Deon White
BRRRR Capital Partners (Off Market)
17 May 2024 | 3 replies
Currently under contract for a large off-market residential property.Quick details: 4,200+ sqft 12bed / 5bath (2 kitchens) (No a flood zone)(Light - Medium rehab / rent-by-the-room play)My partner has been a PM in this community for 20+ years and is highly confident in this deal (as am I).The current issue is, we aren't confident the property can close with a bank due to a few seller complications.( ^Very long story, but if you want to hear it I will tell you haha)We're looking to over-raise about $335k ($255k purchase and $80k for the rehab).But we (and our contractors) know the rehab portion will come in a bit lower.Can anyone point me in the right direction?
Matthew McDonald
Nice to Meet You - Anyone in Columbia, SC?
17 May 2024 | 19 replies
I have purchased 50+ units around town in the last year and looking for more.
Ariana Jones
Interest Rate Hike Decreased My CoC Return, DSCR. Should I Back Out?
18 May 2024 | 12 replies
Here are the terms: Purchase Price: 255,500Loan Value: 229,950Sellers Credit: 15,000Down Payment: 25,550 (10%)Debt Payoff: ~22,000Interest Rate 8.12%This high debt payoff has doubled since I initially started this process (at first it was 10K) and lender is telling me it's due to the interest rate increases.
Daniel Vanhala
Any options for seller to provide down payment?
16 May 2024 | 13 replies
If it makes a difference, the DIL could purchase in her name or in her construction company's LLC name.
Shaunta M.
Windows in property
17 May 2024 | 14 replies
Hi everyone i purchased a property and found out from the tenant that all of the windows are sealed shut.
Ian Noble
Choosing a Syndication to Invest in as an LP : Syndication Comparison Tool/Calculator
17 May 2024 | 9 replies
Here are a few: I just saw a LinkedIn post with a sponsor talking about how they are underwriting using cap rate compression, meaning that in 5 years the sales price cap rate will be 50 bps lower than the purchase cap rate.
Sabrina Flores
Real Estate Investing Techniques
17 May 2024 | 5 replies
Sellers over price the property in their mind and belief, so it requires some negotiations once they are located.There are plenty of properties that have not been on the MLS to buy, but the techniques we use to buy them means we have equity at purchase and we don't need to use banks to do so.It does require capital, and an understanding of what makes for a safe investment.
Christian Sorrell
Are there ways to get Preapproval for a US Mortgage as a Canadian Citizen?
16 May 2024 | 9 replies
I would like to know how to get pre approved for a mortgage to purchase a US Property, preferably in Florida.
Antonio Bodley
Pace Morby Gator Lending
18 May 2024 | 13 replies
There is not a riskier borrower to lend money to than someone who doesn't have the ability to cover the deposit for a purchase.
TJ Bardossas
Experienced Broker, 1st time investor
17 May 2024 | 8 replies
@TJ BardossasRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.