Jay Orlauski
Meetup group in the Central Valley
28 December 2020 | 38 replies
Hi All,I'd be interested in joining, but only if there are action items and deals flowing.
JOAN DICKIE
Advice on last minute amendments
15 July 2015 | 4 replies
So from what you are saying the buyers have made all of these last minute changes.Has their contingency period run out on all items??
Anthony Benjamin
Newbie: Buying a property for the equity
2 August 2015 | 4 replies
If you're a new investor and something like the HVAC goes out it could cost $5k, if you only have $50 in cashflow every month you'll never get ahead enough to have a buffer for big ticket items that could happen before you expect them to.
Joshua Buchanan
Need insight on flip deal!!
20 July 2017 | 7 replies
Here is an example if you get your offer accepted at proposed purchase price:Purchase Price - $60KRepairs - $18K (need to have budget for unexpected items)Closing Costs - $900Carrying Costs (depends on taxes, HOA, Insurance, etc.) - $1500 estimateInterest and Points from Hard Money Loan at 2 points and 12% for 4 months (this is a good deal) - $3600Selling Costs at 6% of list price ($100K ARV) unless you are licensed - $6,000Total Money in deal - $90KNet Profit - $10K (11% cash on cash return)What happens if your repairs are more than budget?
Sherry Z.
Cordova Neighborhood Outlook
17 April 2020 | 5 replies
Any thoughts on the neighborhood, demographics, vacancy rate, or other relevant items you can think of will be great.
Delatour Zimmer
Have a better fix/flip formula?
20 July 2017 | 5 replies
It's addition and subtraction.Create a spreadsheet or find one that allows you to enter actual line items, not one that guessimates closing costs to be "10%" of ARV.The HouseFlippingSpreadsheet.com has the best one by far IMO.
Carley M.
Terra Cotta Kitchen Floor Tiles
28 July 2017 | 9 replies
One of the items on the list was to replace the kitchen floor (currently adhesive tile that is peeling up).
Steve Ramer
I think it may be mentor time
19 August 2017 | 23 replies
Starting out is very challenging and the key is you must focus your actions on items that bring you properties.
Austin Hughes
Best Way to Market Apartments for Sale w/o Broker?
13 August 2017 | 8 replies
Also have your insurance docs and all service contracts handy, and be sure you have invoices/receipts for any and all cap ex items over the past two to three years.
Account Closed
How to vet syndicators
26 March 2018 | 42 replies
Are these standard items that should be in a PPM?