Devin James
Velocity of Money
Week of 7/28 - 8/3:Accomplishments:- We got two of our new construction homes under contract.- We closed on two of our new construction homes in Palm Bay.Lessons:- Velocity of money is important. The quicker we can bu...
Stuart Udis
Loan to Cost – Not All Lenders calculate equally
I recently had a client come to me looking for assistance securing a construction loan. The client prioritized leverage and was adamant a hard money lender would offer the best terms citing the higher LTC. I frequentl...
Samori Diallo
Calculating ARV, Inventory Levels, and Comps
Hello,
I am currently in my education phase, soon becoming a wholesaler. Can someone please clarify the following for me:
1. I see a lot of people explaining their calculation methods for ARV without in...
Brian W.
Appraisal low, should I appeal?
Not sure if this is the right place but here goes.
Four years ago I built two high end (for my area) Duplexes from the ground up. 3 Bed, 2 BA, Garage, All Brick, Hardwood, Tile, Whirlpool tub, all appliances.
Apprai...
Kerry M.
Is Foremost BASICS Three Dwelling Fire Insurance a good insurance?
Our property started out in very rough condition (no running water, HUD home, some knob and tube wiring.) We are switching from a Vacant and Renovation policy for the last four months to a Fire Dwelling policy. Does...
N/A N/A
90-95 ltv on rehab
any one know of such a thing?
construction lender giving up to 90-95 ARV
Joseph Scorese
New Home Sales Top 1 Million, Setting Post-Recession High
New Home Sales Top 1 Million, Setting Post-Recession High
New home sales reversed direction in March, fully recovering from the 18.2 percent nosedive those sales took in February. The Census Bureau said sales of ne...
Matt J.
Puyallup, WA 10 Plex
Hello BPI have a new construction MF deal I'm looking at. I'd like to ask those that are familiar with MF for their feedback on anything I may be overlooking. Location is in downtown Puyallup, WA. This area is East of...
Manas M.
Cost of new construction in North California
I didn't find any recent post related to this topic so I thought I'll start a new discussion. I see a lot of houses being torn down and new construction coming up in my Bay Area, California neighborhood.I am curious t...
Julie Hassett
What is the $$ Value of a Lead Free Rental?
Hi BP community! My partner and I just had a deal on a Baltimore (21213) row home fall through on appraised value.Here's the quick and dirty:We agreed on a $74K sales price for a recently rehabbed lead-free unit. (I'm...