Jordan Connett
7-unit BRRRR buy & hold
19 June 2024 | 0 replies
Purchase price: $1,050,000 Cash invested: $250,000 7 unit BRRRR deal What made you interested in investing in this type of deal?
Ethan Gidcumb
Who offers a Loan based on the After Repair Value (ARV), of a Fix and Flip?
16 June 2024 | 4 replies
In the industry this is most commonly known as a "Fix and Flip" Loan.We are correspondents with dozens of lenders who offer this type of loan.Most commonly, the loan will cap out at 75% of the ARV (But Investors do need cash, this is not a 100% financed transaction)75% has to include the purchase price and the rahab amount requested.The terms can vary greatly.The two most important areas that will impact the terms the most is 1.
Jordan Connett
4 unit townhouse development
19 June 2024 | 0 replies
Purchase price: $650,000 Cash invested: $150,000 Sale price: $770,000 townhouse development What made you interested in investing in this type of deal?
Rod Merriweather
New to Commercial Lending- Advice Needed
19 June 2024 | 8 replies
My dream is to purchase a (10+ unit) in the next year or two.
Ann Downer
Needing to replace kitchen cabinetry in one side of class C duplex
20 June 2024 | 6 replies
Thre are lots of Ready to assemble cabinets you can purchase and asseble if you are a do it yourselfer.
Jerrod Rosen
Planned for ADU, ended up with LTR with a good amount of appreciation
19 June 2024 | 0 replies
Purchase price: $565,000 Cash invested: $33,500 Bought the house to live in and build an ADU on the property because it is zoned for it.
Jason Smith
STR Operating Model for Tax Benefits
18 June 2024 | 5 replies
Having an LLC(if it is a single-member LLC) means that it is considered a disregarded entity.Therefore, you would report it as if you own the activty/property directly.Most rental properties(STR included) is reported on Schedule E.
Doreen Linder
Sarasota Area Short Term Rentals
16 June 2024 | 15 replies
are you looking to purchase I assume?
Phil Petite
Solar Panels for Rental Homes?
19 June 2024 | 10 replies
If you make the investment and install solar onto your rental(s), you would need to enter into a "Purchase Power Agreement" (PPA) with your tenants; But only if your state allows it.
Gavin Doyle
Stuck in a Rut
19 June 2024 | 4 replies
As long as you like your job and/or industry and could do it for the next 15 years, what you are doing would work perfect for your plan.As you gain experience, maybe you can move into more units per purchase or start to BRRRR.