Tony Pellettieri
Possible Solution to a Friends HML in default - Deal Analysis
31 January 2024 | 2 replies
Based on a rough analysis for a project timeline, I believe the total project can be completed in 5-7 months with the team I have available if we get involved in completing the work on the project.Deal Analysis as a whole - Actual Costs may be slightly different but estimates should be fairly closePost Construction Estimated Market Value - Lot 1: $379,000 Lot 2: $307,000 Total Estimated Market Value $686,000+- $102,000 - Cost to payoff HML & Previous Builder- $154,800 - Estimated Cost to complete House #1- $170,370 - Estimated Cost to complete House #2: Includes New Well/Septic $7500, Impact Fees $2100, Permits $1000= $427,170 - Estimated Cost to Payoff HML, Complete Construction on House #1, and Construct House #2+ $686,000 - Total Future Market Value- $20,580 - 3% Buyer Agent commissions as the current owner(Listing Agent) will be listing these properties without compensation- $2,538 - Real Estate Transfer Taxes- $1,500 - Settlement Costs Paid at Closing______________________________________________ $234,212- $27,900 - Payment to Seller for Down Payment made by seller to HML @ Origination (For her to break even)= $206,312 - Potential Return before any Interest/Fees/Taxes/EtcROI: 45.3%RoR: 68.9% PM: 30.07% Acquisition/Exit: 8 MonthsI've spoken to a few HM Lenders and ran rough numbers by them.
Austin Latty
Advice on first flip
30 January 2024 | 11 replies
Determine what rehab items should be done to maximize profit.
Michael Campbell
Partnering on first deal
30 January 2024 | 5 replies
These are just a items I picked up on when reading your post you should be mindful of when communicating with potential partners.
Nicole Goss
Best Direct Mail Service Providers?
30 January 2024 | 26 replies
Hi Nicole Goss I use Click2Mail.com for all of my mailings, and I get all of my lists from AgentPro247.com.
Derek Todd McCarley
1 mill capital gains
31 January 2024 | 10 replies
A lot of investors are looking to midwest and KC is on the top of a lot of lists.
Mary Pastoral
Airbnb guest problem: unauthorized guests and possibly a party
29 January 2024 | 18 replies
There's a quiet time of 10 pm to 6 am written on our listing, which was not followed as well.
Jack Lander
Who needs help getting started with wholesaling ?
30 January 2024 | 37 replies
The property appraiser/assessor is the cheapest resource to find the owners of a property.When you pull the county on the site I listed above you can go to the property appraiser and click on “go to data online”it should take you to search page, where you will type in the address.whej you get the property, it should pull up the owner, mailing address and subject property address.also, it should list the sales history and chain of title, where it should mention who they bought it from and how much they bought it for.this ought to help you understand what you have to work with.for example, the last real sale on the picture listed was in 2008 for 325k, so unless there was additional money borrowed on the property, there ought to be some equity.
Elihu Whitney
Do high-end renters mostly use agents? Or just Zillow?
30 January 2024 | 3 replies
What you could do is look at some lease listing comps in the MLS and see who represented the tenants.
Christian Walker
Digital Marketing Courses?
30 January 2024 | 15 replies
@Christian Walker It's very important to understand that marketing is no longer any 1 or few things, Marketing is a SYSTEM comprising or many many actions, items, processes and even other systems.