Account Closed
Newbie investor needs guidance on BRRRR
This summer I'll be selling my home and moving into a new construction. The home I'm in is paid in full, so I'll be collecting the full amount of equity; about $225,000. I have a buyer lined up already and my new cons...
Amir Rezk
Finding the Right Buyer!
I work for an Acquisition Firm Selling Distressed Properties. I know each SFR is unique in it's own way, and each property has a unique buyer that is perfect for each specific situation and is able to take on the chal...
Larry Flanagan
Wells Fargo seasoning requirements?
I got an offer on a wholesale flip today from a buyer preapproved by Wells Fargo. I just bought the house a month ago and havent done much to it, will I have issues with seasoning?
Henry Vasquez
Estimating future ARV for Hard Money Lender
Hi Everyone,
Can anyone explain the future ARV to achieve the 70% a hard money lender needs if most foreclosure prices are close to market values?
Rajul Vora
DSCR loan, how do lenders estimate income for Rent-by-Room on Mid-term rental (SFR)
Considering buying a single-family unit for mid-term rental to traveling nurses, etc. Each room will be rented separately.How will lenders determine net income for calculating DSCR (ratio)? An LTR estimate will be muc...
Giovanni Cortorreal
What factors determine the wholesale offer?
Hi guys-
In my transactions I have the buyers paying all the closing cost.
As you know, to arrive at the acquisition price we subtract the repairs and the assignment fees from 70% of the ARV.
But how...
Alex Holt
Advice on building cash buyer list in Cincinnati
I am not new to the real estate community just have been BSing to long and love real estate to much to not give it my all and see what happens just looking for advice on a few things from some pros. When your newer wh...
Timothy Battle
Acquisitions agreement contract form
Hello All!!! I'm looking for acquisitions agreement or contract form. Can someone help me locate one please? In my process of doing real estate investing; i happen to come across a buyer who needs help locating proper...
Herndon Davis
How to Refinance, Repair Vacant Multi-Family
I have a client right now who I am helping to get financing to re-finance a six unit property that needs extensive work at 0% occupancy.
Step #1 We calculated the pay off amount.
Step #3 We estimated the rehab costs...
Kevin Smith
No Money Down In Practice
Hey BP Community,As a new investor, I'm looking for some clarification on financing deals. There's a lot of discussion around partnerships, private lending, and hard money, but I don't see much discussion on the actu...