10 January 2025 | 12 replies
Securing Lending shouldn't become a hurdle is the Deal numbers works.
13 January 2025 | 27 replies
@Earl White rent control and relocation costs equals NOT landlord friendly in my opinion.
13 January 2025 | 6 replies
The biggest factors, from what I can tell, are age and rebuild cost.
12 January 2025 | 12 replies
No management costs?
10 January 2025 | 7 replies
What strategies do you recommend for securing hard money loans for spec builds?
12 January 2025 | 10 replies
That's like asking how much it costs to buy a car.
12 January 2025 | 2 replies
My duplex - built 1989, 2,060 sf, 2 bed/bath, 1 year old roof, value if I subdivide (county already approved) and sell each separately $150k each ($300k total)Investor duplex - built 1995, 2,300 sf, 2 bed/bath, 5 year old roof, value around $310kThe investors initial request was for an equal trade and they would pay realtor fees, which I replied wouldn't be equal due to buying/selling costs (recording fees, title insurance, closing fee, survey, inspections, loan fees, 1031 fees, accountant fees, repairs), taxes would increase due to new sale price, I'd trade a 3.75% mortgage for a higher one, and I'm on the 10th year of a 30 year loan so resetting that to a new loan would restart amortization and pay more towards interest.
8 January 2025 | 7 replies
I feel this gives me the flexibility to find the right solution for my client and not just sell what my bank offers.I'll also throw in my 2 cents on common differences I've seen in my career:CDFIs - Because of their subsidized financing structure, they have the ability to be a low cost lender (and sometimes provide grants).
12 January 2025 | 3 replies
All strategies can be lucrative and all can be costly.
12 January 2025 | 8 replies
May not be your cup of tea but they are cost efficient and they work to add passive income at a fraction of the cost to build a SFH.There are a few "Tiny Home" builders in Tampa and Manatee doing a ton of business.