So how much equity should a potential seller have on their property in order for them to be able to sell their home. Anybody have a neat script you can share ?
I'm running the numbers on an 80k example house in an Ohio market. 20% down works with a 4% rate at 30 year amortization. Switching to 7% at 25 years the numbers go bad.
Here's an example: 80k house, $800 rent, 54k ...
Hello,
I am wondering if there are any scams that might be common on BP, or if there is anything I should watch out for when interacting with people on the website. I don't have a specific example, but am just wanti...
I recently had a client come to me looking for assistance securing a construction loan. The client prioritized leverage and was adamant a hard money lender would offer the best terms citing the higher LTC. I frequentl...
Are there any specific rules for saving/Accounting for Capital expenditures? I want to get a better understanding of how much should be put aside each month for Cap Ex. Also if it is possible is there an example that ...
Hello,My question is about the procedures and costs of closing a Subject2/Wrap deal.Let me set up an example, I'll use these numbers since I have seen them used a few times on BP:Property Value = $100KRepairs = $0Sel...
I am in an unusual position. I have taken over the family trust but it is specifically written that I cannot sell anything until my older sister, who is mentally handicapped, passes away (except if needed to pay taxe...
Hi there, we have an offer in on an MLS wholesale deal. We have put 1% Earnest Money to our Title Company in escrow. The contract is for sale currently and we're 6 days out from our option period. Question is, do I ge...
Hey all! I am an out of state investor currently and currently own a number of properties in CA and TX. I'm planning to buy a SFH in Huntsville in the next 2 months so I'm looking to understand more about the area.My ...
Hi Everyone,A friend of mine is negotiating on a RE contract for the sale of their home. The buyers want "An ALTA Owner's policy of title insurance without standard exceptions" checked on the contract instead of "An...