Relatively new to flipping/rehabing. The rule of thumb we always hear is 70% of the AVR and rehab deducted from there. In our market the median sales price is close to 300,000. I understand in a <100,000 market how...
So I got connected with a good source who has access to cash reserves from Investors, as longs it nets them 20% and above on returns, they will Invest. One of my connections on the wholesale side has been slow to prod...
Hi forums, hopefully this is a straightforward question. Is 30% on s hard money loan unrealistic? It's 3 months with the interest paid upfront.Through a connection life long friend I've got an offer for hard money l...
I found an elderly man who says he needs to sell his property for cash to pay his mother's mortgages. The after repaired value (ARV) is 53,000. And 70 perecnt of that is 37,100. I think it might need 5K or 6K repairs....
I was wondering if anyone could break down an email I received from a commercial lender at a local bank. We asked about a business line of credit of possibly putting up some properties as collateral or maybe refinanci...
i was wondering as a new wholesaler, how much does a cashbuyer want to make on a deal. How much do they earn in a good deal and how much do they earn in a deal that is not so good. i appreciate your responses
I am just curious approximately how many homes people are flipping a year? Also what is your business structure set up like? Marketing team? Project managers? Sales sam? etc.. Thanks
Hello!My husband and I are looking into a purchase of a commercial property where we can assume the current loan. We were provided the current owner’s promissory note. I am reading this differently than what the selle...
Hi all! I recently landed and closed on my first deal after a year of listening to BP and preparing to take the plunge. I was actually still a few months early based on my plan but I was offered a deal and found a way...
BP, After doing some of my own research I am curious to see what others in the Bay Area are getting offered in terms of HELOC rates. I was just offered a 6.6% variable rate, interest only, 10 year draw, on my primary ...