Paul Desiderio
Under Contract and Need Advice!! DD Ends 10/8
1 October 2021 | 8 replies
Factor the costs and re run numbers.
Rhett Tullis
Historic Low Rental Inventory OKC Metro
23 September 2021 | 5 replies
There are many factors that may be causing this.
Abe Alam
HOA Foreclosure - How to Win One?
23 September 2021 | 11 replies
I understand this does not answer your question but it is an important factor I thought I would share since im currently in a situation with an hoa auction purchase.Make sure you do a lot of Due diligence on it.Most county records are public information type in the parcel number most liens should appear. contact a title rep and see if they can dig a little into it.
Connor Phillips
Lack of Experience, Inheritance and the SECURE Act
22 September 2021 | 0 replies
And with those factors I'm navigating the dichotomy.To get specific, the SECURE act also adds to that unease as it forces all that money to be withdrawn in a 10 year window.
Michael Dunn
23-Unit Apartment Complex for First Investment
23 September 2021 | 13 replies
This won't be as big a factor next time. -- Price point: I wanted to put x dollars to work for me without having my efforts spread out among multiple property locations around town. -- Upside: The building I purchased has a 7,000 sqft basement with several partially built out units and a laundry room.
Myres McDougal
What is the Magic Number for a Six Unit Property?
6 October 2021 | 13 replies
When reviewing a multi-property for purchase you do need to consider those factors and many more.
Joshua Randall
Looking to Find First Rental
26 September 2021 | 3 replies
So, the best advice I could give is to first look at those 3 factors I mentioned: 1.
Tyler Crawford
Funding Projects Using Equity In Other Properties
23 September 2021 | 1 reply
HOWEVER, they will also look at other factors such as DSC (debt service coverage).
Vayna Jerabek
Kent, WA Wholesale: $80,000 Deal
19 October 2021 | 5 replies
At this point I could've moved on to a different buyer to simplify the process, but in order to make this work and NET more money, I decided to close on the house with a hard money loan with the seller, then sold it to the end buyer for $450,000 a few days later.There were more fees this way, but like I mentioned I still netted more money as opposed to assigning the property for less.Here's how the numbers played out:Purchase: -$370,000 Hard Money Loan -$14,501.47 Closing Costs (out of pocket)Sale:$450,000 Sale Price-$12,000 Selling Agent Commission-$9,352.33 Closing Costs-$369,737.24 HML Payoff=$59,649.55 ProfitNotice the buyer did have an agent so I factored her commission in.