Andrea Ochoa
Calling all my investors in Modesto ca
5 January 2022 | 1 reply
If you don’t have construction experience yourself, that could turn into a nightmare real quick and destroy any “savings” you were expecting by hiring a handyman.
Dave Charron
Do you always fix floor settling?
6 January 2022 | 5 replies
Is it noticeable to someone who doesn't know construction?
Tanim J B.
How to review smartmove income suggestions
5 January 2022 | 7 replies
A construction worker may make a ton in the summer and be virtually laid off in the winter.
Nick Trey
HELP! College 20yr old Learning RE Investing For The Future
5 January 2022 | 3 replies
I would also try to get a job in construction or property management so I could learn the investing side.Then I would start to acquire properties I can house hack through.
Jake Worley
2 Bed 2 Bath Halfplex In Sacramento
5 January 2022 | 0 replies
The construction aspect was a challenge with the cost of materials at an all time high.
Daniel S Williams
VA construction loan for a fourplex
5 January 2022 | 0 replies
I also wanna use VA construction loan to build a fourplex in Alabama.
Julio Gonzalez
Cost Segregation Study on Apartment Complex
5 January 2022 | 0 replies
For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.
Deatrick Carter
Landlord Insurance Providers
31 March 2022 | 7 replies
But if you intend to get involved with Commercial properties, 5+ unit rentals, fix & flips, or new construction you should consider agents that will be able to help with those areas as well.
Cris Johnson
Vacation Home Loan Question
6 January 2022 | 6 replies
I think doing some kind of a construction loan could be a better way to do it all in your name so it's more kosher with fannie/freddie.
Cassidy Burns
BRRR Deal Executed and Resold
6 January 2022 | 1 reply
Lets take a look at the numbersOriginal Purchase: May 16, 2018-Purchase Price: $50,000-Closing Costs: 2,700-Rehab Costs: $10,650Total All In Cost: $63,350How I Financed Originally: -25% Down Commercial Financing ($12,500 down)-$37,500 Loan Amount - 5/1 ARM amortized over 20 years-5.25% Interest Rate-Monthly Payment: $365/monthRefinance Period: -Refinanced following completion of construction 4 months laterNew Loan: October 2018 -Appraised Value: $94,500-New Loan: $67,500-Closing Costs: $1,500-6.29% Interest Rate - 5/1 ARM 20 Year Amortization-New Payment: $692/monthI was able to take all of my original money out of the deal and pay myself a small $4,250 tax free payment "Just Because 😏 "I now have $0 in the dealCurrent Rents: $1,049/monthCurrent Cash Flow After Refi: $357/monthResale Date: December 2021-Sale Price: $112,846-Current Loan Amount: $55,422-Closing Costs: $3,350.92-Commissions: $6,635.34Total Net Profit: $46,123.64I"ll now be doing a 1031 exchange and rolling that into a longer term multifamily building.