All Forum Posts by: Abhi Golhar

@Account Closed I agree, if you are paying application fees, be very wary of those lenders. Especially people that are overly pushy.

@Victor Adetiba - I work backwards. I don't look at build cost from a % of FMV perspective from the get-go. But, once I determine build cost, I'll make sure:

Acquisition + Build Cost + Any Other Pmts/Fees <= 68% of FMV.

@Victor Adetiba - thanks for following up.

If new homes in the immediate vicinity are selling for ~$350k, then we'll buy at 18-22% of 350k. 

Does that help clarify?

@Michael Daniel - the majority of them are 2/1s, which aren't as desirable, but, may work with a few folks I know.

Btw, have any larger portfolios with a better distribution of bd/ba?

I agree with @Cameron Tope. Debt is super easy to get right now, but the right deal isn't. Find the deals, and the buyer will be there.

Have more questions? I'm here for you. Get in touch.

I would get in touch with @Veena J. - she's all things Texas!

@Victor Adetiba - I have a few ideas for you! 

1. When I buy land for new construction, I'm buying at 18-22% of FMV

2. Build your DREAM team immediately - real estate agent, interior designer, architect, city expeditors, surveyors, capital source, etc.

3. Find deals by creating an army of wholesalers who believe in you.

Those are just a few thoughts. Have more questions? Get in touch. I'm here.

@Haseeb Awan - great question. Depending on the lender, they will require a certain length of seasoning. But, the rates are dependent on how well you can negotiate using your current relationships! 

Have more questions? Get in touch. I'm here.

@Sergey Skrobotov - it's always good good idea to retain all paperwork relating to a purchase of the property. If they can send you digital copies in PDF form of the paper copies they gave you, then you can dispose of the printed version. Otherwise, I would suggest scanning these documents in and saving them on dropbox somewhere. A program that I use is called Cam Scanner.

@Kevin Branin - I would suggest calling Halperin & Lyman or Harlan & Florence. These are real estate firms in Atlanta that do good work.