I try to minimize having to be at the property, so I tend to schedule things close together.For example, I have three roofers to come by today for a roof leak estimate. One at 11:30, one at 12:30-1:30, and one betwee...
What is the typical Cap Ex on a 24 year old duplex house, in Kansas City, MO which is between 1000 sq ft and 2000 sq ft, wherein one AC electric unit is new, the other one is 8 years old, where the heating systems in ...
Look for feedback on my strategy to pay $50k for an 11 unit multi family property that would generate a maximum gross monthly income of $4400.Once I purchase to property I plan to do a quick refi for the approximately...
Hi everybody! We recently purchased a duplex (we are house hacking, it's our first one) and one of the units has a finished basement that is currently being used as a den. A quick Google search didn't come up with any...
I am the private lender on a single family home flip. The purchase price is $192,000. The rehab budget is $30,000. The ARV is $280,000. The flipper is experienced. I have lent on approximately 15 flips with other...
I am currently reviewing the performance of one of my single-family homes. I bought during when the market was very low. I’ve seen excellent appreciation and it’s performed well, producing anywhere from $200-$400 ne...
I am working on a deal trying to get financial for a commercial property and the the lender has listed the following costs.
Email form lender;
Loan amount – 75% LTV max = $231,750 financing
Interest rate – Prime + 1...
I am just getting started. Many years ago I spent 11 years as a real estate agent and a mortgage broker. I want to get started flipping. I started my LLC, got a bank account set up and put some money in it. It is ...
Hi, I'm currently under contract to purchase my first rental property, a 6 family in Asbury Park, NJ and I'm trying to secure a loan. Although I've looked (and made lots of offers), I didn't realize that it was a wh...
Looking at a 19 unit self storage facility here in town. Asking price is $55,000 with gross potential rents of $13680/year. Property tax runs $2600/year and insurance runs about $600/year. Estimating snow removal a...