Jordan Naeem
Free and Clear Multifamily partnership advice
5 March 2024 | 7 replies
Or am I better off just having the lower return and not trying to get cute with it?
Nathan Brock
How can I invest in new homes?
4 March 2024 | 10 replies
After my generous employee discount, asking prices are lower than most (if not all) resale prices in this area.Understanding that BRRRR homes should be "distressed" so that the flip adds value, my question is:How can you "add value" on brand new homes?
Sam Fulkerson
How Are You Getting Cash for Your Purchases?
5 March 2024 | 9 replies
Hard money, creative financing, or traditional financing should be viewed as different tools that you can use; try not to worry too much about finding one, singular way to finance every deal.For example, if you are buying an off-market deal from a family member, you may want to see if you can use traditional financing or creative financing since there's no competition and you'll get the most attractive/flexible terms.On the other hand, if you see a newly listed deal on the MLS, you may want to look at hard money since it can fund quickly like cash.Hard money loans are more expensive so you'll want to plan your exit before you get in whether that be refinancing into a long term note or selling the property.Hope this helps!
Christian Sidaros
70% ARV Financing?
4 March 2024 | 9 replies
Some lenders will lower fees once you start doing a few deals with them, but they are still pretty standardized.
Omosalewa Aderonmu
Google Sheet Rental Property Calculator
5 March 2024 | 25 replies
Some people don't include the repairs in the first year Cash on Cash return however, not sure what the BP one does.You can look at your 'stabilized' cash on cash as well using ProForma numbers and estimating the rent and expense growth over the next X number of years.
Bubba McCants
Potential Real Estate Investments
5 March 2024 | 5 replies
We buy, fix, flip and manage and leave no stone unturned when looking for deals.We negotiate hard, buy with cash and close quickly.Gotta buy cheap in order to make margin but still deliver a turnkey property to investor at fair market value.I've always believed in "making money when you buy and not when you sell".So it's important to buy cheap.A strategy that I always tell all of our buyers when investing is to always "underestimate income and overestimate expenses".If you think it won't happen to you, it will and you can't go wrong including a margin of safety when predicting expenses.I hope that helps 👍
Kenneth Bentley
Help Financing Deal
4 March 2024 | 1 reply
Purchase price will be $53k if not lower, reno should be around $35k, and ARV should be at $130k being conservative.
Alexander Rodriguez
Tenant keeps getting mold in bathroom.
5 March 2024 | 43 replies
Another example where spring/fall inspections are a good idea.1) You can look for leaks and other indicators to catch problems before they get to be huge expenses.
Trevor Riley
Deal Finding - what makes it so hard?
4 March 2024 | 15 replies
We use MLS data (active listings), cross-reference rental comps, take out expenses, and produce an NOI and Cap rate for every single family and small multifamily available simultaneously.
Rebecca Jao
What is reasonable for a 10-year term commercial lease commission?
5 March 2024 | 2 replies
Then you would have that leasing expense all over again.We actually sometimes like to pay the leasing brokers more so they push our site harder than others.If you have an A location and A parcel shape then typically lots of tenants fight for the site to lease it or buy it and leasing broker has to do less work for fee involved and rent per foot higher most times.