Evan O'Brien
Estimating Rehab Costs
Does anyone have a template/document that they use when obtaining an estimated bid for rehab costs on a property from contractors which includes the scope of work required and a breakdown of the rehab costs (labor and...
Andrew Schena
Buy and Hold Calculations
Hey Everyone...I've got a question for those who are familiar with calculating the Cap Rates and Appreciation on buy and hold investment properties.
Should your cap rate calculation include the c...
Joshua Greenberg
Lending capital to a friend, contractual obligations
A friend of mine would like to borrow 90k to do a full reno on a project he has just purchased using another 90k he was able to acquire through a conventional mortgage. We have been friends for many years and I am con...
Phillip Weinstein
Townhomes
Anyone have any opinion on townhomes and how to value vs SFR? Also has homeowners fee. Thanks.
Brandon G.
What to include in loan officer presentation
I'm about to make a report to give to the loan officer about a property we're about to buy. This is our first purchase so we don't have a track record, however I have stopped in and established a relationship with th...
Hadar Orkibi
Financing a Cash Purchase
Hi There,I picked up a Triplex that is currently vacant and require some work. it has a great value add opportunity and in good location. My aim is to have conventional, 30 years fix loan.I would like to purchase the ...
Erik Kubec
Strict definition of 50% rule?
Really thought I would have an easier time finding a consistent definition of this by googling.
Can someone lay out for me what of the following goes into the expense part of the 50% ratio?:
[/u]Hard, real costs (eg...
Joshua D.
What the Flip??
I need help with making sure our numbers are good. This is our first true non owner occupied flip... So here goes. Forclosure Purchase price is $43,000Conservative ARV biased on comps in the area of $85,000Repair cost...
Margaret Jay
Depreciation and tax deduction questions
Some questions for investment property: 1) when you buy a house, does the 'clock' on the 27.5 years start over, regardless of when the previous owners bought it?
2) what is a ballpark building vs. land ratio to use w...
Billy Bob
5% down conventional owner occupied for CA on 2 unit?
I've been calling around talking to lenders about a new purchase mortgage. It would be an owner occupied 2 separate units (two houses on one lot). $106,000 purchase price, 5% down. Lender needs to include up to 75%...