In the report, you have assumed that the purchase price is $41K, whereas the sales price is $55K. Killeen market is pretty hot right now. Good deals are gone in less than 24 hours. Just wanted to make sure that the numbers look good with sales price of $55K.
Investor · Cedar Park, TX · Member since 2016 · 463 posts · 177 votes
8y
yes the 41 is what I’m going to offer them. And I think the house through my research is worth at top 62 but I would like to be conservative that number .
Conroe, TX · Member since 2015 · 10 posts · 4 votes
8y
Just curious, why are there Loan Point/Fees of $3,000 if you are purchasing this property without a loan? Wouldn't all fees for a cash purchase be listed in Closing Costs?
Investor · Cedar Park, TX · Member since 2016 · 463 posts · 177 votes
8y
I like to keep my closing cost separate for both first time cash purchase in cash out refi . And I to be conservative so the first loan is going to have my inspection and my appraiser go out plus closing cost . How do you do it?
Conroe, TX · Member since 2015 · 10 posts · 4 votes
8y
I include inspection and appraisal fees in the rehab budget. My general rule is rehab budget for anything that comes up before refinance and isn't specifically listed separately on the worksheet.
Residential Real Estate Agent · Dallas, TX · Member since 2013 · 232 posts · 173 votes
8y
Ah, to be Killeen in 2016 again, @Nirmal Khanderia , when the foreclosures sat on the market, fourplexes were a dime a dozen, and nothing went multiple offers. Hot markets are both a blessing and a curse. It's almost impossible to find stuff now, it feels like (though still a lot better than the Austin market).