31 May 2024 | 8 replies
You forgot to put your state in your profile or your post so people would know if you are in a community property state or how much it will cost you to transfer ownership from your wife to your LLC.
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31 May 2024 | 1 reply
I utilized a HomeStyle Renovation Loan, a conventional loan that enabled me to finance the cost of the rehab.
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30 May 2024 | 93 replies
Buy right and have written screening criteria. 75% of landlording effectively is tenant selection.
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31 May 2024 | 6 replies
Ft ranch home with new appliances ( Refrigerator, dishwasher, stove(electric or gas), washer/dryer, microwave etc and contemplating whether it requires and electrical upgrade from 100 amps to 150/200 amps.Currently the HVAC system installed for central heating/cooling is 15 amps)and there is gas water heater.Do you anyone know if this needs to a mandatory upgrade or any recommendations around the same and what it can cost to upgrade electric panel to 150 amps/200 amps?
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31 May 2024 | 12 replies
You could easily bundle that into the cost of the rental and pay it for them...
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31 May 2024 | 8 replies
Since all the pricing includes a 1 year membership,I was hoping someone might be able to tell me what the cost would be for self guided camps for pro members.thanks in advance
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31 May 2024 | 17 replies
We have found cold calling VAs on Upwork with some real estate calling experience to costs between $4-$7 an hour.
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30 May 2024 | 10 replies
I'm so afraid to underestimate costs.
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31 May 2024 | 9 replies
Eventually I hope to cash flow where I'm making larger outright note purchases, but for now at my price point, smaller CFD's (around $15k UPB) are what I can afford.Given that these are CFD's, I'm noticing that recording costs are a little heftier than just recording an assignment of mortgage.
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28 May 2024 | 2 replies
Less Competition - High-interest rates and market uncertainty may deter some flippers, reducing competition for distressed propertiesMarket Demand - In some areas, there remains strong demand for renovated, move-in-ready homes.Price Negotiation - Sellers of distressed properties may be more willing to negotiate in a high-interest rate environment.Cons:High Carrying Costs - High-interest rates increase the cost of borrowing, which raises your holding costs (interest payments, taxes, insurance, utilities).Market Volatility - Real estate markets can be unpredictable, and high-interest rates may lead to slower home sales and declining prices in some areas.Renovation Risks - Unexpected renovation costs and delays are common risks in any market, and high-interest rates exacerbate the financial impact of these issues.Financing Challenges - Securing financing for both the purchase and renovation can be more difficult and expensive in a high-interest rate environment.Mitigation Strategies:Thorough Market ResearchAccurate BudgetingEfficient Project ManagementFlexible FinancingExit StrategyFixing and flipping properties in today's market can still be profitable if approached with caution and thorough preparation.