All Forum Posts by: Malvin Cuevas

@Tom Dagney

@TomDagney when will you be having your next event

@David M. How does this work?

@George Brown I purchased a land in the Dominican Republic, Punta Cana. My plan is to use it as an Airbnb. Airbnb is booming in Punta Cana and I believe is a great investment. My sister and cousin purchased one of those properties. The best time to purchase is before they are finished. I can get you in contact with my realtor.

Hello everyone,

I'm new to the game and will like to purchase my first property in NJ. I found a duplex for $265,000 in good shape and good location. Rent In the area is $1,200 to $1,300 a month for a two bedroom. Taxes are about 5k to 6k . Do you guys think this is a good investment? What is the best way to calculate to see if it makes sense. Please help

I spoke to a lender, and this is the information he gave me. Is this a good deal

"We fund 100% of construction and acquisition up to 65% of the ARV. We can approve the same day and close in 24hrs. Normally we are about 1.167% per month for a 12 month note. The money is 4 points at the table".

USE OF FUNDS

PURCHASE OR REFINANCE ($ 75,000.00) Purchase Price

RECORDATION TAX 0.40%

TRANSFER TAX 0.40%

LENDER LEGAL FEES ($ 725.00) estimate

TITLE INSURANCE & CLOSING ($ 1,500.00) estimate

DUE DILIGENCE ($ 400.00) Valuation/Inspection

LESS: DUE DILIGENCE

LENDER FEE ($ 2,800.00) 0.04

FUNDING FEE ($ 995.00)

FLAT REFERRAL FEE

REHAB RESERVE ($ 40,000.00) Construction holdback

PROPERTY TAXES ($ -  ) estimate

HAZARD INSURANCE ($ 850.00) estimate

CONSTRUCTION DRAWS $150 EACH ($ 750.00) 5

INTEREST RESERVE:

Broker Fee

TOTAL ($ 123,020.00)

@David Weintraub Hi David. Can I have that info as well. Looking to fund a deal

@Anthony Disco Hi Anthony, I might need your info as well. thank you

@Justin Fraser will you be able to provide me with the lender info as well? Thank you Sir.

@David Weintraub Hi David, How can i get your contact information. I'm looking for lenders, for my fix and flip.

Thank you,

Malvin Cuevas