Kirky Galt
Need help with rehab cost for property in La Jolla
I’m working with an elderly seller in La Jolla that will likely be facing a short sale unless we can improve the condition of his property before resale.The property currently has a reverse mortgage of 1,164,000. The ...
Terry Matula
First time investor - Owner/Occupant and Landlord - thoughts?
I'm looking at a 4-plex in Austin that's under HomePath FirstLook, and I would OO for a year. It's listed at $156K, two 2/1.5 and two 1/1.5 units... one 1/1.5 is rented now at $550, the 2 br could go for $650 as is. ...
John Winters
Is This Plan Financially Feasible? Northeast Multi-Family, then Move South?
Greetings BP ~I am hoping to receive some feedback on the financial feasibility of this plan and/or some tips to improve it. Thanks in advance.*I currently live in the Northeast (U.S.). I plan to purchase a primary...
Bill Briscoe
What rehab improvements will maximize resale?
I'm buying a foreclosure for $84K, ARV should be $125-$130K based on comps, maybe a little higher based on quality and condition. 3/2.5/2 1720 Sq Ft, 1988 construction.
The loan package consists of a 6 month IO const...
Bill DeLuca
Need someone to explain the refinance part of the BRRRR
I cant grasp the refinance and cash out portion of this strategy. I need someone I can call, I cant comprehend it any other way.Home under contract to purchase for $110,000Put down 20% ($22,000)Get a loan for $88,000 ...
Everett Triplette
when to apply?
I'm currently at 705 and 715 on experian and tans union. My question is should I apply for a loan now or wait until my credit improves more? Each week it raises 5- 10 points on average. I expect it to keep growing ...
Paul Thompson
Arkansas Deal Analysis (Loan, wholesale, flip...?)
New to the site and want to share some numbers on a property i'm considering. My interest in the following is as a lender or investor to wholesale / flip. This is a 2BR 1B Rehab in Central ArkansasThe Rehabber is in t...
Shylil Smith
First Investment Idea
Is it a smart idea investment to buy a SFH property with built in equity, make improvements to the home, and hold as a rental? I would then pull out that equity and move to the next deal. I have an advantage to an own...
Brandon Powell
Setting up or Paying with Credit Accounts in Solo401k or Self Directed IRA
I need advise from investors who have had their SD Retirement accounts set up for a while. I have one major hurdle that I can't seem to get past.In our Fix and Flip business (in a non retirement owned LLC) we utilize...
Matt Liu
Chicken/Egg: Improvements, Pushing tenant out
I am looking at many deals where the condition is very sub-par and the rents are accordingly far below market. I know that I have to do improvements to the units to raise rents to market. At the same time... I have to...