with a 2.6 rate.
Joseph Lopez
Always have multiple exit strategies built in to your projects
31 January 2024 | 1 reply
Originally pencilled out to be a flip deal, it was discovered to have a better use as a long term hold with a short term rental use.