Quote from @Harvey McMurray: Working through an infill lot opportunity in Spartanburg SC with utilities at street, no HOA, and strong new-build comps in the $260k+ range.For those who work with builders or who wholesale land regularly, how do they typically evaluate:• Lot size• Utility availability• Comps• Dirt condition• Entry priceI shared the full situation in my Classifieds post per BP rules.Just trying to understand how builders in that area run their numbers.

Sit down with your lawyer or financial advisor and explain your future and have them explain the above.  

Should be standard, no matter the market conditions.

I see a lot of investors unsure about how note pricing really works.Here are the biggest variables I look at:• Payment history / seasoning• LTV and remaining equity• Property condition• Borrower performance• Clauses in the noteFor those of you buying or selling notes, what criteria do you prioritize most?

I’m Tyree and I’m here for knowledge 🖖🏾Any Asset protection lawyers available? 

Contact the Virginia State Bar Association for a lawyer referral for a 30 minute consultation for $35. 

Hello all, I finally got around to having my LLCs set up through and attorney and it appears I have been left hanging here.Attorney initially opened 3 California LLCs as well as 1 Wyoming LLC. He suggested we do it th...

Conventional MortgageDSCR MortgageDSCR Renovation MortgageOther: $_____Purchase Budget: $_____Repair Budget: $_____Property Condition You are Willing to Work With:Turnkey < $3,000BRRRRR > $3,000BRRRR > $15,000Target Rent-to-Price Ratio: _____Target CAP Rate or ROI: _____Target Cash-on-Cash: _____Deed/Title: Your Name: required for FNMA, FHA & VA mortgagesLLC: required for most DSCR mortgagesTrustPartnershipOther

Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

If you can realistically get $1,200–$1,350 per side, you’re looking at $2,400–$2,700/mo, which puts you around a 0.8–0.9% rent-to-price ratio — workable if taxes/insurance aren’t too high and major CapEx is solid.Key things to confirm: true rent ceiling for 3/2s in Mustang, condition of major systems, and how quickly you can turn the MTM tenant.