Peter Lange
Need Advice on Private Money Lender Paperwork
I'm putting together a deal where we will have 75-80% conventional funding and 20-25% private money - so no money down. For context, this deal is in Texas. I have the private money lined up and committed. However, I'm...
Chris Risi
STR Strategy? How much should I have in reserves?
Hey All,I have a few STR/MTR properties in Phoenix and I have never touched any of the rental income. Have just kept it in the bank accounts. Anyone have any opinion on when its "ok" to start using profits to pay for ...
Abu Haq
When do i talk to hard money lender?
Hi, I will get straight to the point.
First flip.
Im looking to purchase property around december and rehab through the winter. List early spring and sell asap.
i created a llc and opened a buisness account with 2...
Account Closed
Maintenance Management Software?
Does anyone have any suggestions for maintenance management? I would like my renters to be able to submit maintenance requests online at anytime (including emergencies), rather than try to reach me just be phone (sinc...
Brandon Richards
First Flip Case Study
Hopefully it can help inspire those on the edge. Take MASSIVE ACTION!***CASE STUDY***Ok, I'm just going to free flow this and see where it goes! I will miss many things likely, but feel free to message me specific que...
Joseph Shapiro
Should I SELL or KEEP this building?
Fellow investors,
I purchased an 18 unit building in a major US city some 4 years ago. I stand to net about $800K (after fees, but before taxes if I were to sell it today Would you sell this C class property in a n...
Jonathan Goldman
2nd Mortgage Options on an Investment Property
I wanted to see if anyone knew of a lender that does a 2nd mortgage on an investment property? Any recommendations are welcomed! Trying to think through how to access more of the equity in this property and redeploy i...
Account Closed
New to flipping houses
Hi GuysMy wife and I are considering getting into the flipping game. I have a few questions.1 We are using a realtor who sold our original home what is the % for him at buying and selling?2 what %can we expect to loos...
Justin Petrides
Investing profits from one sale to fund another purchase
I currently own a small single family house outright in PA . I’m looking to sell this and purchase a multi-unit ( up to 4 units ) in Florida . I will be living in one of the units . I’ll be working with approximately...
Julie Hassett
Cash on Cash Calculation Question
Hi! Math question here...
As my property cash flows and I build up a reserve of money, does the "money invested" part of the CoC equation change? Or does it always stay constant?
Scenario: I buy a property for cash....