Travis Kubota
Small apartment complex - is this a bad deal?
Hi Everyone,My first post! I'm excited and humbled, hope to learn from all of you and contribute as much as I can as well toward group growth! I'm looking at my first apt complex, price at $825k. 3 units:1. unit 1:...
Matthew G.
How To Cancel Contract...And Get Earnest Deposit Back
I have house under contract that I would like to cancel. We found out during the title search that the owner owes more in personal taxes than the purchase price of the house!
The title company is telling me t...
Timothy W.
Take Stimulus Money - Can't adjust and/or Foreclose?
I've been out of the loop more than I thought but just talked to a developer and heard of this where banks that take stimulus money can't follow through on foreclosure and/or adjusting up ARMs? Anyone hear anything a...
David Hardnett
Profit Requirement
Hi there, I am very new to real estate investing and came across a business plan that list an investors profit requirement as a cost when determining maximum purchase price. Can someone explain 1.) how that cost is de...
Michael Osborne
2nd VA Loan Down Payment
I may be purchasing a new primary residence with my remaining VA loan entitlement. I just received my COE and it shows the first property (now a rental) purchased with a VA loan is using $90,083 of my entitlement. I l...
Ryan Johnson
For commercial REI, is assessed value = purchase price?
We are building a spreadsheet that allows us to plug in a few numbers and obtain a quick result. I am trying to determine if it is better to simply use the purchase price multiplied by millage rate or if I should uti...
Josh Vernon
Owner occupied refi LTV requirements
Does anyone know what LTV you need to do a cash out refinance on an owner occupied home? Trying to determine the maximum I could take out even if I have to pay PMI.As an alternative, do helocs allow higher LTV?Thinki...
Kyle S.
Flips - Calculation offer price
Hello,
Sorry totally newbie question:
I know most people do: (ARV X 65-75%) - Rehab Cost = Offer Price.
But where does closing costs come into this equation?
Thanks,
Kyle
Isaac Lane
When To Complete A Cash-Out Refi On A LTR
Hi, I have a LTR that I purchased earlier last year that according to Zillow has appreciated 45%. I would love to reinvest some of the equity into another property through a cash-out refi. What indicators do you use t...
Account Closed
Multifamily Investment Analysis
Hi,I've been looking at some multifamily deals on market recently. I understand that cap rate is a good way to determine if its a good deal. My question is if the investor was looking to buy out the current tenants, d...