29 April 2019 | 4 replies
My #1 recommendation is not to let your real goal get sidetracked by tech and marketing sub-projects.
24 April 2019 | 2 replies
Lets say I get into a rehab project.
28 April 2019 | 1 reply
A very good friend brought a realtor who specializes in this type of project, her buyer had been working on this for several years and fell through and so we were able to step in after most of the water rights were secured.
25 April 2019 | 1 reply
Newbie flip investor here.I would like any advice on how to research, screen, and interview GCs for rehab projects.
25 April 2019 | 1 reply
This has been by far the most inspiring project to date!
25 April 2019 | 0 replies
What is exactly "Sold Through An Application Process, Project Agreement Recorded At Closing Requires Rehab Within 24 Months Of Closing And Before Resale" really mean?
25 April 2019 | 0 replies
Basement was 1 bed /1 bathCurrent Unit Breakdown: 4 Bed/2 Bath for all units.Changed occupancy to a Legal 4-unitSummary:Purchase Price: $1,550,000Rehab: $385,000ARV 4 Unit: $2,500,000 Equity Created: $500k+Projected Monthly Rent Roll: $17,500/monthProjected Monthly Cashflow: $3,328/monthLessons Learned:During a gut rehab of a multi family, you can sub meter the water to each unit.
25 April 2019 | 0 replies
Basement was 1 bed /1 bathCurrent Unit Breakdown: 4 Bed/2 Bath for all units.Changed occupancy to a Legal 4-unitSummary:Purchase Price: $1,550,000Rehab: $385,000ARV 4 Unit: $2,500,000 Equity Created: $500k+Projected Monthly Rent Roll: $17,500/monthProjected Monthly Cashflow: $3,328/monthLessons Learned:During a gut rehab of a multi family, you can sub meter the water to each unit.
25 April 2019 | 1 reply
Financing & Deal Structure: Purchase Price: $1,550,000Bank Financing: $1,162,500 of Purchase Price at closing Financed by: South Shore BankInterest: 5.46 %Points: 0.75 PtsInterest Reserves: $60,000Closing Costs: $23,000Terms: 25 Year Amortization 10 Year term.5 Year fixed.Down Payment at Closing: $400,000 Private Investor + Own CashActual Rehab Cost: $385,000Summary: Purchase Price: $1,550,000Rehab: $385,000ARV 3 Unit: $2,000,000ARV 4 Unit: $2,400,000 Appraised values came in at $2,300,000 for 4 unit with lower rent roll projections given.Equity Created: $500k+Projected Monthly Rent Roll: $15,500/monthProjected Monthly Cashflow: $2,328/monthProjected CAP Rate:
13 May 2019 | 2 replies
A 3-month project from start to close.