hOW DO YOU CALCULATE A HARD MONEY LOAN USING A CALCULATOR? iN OTHER WORDS CAN SOMEONE GIVE AN EXAMPLE OF A SITUATION THAT THEY NEEDED HARD MONEY AND SHOW US THE MATH. THANKS IN ADVANCE.
I m working on my first construction project. Current lender ( referred by builder) gave $12K cost in there disclosure estimates. I understand some costs - I can shop around but section A & B is almost $9K. This...
Hello everyone,I'm currently analyzing properties in order to buy my first investment property.I would like to reach a point where I can see a property, get a rough estimate of how much it will cost to fix it up, run ...
Hi there! I have done 3 live-in flips in my local market but am currently on the hunt to do my first "professional" flip. I'm wondering if anyone can advise me the benefits of using a hard money lender versus conventi...
What’s up y’all. I came across a house that’s a for sale by owner 3/2 started out asking for 210K then drastically went down to 175K. After getting inside and calling owners it’s 1300sqft and completely gutted; floor,...
Hi All,You know the shows such as "income property" & "flip or flop"? Are the cost estimates they give on rehab jobs realistic? Such as re-doing a kitchen, moving a wall or replacing all floors? I'm trying to get ...
My question is, as you acquire a property you obtain a significant hit with closing costs. How do you roll that into your monthly, or annual breakdown for net profit?
I am soliciting proposals from general contractors for extensive rehab work on a rental property. What should I expect these proposals to look like?I asked GCs to provide cost broken down by individual project (e.g., ...
when you guys determine arv
you multiply the expected sales price by.7
Then subtract repair costs.
But, do you also subtract all the quiet costs?
I am looking at a house that's ARV is 225k needs about 20k, asking pr...
I am looking at a house that will comp for $165-$175k. The reno is about $33,000. I placed a bid today for $110,000. When I sell the home for $170k I will make 20k. The sale is a short sale. The bank has pre-app...