Joseph Girsch
Appropriate amount of due diligence?
(Question up front): Am I helping my potential buyers by emailing them my 'Comp Grid' document for the property or am I setting myself up for liability by showing them my ARV estimations?Hello everyone,I am a new whol...
Donna Hutchinson
Rent Amount for Section 8
I am in the process of renting a property using Section 8. I am asking for $1295 in rent however the housing authority approved $1223 although the Zillow estimate is $1295. Can I challenge this? If not, can I charg...
Robin Casper
Take maximum refinance amount Brrrr?
I am trying to decide if I should take out the maximum amount I’m able to when I refinance a BRRRR deal. This is the scenario on the SFH...Purchase price: 50kRehab/ closing costs: 10kARV: 100kMy bank will give me a co...
David D.
Hard Money Loan Amount Formula
As a hard money lender wannabe I'm trying to figure out what formula to use in determining loan amount.
I'm thinking: the lessor of 65% ARV or 80% of purchase price. Is this too restrictive? Should it be 65% ARV on...
Kristi Wolfe
Section 8 high voucher amounts
We’re looking for a new tenant. The place is upgraded (Completely renovated in 2016, hardwood floor, granite countertops, stainless steel appliances, etc. Avg rent for a 2 br 2 bath in our area is $1550. We’re aski...
Patrick Stuckwish
Should rental amount include HOA
Hello everyone! I know that HOA fees are ultimately due by the property owner, but my question is:Should the rental amount include HOA fees or should HOA fees be an addition to the rental amount? My thought process ...
Russell Ponce
Deposit amount to open escrow
I'm working on my first wholesale deal and the title company wants $500 to open escrow. In the purchase agreement my earnest money is $25. I haven't done any business with them obviously as this is my first deal bu...
Carl Giauque
Reserve money amounts in accounts?
So we finally found our first deal on a SFH, (after numerous offers, refusals, Mo. searching, reading hundreds of forum posts ,etc) got it closed, got the rehab done, paying renter, and a nice bit of cash flow, Swe...
Greg V.
Lease amounts per restaurant revenue?
I'm thinking about buying a microbrew pub property and lease it to an operator. Are there rules of thumb in the restaurant business as to what percentage of revenue should be a lease expense? Are there any other rul...
Sam Mann
Min. Amount of Capital Needed
What is the minimum amount of capital needed for someone who currently is not working, to purchase a commercial property, such as a motel, with a down payment of 20% and getting a mortgage from a bank, and being able ...