Account Closed
What costs more, a money partner or hard money lender?
I'm curious what people think. I'm sure it depends on the money partner split, HML costs, etc. I think, generally speaking, you are going to end up putting less money in your pocket with a money partner than if you ...
Jay Lancaster
What are considered to be fair percentages to be paid on private money?
I'm working with a partner in an effort to acquire 8 properties to buy, fix and hold. When the same private lender is providing the funds for property acquisition and the estimated 3 to 4 months rehab costs what are t...
Account Closed
My first investment property
Im going to buy a house worth 200,000 for 150,000Ill get 50,000 profit but the bank will finance me the closing costs and repairs. repairs and closing costs are 10,000Then it means my profit is 40mil not 50mil right?
Greg Todrank
Variable Closing Costs
Do closing costs change based on the price of the property? I have been using $3500 for my current estimates. I recently saw a thread where people were quoting $10K on $200K properties as actuals.
Michael Hopkins
Indianapolis / Add On, Cost PSF
Hello BP'ers, I'm evaluating a flip in Indy (46201 zip) to convert a 1 BR / 1 BA to a 2/1 or even a 3/2. What cost per square footage number do you use to evaluate those costs?
Thank you in advance!
Alexandra Sales
Load Bearing Beam Replacement KC
Hi all! Just had a contractor quote $5500 to replace a wooden load bearing beam in the basement that had previous termite damage (no active termites present/seen). However, the structural engineer did not account for ...
Account Closed
First Flip Analysis Sugarland: how does this look?
Hi,So I have an verbal offer we made for a flip in Sugarland, TX. Could you take a look below at the analysis and the photos as well? We estimated 40k for the rehab just based on square footage so far. The owner is...
Danae Meurer
Accounting for seller concessions
How does one account for seller concessions from the HUD-1? Is that amount subtracted from the basis, or is that money allocated proportionally to each item in the closing costs it covered?Also, if there is a Lender ...
Jonathan Kwon
Financing
What is the best way to finance a house flip? Is there an advantage to invest with all cash opposed to getting a loan? Ideally you trying to hold the property for a few months. What are the disadvantages of doing a lo...
Adam Departee
Analysis Spreadsheet Help
Howdy!So, I love Excel and building spreadsheets. About 6 months ago I started building my property analysis spreadsheet. I say started building because I am continuously working to improve it. In an effort to continu...