All Forum Posts by: Alon A.

Hey guys

I would like you to help my calculate my expanses its my first deal of flip and like to know my net profit.

I dont understand this calculators and want someone to explain me please. I know you have closing costs, hazard insurance, and more fees , and when you sell property you have also seller fee....

Property price: 425K 

Rehab: 60K

ARV: 640K

Insurance: $2300 yearly 

Property Tax: $12,100 yearly

thats is all details i know .. how do i know more expanses that i have and how to calculate it?

Hard money options:

Easy Purchase-Only

6-Month Term (No Prepayment Penalty)

82.5% LTPP up to 70% ARV

10.9% Rate

2.5 Points

You will self-fund the entire rehab in this scenario

Purchase 80

6-Month Term (No Prepayment Penalty after 30 days)

80% Acquisition-Only Loan (Lend based off of LTC, Not ARV or LTV)

11%

1 Point

Hey guys 

Thank you all for you info it helped me a lot 

The loan is with no down payment , maybe that’s why it’s high ? 

hey guys

i have a question that ill need your help please, i have a deal of 300K purchase , 55K renovation, ARV is 450K, 2 months of remodeling

property tax is $8500 per year, Rent is $2600

Property in Dallas TX

Hard money lender

75% of ARV - on rental property for BRRRR

70% of ARV - on Fix and Sell (Flip) property

terms for both options:

14% APR interest | 2.99% Loan fee | 12 month term (potential to roll 1% into refi) | $1495 processing fee

How do I calculate the Net profit after selling in flip ? After all expanses, pre paid hazard insurance, closing costs title.. everything.

Can you help me out how to calculate it, I dont understand online calculator and want you will explain me here

the 2nd question is: lets say i go to the rental way BRRRR , after I finish the 2months of remodeling, after i finish it convert to conventional loan, how it works from the conversion of the hard money loan, property ARV is 450K,

Thank you so much !!

Hey

I live in California, i'm investing in Dallas, TX - im planning to buy Single Family Home properties

I have my own S corp company here in CA and i opened LLC for investments

i didnt stared yet and i didnt bought my first property.

From tax perspective, its helping me in any way of having investments in Real Estate (even if its not commercial)? 

I heard that only for commercial you get tax deductible.. can you explain

Lets say i remodel and have 50K to pay to contractor, this payments will go of course will go from my S Corp, end of year we need work on taxes,, its deductible ?

Im asking because i dont have any knowledge with how its affect on taxes. 

Thank you !!

 I just think that texas has really good growth and there is areas Still in texas that worth investing if you find good deal

Columbus and Cincinnati became expensive already for 3bed/2baths  houses 

Cleveland also reached to the 100K ranges , but yes the rents are amazing , the area and growth not that much 

So why OH? 

 I think it’s still reasonable prices and returns , what you recommend? 

 A and B only 

 I’m in silicone valley , what local market I can get here ? Lol everything here is over 700K in the area unless you drive 4 hours 

 You don’t have a lot of problems with tenants ? When renting this houses ?