Alex Bogue
example of Wholesaling deal
29 April 2024 | 1 reply
not positive but ballpark guess not sure how much those cost yet... but im using the 70% formula so 364,080 x 70% - 30k (repairs) - 8,500(whoelsale fee) and i get $216,356 as my (MAO).
Nathan Gesner
What is the hardest part of DIY management?
30 April 2024 | 28 replies
I can always go with a larger outfit, but that’s more overhead that come at higher costs.
Malik K.
First time house hacker
29 April 2024 | 8 replies
Down Payment: Lower down payments, such as the 3.5% required for an FHA loan, let you keep more of your funds, but they also result in higher monthly mortgage insurance costs.
Lisa Zoubi
Financing on a second, vacation property
29 April 2024 | 13 replies
Make sure the deal pencils out with the higher financing cost.
Robert S.
Standing water in yard and window well
30 April 2024 | 13 replies
It cost me a few hundred bucks, but it was money well-spent, because it helped me understand how to design the flood mitigation system...rather than approaching it via trial and error, I was able to build a flood mitigation system that worked the first time, and the house hasn't flooded since.
Buck Palmer
First Real Estate Investment
29 April 2024 | 4 replies
The houses you can afford given the size of your down are ones banks are not likely to want to lend money on because their costs are about the same as for a big loan.
DJ Brooks
Deferring taxes if 1031 doesn't work
29 April 2024 | 7 replies
So you give $100k away to a charity and you have a $50k cost basis on the remaining property.
Brandon Chung
Starting out House hacking
30 April 2024 | 22 replies
Though it has a higher upfront cost, multi-family properties are generally better suited for house hacking compared to single-family homes for a few reasons.
Dominique Guinnane
Interest Rate Buydown vs. Sales Price Reduction
29 April 2024 | 23 replies
The additional costs for commissions and costs are negligible in the bigger picture and if you are looking at capital gains tax it's a deductible sales expense which more than offsets the additional costs.
Robert Kurka
Bothell Fix and Flip with 30% ROI
29 April 2024 | 0 replies
Make sure materials are not back ordered this will cost you time and money Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?