Matthew Hicks
First time Custom Finishes
Hi Everyone,We are custom finishing one of our flips for the first time. The interested buyers have loosely agreed to a 5% deposits and a (negotiable) 50% deposit on any upgrades. They haven't yet asked me about ref...
Jason Malabute
monthly expenses in NoHo, Northridge, Glendale, Tujunga, ETC
Hi All,I was wondering if in sub-markets in Los Angeles like (Eagle Rock, Glendale, North Hollywood, Hollywood, La Crecenta, and surrounding areas) do the tenants typically pay for their own utilities, sewer, garbage,...
Ryan Trexler
Down payment on a multi family (Non FHA)
I’m in the early stages of purchasing an investment property and am evaluating my financing options. I currently own a single family home and do not want to owner-occupy a multi family.I spoke with a loan officer who ...
Greg S.
65% minus repairs rule question
Hello all, quick question...
It seems that the standard for purchasing investment houses for rehab is to use the rule 65% of ARV, minus repair costs.
Using this formula, about what percent profit is built into the d...
Kathleen DeNault-Ridge
DTI and Dodd Frank
With the recent mortgage reforms (Dodd Frank), what is the "standard" for DTI that lenders are looking for now? I'm exploring the financing of small multi's (4 or less units) for a long-term buy and hold investment s...
Chris Lawrence
Referral Fees for Real Estate Agents
Hi,I’m a real estate investor in Rochester, NY. Wondering if there is a market standard or average referral fee for referring deals that it makes the most sense to list with a realtor? Through my marketing- I have bee...
Joshua Carvalho
Do I need earnest money to get a contract for expensive homes in California?
I'm a new wholesaler in Pasadena, CA. Houses here have a median retail value of $600k-$700k. When I hear podcasts, read books, articles, etc. I learn that as a wholesaler I don't need any money to put down in order to...
Scott Goulet
Property managers in Daytona
I am very seriously considering buying a buy and hold property in Daytona Beach, Fl. Does anyone know of any good property managers in the area? thanks, Scott
Matthew Nieroda
Seller Financing
My realtor came across a home where his client is looking to either rent a unit or sell the 2 family outright (property not yet listed). Sounds like the seller (50's aged women) may be in financial struggle but the ho...
Account Closed
I need opinions on a ranch style SFH for rehab.
I am starting to get into real estate investing. There is a 4/2 1900 sq property that has piqued my interest. I can probably get this property for about $178k and the ARV range given by zillow is from $217k to $302k. ...