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We are doing a hard money 12 month loan for a fix n flip and our closing costs are over $10,200. Purchase price is $121k. Is this standard for hard money or too high?
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Living in such a competitive market I have had a few different ideas cross my mind and haven't seen much info (probably not looking in the right places). I understand house hacking in multifamily. It's straight forwa...
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Good Afternoon Everyone,I have my first property under contract and I am mid-way through the inspection period. The property costs 192,600 and is currently bringing in $2200 per month. It has 1 brand new Furnace and 2...
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Does the bank ever provide a septic report on the condition of the septic tank?
Do you pay to get a septic inspection during your inspection period? Has anyone had luck on getting the bank to come down on the price i...
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When I look online obviously there aren't any extraordinary asking prices on the fixer upper houses so I'm curious, when you put out offers how low below the asking price do you typically go? I know it its variable bu...
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How much does it typically cost to do a cash out refinance?Besides a seasoning period, what are some other requirements that I should expect?I am trying to run some numbers here and see if the cost of a cash out refin...
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Hi Fellow Hustlers, I wanted to see what everyone's rule of thumb(s) are when buying a property they plan to rent out. What is your top 5 list, for things you look for that the building must meet before you feel good ...
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Hello Everyone,
I have been searching and searching for investing advice and finally I found this forum.. I am so excited. :D
I have been investing for a little over a year now and have purchased 6 properties. I...
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Greetings,
What is the best way to estimate what fixed/holding costs will be for a particular property?
I seem to understand the other parts of the MPP equation; sales price, rehab, but the fixed costs are confusing...
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Hello all,
I'm just starting out on this journey. I'm 24 and still in the "learning stage" but want to move forward on my first purchase in the next ~12 months. I want to narrow in on using the BRRRR strategy, but tu...