All Forum Posts by: Galant A.

any updates 2 years later?

Hi community,

I'm looking for recommendations for attorneys who specialize in drafting joint venture (JV) agreements, particularly for new construction and flips. I'd prefer someone who has experience working with real estate investors and understands the nuances of these types of deals.

If you’ve worked with someone reliable and knowledgeable, I’d greatly appreciate your suggestions. Thanks in advance for your help!

Permit delays in NY can derail timelines and budgets for developers and flippers. What are the best strategies you’ve used to minimize this risk and keep projects on track?

Permit delays in NY can derail timelines and budgets for developers and flippers. What are the best strategies you’ve used to minimize this risk and keep projects on track?

I would appreciate a copy as well. BTW, are you CA-focused or national?

Hi guys, sorry if bumping is uncommon. Any pointers as to where I can get some benchmark answers for these questions? Thanks so muc

thanks, @Chris Davis! Where can I find such said marketer/closer in my area?

Thank you for sharing those insights! It’s really helpful to understand the different processes in various states.

I’m particularly interested in how this compares to New York, as I’m considering investing there. Any insight on how does the foreclosure process in New York compare to states like Ohio or Nevada, particularly regarding title checks and safeguards for buyers?

Hi BP Community,

I'm in the process of evaluating a fix-and-flip opportunity for a single-family home (SFH) with the following details:

• Purchase Price: $1,000,000
• Renovation Costs: Approximately $400,000
• Estimated Timeline: 12-14 months from purchase to sale

I'm trying to determine what would be considered "good enough" multiples and internal rate of return (IRR) for this type of project. I understand these numbers can vary depending on financing, market conditions, and other factors, so I'd appreciate any insights based on different scenarios:

1. All-Cash Deal: If this were an all-cash transaction, what multiples or IRR would you consider acceptable or ideal?
2. Financed Deal: Assuming 75% LTV on the purchase and a typical rehab loan structure, what returns should I aim for?
3. Market Considerations: Given the 12-14 month holding period, how much does your target IRR change in a fluctuating market (either rising or declining)?
4. Exit Strategy: If the flip turns into a hold due to market conditions, what would be your minimum acceptable ROI for a 2-3 year hold?

Any examples or rules of thumb you use in your own projects would be incredibly helpful. Thanks in advance for your insights!

Hi everyone,

I'm delving into purchasing properties through foreclosure auctions and am trying to navigate the complexities of preliminary title searches. I’d love to hear your experiences on where and how to effectively conduct these searches.

What tools or resources have you found most reliable for uncovering any liens, encumbrances, or issues that could affect the property title? Additionally, if there are particular strategies or tips you've found useful in this process, I would greatly appreciate your insights.

Looking forward to learning from your experiences!